Solar manufacturers that embed SolarEdge optimizers in their panels include Solon in Germany, Helios from Spain, Gesolar in China and Litek in Taiwan, Handelsman says.

FORBES: SolarEdge Raises $37M From GE, Other Investors And Sets Sights On IPO

The company has more than tripled its sales to 170 megawatts so far this year from approximately 55 megawatts in 2010, and aims to continue the same growth rate this year, Handelsman says.

FORBES: SolarEdge Raises $37M From GE, Other Investors And Sets Sights On IPO

Israel-based SolarEdge plans to use its new capital to expand its global production and sales, and to increase its cash reserves in anticipation of going public in the U.S., says Lior Handelsman, vice president of product strategy and business development.

FORBES: SolarEdge Raises $37M From GE, Other Investors And Sets Sights On IPO