SolarBridge Technologies has been awarded $1.5 million from the state of Texas through the Texas Emerging Technology Fund (TETF) for the development of its module-integrated micro-inverter and management system. SolarBridge says it will use these funds to accelerate product development as the company prepares for its launch of the SolarBridge micro-inverter this year.
According to the company, the SolarBridge micro-inverter's patented architecture yields improved reliability by eliminating the most failure-prone components, such as electrolytic capacitors and opto-isolators, which are found in central inverters and competing micro-inverters.
In addition to product development, TETF funds will also enable SolarBridge to double the size of its Austin, Texas, headquarters. The company plans to hire 15 new employees in the areas of engineering, marketing and operations this year and expects to add a total of 60 employees in Austin over the next three years.