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GE Energy Financial Services has signed up to participate in the US$23 million funding round for SolarEdge to support growth in residential and large-scale photovoltaic sites. While the amount invested by the round participants has not been disclosed, some of the companies involved include venture capital leaders Opus Capital and Walden International, Israeli funds Genesis Partners and Vertex Venture Capital, and the Singaporean fund JP Capital Asia.

“We will use this financing to further promote our solar power harvesting system, which can be embedded in practically all types of solar photovoltaic panels to maximize power generation while dramatically reducing costs,” said Guy Sella, Chairman, CEO and Co-Founder of SolarEdge. “By partnering with GE, we benefit from the company’s proven R&D capabilities, energy technology expertise and deep commercial market reach.”