SolarEdge Unveils New Smart StorEdge Solutions at Intersolar

MUNICH & HERZLIYA, Israel–(BUSINESS WIRE)–SolarEdge
Technologies
, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in
smart energy, announced today that it will be expanding its StorEdge
solution
with the launch of new inverters optimized for the combined
management of solar, storage, and home energy. The company will also
preview its own commercial and residential batteries to complement its
smart solar energy portfolio.

The StorEdge expansion will include three new additions to the solution
portfolio. In June of 2019, SolarEdge will introduce to the market a single
phase inverter with HD-Wave technology
that integrates the
management of solar, storage, and home energy into one inverter. The
combination of all of these functions into one inverter will simplify
installation, improve system RoI, and increase self-consumption. A
second enhancement to StorEdge is the planned addition of a three phase
inverter that can be DC coupled to one or more 48V batteries to support
the growing European solar-plus-storage residential market. The third
addition to be showcased at InterSolar are the SolarEdge commercial and
residential batteries, which will be added to the StorEdge offering in
order to provide a comprehensive storage solution. Committed to
providing flexible solar-plus-storage installation options, SolarEdge
batteries are expected to be available worldwide in the beginning of
2020 and the company will continue to support StorEdge’s compatibility
with multiple battery vendors.

“As the evolving solar energy market focuses on increasing
self-consumption and grid stabilization, PV-plus-storage solutions are
becoming a critical factor in the proliferation of smart solar energy
ecosystems,” stated Lior Handelsman, SolarEdge’s VP of Marketing and
Product Strategy, Founder. “By expanding StorEdge and adding batteries
to SolarEdge’s core offering, we will provide a seamless energy
experience for both installers and system owners.”

The addition of commercial and residential batteries to its StorEdge
offering will allow SolarEdge to offer an end-to-end, compatible storage
solution that fully synchronizes PV, battery, and site-level energy
management. The Li-Ion, high-voltage NMC batteries will offer energy
management by stacking multiple value streams, including demand
management (peak shaving), both site-level and aggregated
self-consumption maximization, ancillary services, tariff optimization
(ToU), in addition to supporting micro-grid applications. As the
batteries are designed for full compatibility with StorEdge, the
planning, design, installation, service and warranty process are
designed to be significantly simplified. The batteries will be able to
be either AC or DC coupled with StorEdge, with DC coupling allowing for
superior efficiency and PV oversizing.

About SolarEdge:

SolarEdge is a global leader in smart energy technology. By leveraging
world-class engineering capabilities and with a relentless focus on
innovation, SolarEdge creates smart energy solutions that power our
lives and drive future progress. SolarEdge developed an intelligent
inverter solution that changed the way power is harvested and managed in
photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to
maximize power generation while lowering the cost of energy produced by
the PV system. Continuing to advance smart energy, SolarEdge addresses a
broad range of energy market segments through its PV, storage, EV
charging, batteries, UPS, and grid services solutions. SolarEdge is
online at solaredge.com

Contacts

SolarEdge Technologies
Jessica Fishman
Public and Media
Relations Director
[email protected]
+972-523958445

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