SolarBridge, backed by corporate venturing units Constellation Technology Ventures and Shea Ventures, had raised over $100m in venture funding.

Solar installation company SunPower acquired US-based solar microinverter company SolarBridge Technologies yesterday for an undisclosed price, providing an exit to backers including energy company Exelon and home builder JF Shea.

SolarBridge provides microinverter technology for use in rooftop solar modules, enabling them to be directly installed and eliminating the need for additional components.

Tom Werner, SunPower’s chief executive, said: “SunPower’s acquisition of SolarBridge and its high performance microinverter technology will allow us to develop a differentiated product specifically optimised for…