UK - Wellington Partners leads $10m Enecsys funding
Wellington Partners has led a $10m series-A funding round for micro-inverter company Enecsys, alongside BankInvest New Energy Solutions.
Enecsys, which was spun out of the University of Cambridge, develops cost-effective micro-inverters to be deployed in harsh external environments next to solar photovoltaic (PV) modules. The patented design eliminates low lifetime components such as electrolytic capacitors and provides micro-inverter lifetimes equivalent to PV modules. This delivers maximum energy harvest even in shading and over temperature extremes of -40 degrees celsius to +85 degrees celsius, resulting in savings up to 25% over conventional systems.
The new funding will be used to accelerate commercialisation of the company's technology and to intensify marketing.
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