Electrical Business

PV Powered receives financial commitment

July 19, 2009
By Anthony Capkun

PV Powered Inc., an American maker of grid-tied photovoltaic solar inverters, has received a multi-million-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 funding could result in doubling or even tripling PV Powered’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,” said Mark
Fleischauer, a principal of Evans.

The Evans investment 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.

CLICK HERE for PV Powered.


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