The struggling
microinverter maker narrowed losses considerably in Q4, as it unveils new products and expands in new markets.
Sparq designs and manufactures
microinverters, which convert power produced from solar panels into usable grid power for home solar systems.
Sparq has an innovative
microinverter design that enables lower product cost and higher reliability,» said Murray McCaig, co-managing director of the MaRS Cleantech Fund and recently appointed board member of Sparq.
Sparq's next generation
microinverter is expected to be the lowest cost, most reliable and most advanced
microinverter in the industry.
«We are excited to support Sparq as it develops and launches its next generation
microinverter and starts to scale its business.
Sparq Systems Inc., a developer of advanced photovoltaic (PV)
microinverters, announced today that it has raised $ 2.75 million from three Ontario cleantech venture capital firms.
Financing led by the MaRS Cleantech Fund Kingston and Toronto, ON, October 24, 2013 — Sparq Systems Inc., a developer of advanced photovoltaic (PV)
microinverters, announced today that it has raised $ 2.75 million from three Ontario cleantech venture capital firms.
«We have successfully commercialized our first generation
microinverter with sales in Canada, the United States and Mexico.
Our next generation
microinverters are designed for easy «plug and play» field installation using industry standard cables, as well as direct manufacturing integration into an AC module.
With our recent financing, we have strengthened our management team and are commercializing our next generation
microinverter — a product we believe will reset the industry standard for cost, reliability, performance, ease of installation and advanced grid functions.»
About Sparq Systems Sparq Systems delivers next - generation
microinverters systems for the fast - growing distributed generation solar market.
The microinverter maker is reporting only modest losses in its Q1 results, a significant improvement from a year ago.
APsystems was founded in Silicon Valley in 2009, and is now a worldwide leader in advanced solar
microinverter technology.
APsystems is pushing the market forward with constant, intensive research and development to make tomorrow's
microinverter technology available today.
U.S.
microinverter specialist inaugurates new facility designed to expand its testing and verification capabilities for its microinverters and build on the development of its AC battery solution.
Enphase has already begun shipping its 5th generation
microinverter and will seek to grow sales of its Home Energy Solution in 2016 — which comprises an AC battery storage system, AC module and AC combiner box.
Christchurch was first identified as a hub for Enphase in 2011, when the U.S. company opened a power electronics engineering team there in order to design, develop and test
microinverters bound for Enphase's Asia - Pacific and European markets.
This new facility will focus on collaborating with engineers at the Petaluma facility to develop Enphase's fourth, fifth and sixth generation
microinverters, and will also add the development of the Home Energy Solution to its product roadmap.
Officially opened by new Zealand's minister of science and innovation Steven Joyce MP, the R&D facility is expected to further Enphase's compliance testing and verification capabilities for
its microinverters, as well as expanding the firm's development of its AC battery modular energy storage system.
LG unveiled both a new high - power 365W, 60 - cell residential module, and a new AC module with an Enphase
microinverter and wifi communications on board.