The March 2010 issue of Fast Company’s Most Innovative Companies named Israel’s SolarEdge one of the world’s 10 Most Innovative Companies in Energy for 2010.

SolarEdge Technologies is an innovative provider of distributed solar power harvesting and PV monitoring solutions.

SolarEdge was selected for its unique and innovative approach to boosting PV system output. SolarEdge’s system, which incorporates a multi-string solar inverter, PowerBoxesTM which are per-module power optimizers, and module-level solar monitoring software, enables cost-efficient production of up to 25 percent more energy from any PV installation.

The company attracted $23 million in funding last year, including an investment from GE Energy Financial Services. It works with industry-leading partners such as BP Solar, Schott Solar and Isofoton, to embed its technology into photovoltaic panels to increase their power output.

“… We appreciate Fast Company validating the strength and innovation behind SolarEdge’s technology as well as our ability to execute on the company’s promise,” says Guy Sella, CEO, Chairman and founder of SolarEdge.

Fast Company is an award-winning monthly magazine, website, and digital distribution platform covering the business of innovation. Its editorial team analyzed information on thousands of businesses across the globe, striving to identify creative models and progressive cultures.