SolarEdge Technologies

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SolarEdge Technologies, Inc. (Nasdaq: SEDG) is a leading global provider of smart energy technology. Founded in 2006, the company pioneered the concept of DC optimized inverter systems for solar photovoltaic (PV) installations. SolarEdge's intelligent inverter solution maximizes power generation while lowering the cost of energy produced by PV systems. In fiscal year 2022, the company reported annual revenue of USD 2.5 billion.

SolarEdge's core products include power optimizers, solar inverters, and monitoring systems for PV arrays. Power optimizers are DC-to-DC converters that connect to each solar panel, enabling individual panel monitoring and performance optimization. The company's inverter portfolio includes single-phase and three-phase string inverters for residential, commercial and utility-scale solar installations. SolarEdge also offers energy storage solutions, EV chargers, and smart energy management software. The power optimizer and inverter system allows for flexible designs, increased energy yield, and enhanced safety features compared to traditional string inverters.

In recent developments, SolarEdge has been expanding its manufacturing capacity in the US to take advantage of Inflation Reduction Act incentives. The company expects to ship over 30,000 US-made inverters in Q1 2024. SolarEdge is also investing in next-generation technologies, including a new residential battery planned for release in the first half of 2024. While facing some near-term headwinds from high channel inventories, particularly in the US market, SolarEdge remains optimistic about long-term growth driven by increasing solar adoption globally and the shift toward more advanced energy management solutions.

HQ Location:
2 Piazza Meucci, Umbertide Herzliya ISR
Founded year:
2006
Employees:
5,001-10,000
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