SolarBridge Technologies has been awarded US$1.5 million from the State of Texas through the Texas Emerging Technology Fund (TETF) for the development of its module-integrated microinverter and management system. SolarBridge will use these funds to accelerate product development as the company prepares for the 2010 launch of its SolarBridge Microinverter.
“We have succeeded in creating a module-integrated microinverter like nothing else on the market,” said Ron Van Dell, president and CEO of SolarBridge Technologies. “By making this investment in SolarBridge, the State of Texas recognizes the impact that our technology will have on making solar installations significantly more reliable and affordable.”
The TETF funds will also enable SolarBridge to double the size of its Austin headquarters – the company is expected to hire 15 new employees in the engineering, marketing, and operations sectors throughout 2010. “The TETF is helping to create a culture of innovation in our state by moving Texans’ good ideas from the laboratory to the marketplace,” governor of Texas Rick Perry said. “This investment in SolarBridge will help improve solar technology and increase the use of solar energy.”