GE Joins Consortium for Growth in Residential Photovoltaic Sites Oct 19, 2009

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GE, unit GE Energy Financial Services has joined a US$23 million funding round to support growth in residential and large-scale photovoltaic sites.

SolarEdge provides holistic photovoltaic power harvesting and monitoring technology to maximize the energy output and cost efficiency of solar PV units for residential and commercial. The company works with solar technology companies to embed its technology into photovoltaic panels to increase their power output by up to 25% and provide monitoring and control.

Alex Urquhart, president and CEO of GE Energy Financial Services, said that the investment in SolarEdge will hopefully help the company with its smart technology program for residential appliances, among other opportunities.

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