Israeli startup SolarEdge, founded 9 years ago, is looking to raise $125 million in an IPO, according to a filing with the U.S. Securities and Exchange Commission this week.
The company plans to trade on the NASDAQ, using the symbol SEDG.
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SolarEdge makes a solar energy optimization and monitoring system, making it possible to increase utilization of energy on solar collectors through optimization of each collector’s functioning, while providing real-time data on their production.
Effective energy storage via sun collectors has long been the bottleneck in making this form of renewable energy affordable.
Run by co-founder Guy Sella, SolarEdge has so far sold 4.5 million of its power optimizers and more than 200, 000 of its inverters, 1.5 million of them in the second half of 2014.