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Micro-inverter firm, SolarBridge Technologies has secured a US$7 million venture loan from Horizon Technology Finance Corporation that is designed to support the company’s growth plans and support the roll-out of recently announced new products.
"We value our new partnership with Horizon and appreciate its confidence in our advanced technology and growth prospects,” commented Ron Van Dell, president and CEO of SolarBridge. “Horizon's experienced team of professionals provided an efficient and timely closing of our debt financing. With this boost to our liquidity, we can continue to address the need for cost-effective renewable energy and expand our business."
"With our growth capital and SolarBridge's recent equity financing, SolarBridge will be able to ramp production of its innovative microinverters and advance its development of new products," added Gerald A. Michaud, president of Horizon.