from the April 2010 issue

Innovative Companies in Energy for 2010

SolarEdge Technologies, an innovative provider of distributed solar power harvesting and PV monitoring solutions, announced today that Fast Company Magazine selected the company as one of the World's Top 10 Innovative Energy Companies for 2010.

SolarEdge was selected for its unique and innovative approach to boosting PV system output. SolarEdge's system, which incorporates a multi-string solar inverter, PowerBoxes which are per-module power optimizers, and module-level solar monitoring software, enables cost-efficient production of up to 25% more energy from any PV installation. The company attracted $23 million in funding last year, including an investment from GE Energy Financial Services. The company works with industry-leading partners such as BP Solar, Schott Solar and Isofoton, to embed its technology into photovoltaic panels to increase their power output.

"We are proud to receive this recognition of our cutting-edge technology and ability to quickly grow our company," said Guy Sella, CEO, Chairman and founder of SolarEdge. "Over the last year we've seen increasing demand for a way to optimize power harvesting and bypass inherent limitations of traditional PV systems without increasing costs, resulting in a growing number of installer, integrator, manufacturer and system-owner partners. We appreciate Fast Company validating the strength and innovation behind SolarEdge's technology as well as our ability to execute on the company's promise."

The Fast Company editorial team analyzed information on thousands of businesses across the globe, striving to identify creative models and progressive cultures. Overall, Fast Company ranked the Top 10 Most Innovative Companies in 24 categories.

"It was invigorating to engage with so many exciting new ideas and developments," said Fast Company editor Robert Safian. "Our goal was to offer a snapshot of the creativity at work in the global marketplace, and to inspire the Fast Company audience with illustrations of how powerful and effective business can be."

Reprinted from the Israel High-Tech & Investment Report April 2010

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