SolarEdge was selected for its unique and innovative approach to boosting PV system output. SolarEdge’s system, which incorporates a solar inverter, PowerBoxes™ which are per-module power optimizers, and module-level solar monitoring software, enables cost-efficient production of up to 25% more energy from any PV installation. The company attracted $23 million in funding last year, including an investment from GE Energy Financial Services. The company works with industry-leading partners such as BP Solar, Schott Solar and Isofoton, to embed its technology into photovoltaic panels to increase their power output.

“We are proud to receive this recognition of our cutting-edge technology and ability to quickly grow our company,” said Guy Sella, CEO, Chairman and founder of SolarEdge. “Over the last year we’ve seen increasing demand for a way to optimize power harvesting and bypass inherent limitations of traditional PV systems without increasing costs, resulting in a growing number of installer, integrator, manufacturer and system-owner partners. We appreciate Fast Company validating the strength and innovation behind SolarEdge’s technology as well as our ability to execute on the company’s promise.”

The Fast Company editorial team analyzed information on thousands of businesses across the globe, striving to identify creative models and progressive cultures. Overall, Fast Company ranked the Top 10 Most Innovative Companies in 24 categories

“It was invigorating to engage with so many exciting new ideas and developments,” said Fast Company editor Robert Safian. “Our goal was to offer a snapshot of the creativity at work in the global marketplace, and to inspire the Fast Company audience with illustrations of how powerful and effective business can be.”

Fast Company’s Most Innovative Companies issue (March 2010) is on newsstands now, and is online at www.fastcompany.com/MIC.

About SolarEdge
SolarEdge provides the world's first end-to-end Distributed Solar Power Harvesting and PV Monitoring Solution, allowing maximum energy production at a lower cost per watt. The company works with industry-leading partners to embed its active electronics directly into PV panels. The SolarEdge PowerBoxes™ are DC-DC power optimizers that perform MPPT per individual panel while monitoring performance of each panel and communicating across existing power lines. Moreover, PowerBoxes always maintain a fixed DC string voltage, allowing optimal efficiency of the SolarEdge PV inverter, which is tailor made to work with power optimizers. As a result, the SolarEdge system provides more power from any given installation, eliminates design constraints, provides complete panel-level and whole-system visibility for monitoring and maintenance alerts, solves all safety hazards and provides anti-theft mechanisms, all while reducing the cost of energy. SolarEdge is online at www.solaredge.com