This new investment adds to the GBP6m ($10m) received from Wellington Partners and BankInvest in June 2009 for a total investment of GBP8.5m ($14.3m) in Enecsys.
Enecsys will make its first product announcement in early 2010.The company claimed that its micro-inverter technology promises low lifetime costs and easy installation of solar PV systems.
The company said that micro-inverter architectures increase energy harvesting from solar PV systems, reduce installation and maintenance costs and eliminate the risk related to high voltage DC, enabling mass market deployment of solar PV.
Paul Engle, CEO of Enecsys, said: “Good Energies invests in companies that significantly accelerate the clean-energy transition and that possess clear technology differentiation. We are delighted that they recognize these characteristics in Enecsys and have chosen to support us as we prepare for our first product launch in the early part of this year.
“We believe this partnership brings unparalleled insight and expertise into the industry and positions Enecsys to become a global leader in solar inverters.”
George Coelho, managing director of Good Energies London, said; “Enecsys excelled with respect to our investment criteria. The company’s combination of innovative patented technology, seasoned management and board, and a drive to succeed impressed us immensely and I look forward to helping them achieve leadership in the market for solar power conversion. “
Mr Coelho has also joined the board of Enecsys.
