Solectria Renewables

Solectria Renewables specializes in the manufacture of advanced photovoltaic inverters for solar energy systems, focusing on enhancing efficiency and reliability in commercial applications. Solectria Renewables, founded in 2005, is based in Lawrence, US, and operates as a supplier of photovoltaic inverters. In July 2014, the company was acquired by Yaskawa Electric Corporation. It has conducted a total of two deals since its inception, with the most recent deal occurring on July 17, 2014.

The company has raised a total of USD 2. 10 mn, with the latest funding round also amounting to USD 2. 10 mn, which was invested by the U. S.

Department of Energy. Solectria Renewables supplies commercial photovoltaic inverters, with a focus on innovative 1500VDC inverters that convert direct current to alternating current, facilitating their use in various commercial sectors. They provide tools such as the String Sizing Tool and training programs to assist system designers and installers in optimizing solar energy solutions, serving clients globally in North America, Europe, and Asia. Solectria Renewables generates revenue primarily through the sale of its commercial PV inverters and associated services, engaging directly with solar developers and installation firms.

Their pricing structures are adapted to the complexity of projects, and they offer potential discounts for bulk purchases or ongoing partnerships. The flagship 1500VDC inverters play a significant role in their revenue model. Following the acquisition by Yaskawa Electric Corporation, Solectria Renewables plans to leverage its recent funding of USD 2. 10 mn to enhance product offerings and expand its market presence.

Upcoming products are in the design phase, aiming for release to meet global renewable energy demands. The company intends to explore new geographic markets, specifically targeting regions in Europe and Asia by the end of 2015, ensuring alignment with market growth trends.