SolarEdge PV Inverters Approved for US DOE's Energy Efficiency and Renewable Energy (EERE) Recovery Act-Funded Projects

GRASS VALLEY, Calif., July 14, 2011 /PRNewswire/ -- SolarEdge Technologies Inc., a leading provider of end-to-end solar power optimization and monitoring solutions, announced today that its solar PV inverters qualify for US local, state and federal projects, funded by the American Recovery and Reinvestment Act of 2009 (ARRA), and administered by the Office of Energy Efficiency and Renewable Energy (EERE), of the U.S. Department of Energy.

The SolarEdge leading technology complies with a waiver of the Recovery Act Buy American provision and is therefore eligible for nationwide US projects and programs. The waiver approves use of inverters that permit optimal output of four or more types of modules per array connected to one inverter, as presently no product manufactured in the United States has been found by EERE applicable to satisfy the needs of ARRA funding grantees utilizing arrays of diverse types and sizes of modules. The complete text of the waiver is available on this link.

"We are pleased by the acknowledgement of our offering, and are thrilled to make SolarEdge's innovative solutions available for use by local, state and federal entities. Governmental projects can now benefit both from ARRA funding and from among the world's most advanced photovoltaic technology," said John Berdner, SolarEdge's General Manager for North America.

The SolarEdge inverters are part of the company's advanced solution that also includes module-level power optimizers and monitoring software. SolarEdge maximizes the return on investment across the solar photovoltaic system's lifecycle, through maximum power point tracking and remote diagnostics for each PV module. Safety is ensured with automatic module shut off during installation, maintenance and fire-fighting.

Visit SolarEdge at Intersolar North America, July 12-14, San Francisco, Moscone West, Level 1, Booth no. 7359.

About SolarEdge Technologies

SolarEdge Technologies, Inc. provides end-to-end distributed solar power optimization and PV monitoring solutions, allowing maximum energy production for faster return on investment. The SolarEdge power optimizers perform MPPT per individual panel while monitoring performance of each panel and communicating across existing power lines. Moreover, a fixed DC string voltage is maintained, allowing optimal efficiency of the SolarEdge PV inverter, which is tailor made to work with power optimizers. As a result, the SolarEdge system provides optimal power, while enabling flexible design and optimal roof utilization. Module-level and whole-system visibility enhance PV monitoring and maintenance capabilities and the unique SafeDC™ mechanism shuts down module voltage during installation, maintenance and firefighting for greater safety. SolarEdge is online at www.solaredge.com.

SOURCE SolarEdge Technologies