Apollo Solar, which specializes in the design and manufacture of power electronics for solar energy systems, has raised $4.5 million in a private offering of preferred stock. The capital raised will be used to expand manufacturing operations and to dedicate more resources to the marketing of the Apollo Solar product line.
The company, which provides inverters, charge controllers and communications modules that are integrated into complete PV power management centers, was recently awarded a contract by the U.S. Department of Energy for the development of next-generation inverters and energy management systems.
SOURCE: Apollo Solar
