SunPower Announces Purchase Of SolarBridge Technologies

(RTTNews) - SunPower Corp. (PWR, SPWRB, SPWRA) Monday announced the acquisition of SolarBridge Technologies, Inc., a provider of integrated microinverter technologies for the solar industry. Terms of the acquisition were not disclosed.

SunPower will utilize this technology, which converts direct current or DC generated by a single solar photovoltaic panel into alternating current or AC, to develop next generation microinverters for use with SunPower's high efficiency solar panels.

Austin, Texas-based SolarBridge has developed an innovative, highly reliable microinverter solution for roof-ready AC solar panels. Panels with these factory-integrated microinverters can be directly installed, thus eliminating the need to mount or assemble additional components on the roof or the side of a home.