SolarEdge raises funds for self-adjusting photovoltaic panels
SolarEdge, maker of intelligent photovoltaic installations that can adjust to varying sunlight conditions, just brought in an undisclosed sum in a second round of funding led by Vertex Venture Capital and including Opus Capital, Genesis Partners, ORR Partners and Walden International.
The solar panels in the San Francisco company’s installations contain converters that allow them to turn automatically to harvest an optimum amount of sunlight. The product also gives clients the ability to monitor panel performance in real time, SolarEdge says.
Walden International also contributed to the company’s first round of funding.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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