Thursday, November 24, 2011

Leading Chinese PV module manufacturer to bundle PARALEX inverter for US market

TORONTO, CANADA: Sustainable Energy Technologies Ltd has reached an agreement with a leading Chinese PV module manufacturer, which is targeting more than 250MW of production capacity for 2012, to bundle PARALEX inverters with its high efficiency solar modules and distribute the bundle to the solar installer community in the U.S.
Under this non-exclusive agreement, Sustainable Energy will also collaborate to market the value of the parallel system architecture as well as providing system design and technical support.

"This agreement once again proves the demand for PARALEX. We believe that the majority of solar PV systems for residential and small commercial systems will be "kitted" to reduce transaction costs and generally reduce the overall complexity of the installation by eliminating custom engineering.

"PARALEX simplifies distribution and system planning by enabling a standardized bundle which can be adapted on site to accommodate variations in site conditions and system sizes. Early market response for to the value added by PARALEX has been positive and securing OEM partners like this is a priority for our sales team," said Michael Carten, CEO of Sustainable Energy Technologies.

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