Stealthy eIQ Raises $10M, Launches Solar Power Optimizer
Posted on August 31st, 2009 by Content Keyword RSS
Most solar panels are strung together like Christmas tree lights, so that if one panel stops working, performs poorly or ends up in the shade, the whole string is affected. To address this problem, 2-year-old startup eIQ Energy came out of stealth mode Monday night and announced it has raised $10 million in funding from NGEN Partners and Robert Bosch Venture Capital , for a system that helps connect solar panels in parallel instead of in a series. The San Jose, Calif.-based company says its
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