Sustainable Energy Technologies Ltd. says Doughty Hanson Technology Ventures has committed to provide up to $1.5 million in new equity to the company to meet working capital needs and to fund a potential European initiative currently under negotiation.
Sustainable Energy is a Canadian company that offers its PARALEX inverter to the Canadian, U.S. and European markets. The inverter technology is designed to enable a ‘parallel’ solar PV system architecture in higher power ratings at a cost and serviceability factor that is comparable to conventional inverters in the market, the company says.
