Tuesday, June 21, 2011 at 1:12:22 PM - by Nate Lew
An Austin, Texas, based solar power company has raised an additional $19 million, or $46 million to date, to support its production of microinverter devices.The devices are the advanced power electronics that take direct current from solar power panels and convert it to alternating current, according to The Austin American-Statesman. At that point, the power can be used by a house, business or be transferred and sold to the local electric grid.The company palns to add to its sales support operations and build its research and development teams for future products in addition to the manufacturing, The Statesman reports. The company has already posted job listings for product managers, information technology manager and engineers.SolarBridge expects to employ 75 people worldwide by the end of the year, according to the paper. It has announced partnerships with Kyocera Solar Inc. and SunPower Corp. and expects to an nounce more partnerships soon.VentureBeat.com said the inverters make it so when a single solar panel is damaged or in the shade, the total electrical output does not suffer. The site said the microinverters last for about 25 years, which is a long time compared to centralized power inverters which the site said usually only last about 10 years. SolarBridge offers a 25-year warranty on the microinverters.
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