Power Up Newsletter

PV Powered Receives Significant Financial Commitment to Fund Growth and Invest in Future


US grid-tied inverter company prepares to expand facilities and launch new commercial inverter

PV Powered, Inc., the largest US maker of grid-tied photovoltaic solar inverters and industry leader in inverter reliability, has received a multimillion-dollar investment from a Vancouver, Washington-based investment group, Evans Renewable Holdings II LLC the principals of JH Kelly LLC, an 85-year old commercial/industrial construction company. The new funding will allow PV Powered to capitalize on the rapidly growing solar energy marketplace which could result in doubling or tripling the company’s size in the next two years.

“Over the last 18 months we’ve invested significantly in PV Powered, and this latest infusion of capital demonstrates our commitment to the company for the future and this industry segment as a whole. We like their technology, and we think they’ve got the best product on the market.  PV Powered has a tremendous management team, and they are focused deeply on the needs of their customers, which is exactly what they need to do to capitalize on the expanding marketplace.”
--Mark Fleischauer, a principal of Evans

 

The Evans investment comes at a time when the solar industry is experiencing strong growth. It provides PV Powered with the working capital required to rapidly expand the company including hiring additional human resources, investing in technology, developing the next commercial and utility scale products and providing enhanced support to existing customers. The financial and strategic backing of Evans and JH Kelly will give customers the confidence they have been looking for to make PV Powered their strategic partner for grid-tied inverters.

“The Evans family has a passion for renewable energy. Their dedication to the industry and their financial commitment to the company provide us with the balance sheet we need," said Gregg Patterson, CEO of PV Powered. "We are now financially well positioned to keep pace with the growth in the market and to create a company like JH Kelly that will serve customers for decades.”

PV Powered is the largest US-based manufacturer of grid-tied commercial and residential solar inverters. Visit us at www.pvpowered.com or contact us today.

PRODUCT NEWS:

NEW! All PV Powered residential inverters now include an integrated single-knob AC/DC disconnect with wire raceway. With this feature, the first UL98 code-compliant PV system disconnect, the industry's broadest, most reliable line of US-made string inverters is now even easier to install.

 

COMING IN JULY - First shipments of the NEW PV Powered 260kW inverter, our latest addition to the most reliable commercial inverter family on the market, with available 20 year warranty

 

To stay informed of all the exciting news from PV Powered, subscribe to our newsletter.

OUR ADDRESS:

PV Powered, Inc.

20720 Brinson Blvd.

Bend, OR 97701

541-312-3832

fax 541-383-2348

 


June 2009 PV Powered, Inc. All rights reserved