GE Finance Enters Israel

by Eric on October 15, 2009

General Electric, the fifth largest company in the world by revenue, hasowe made its first move into Israel.  GE Energy Finance has committed to putting $23 million into Israeli SolarEdge.

“We will use this financing to further promote our solar power harvesting system, which can be embedded in practically all types of solar photovoltaic panels to maximize power generation while dramatically reducing costs,” said Guy Sella, Chairman, CEO and Co-Founder of SolarEdge said.

“We will use this financing to further promote our solar power harvesting system, which can be embedded in practically all types of solar photovoltaic panels to maximize power generation while dramatically reducing costs,” said Guy Sella, Chairman, CEO and Co-Founder of SolarEdge said.

SolarEdge has made advancements in the technology used to monitor photovoltaic solar systems.  It is great to see direct investment in Israeli companies and the leadership in green energy.

Read the whole store at All Headline News.

About the author

Eric Eric is the founder and editor of IsraelSituation.com. He has been to Israel many times including a semester at Hebrew University of Jerusalem. He is the former president of the Israel advocacy group at the University of Colorado and teaches about Israel and the Media at a local religious school.

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