SolarEdge
| SolarEdge Technologies, Inc. | |
|---|---|
| |
| Founded | 2006 |
| Headquarters | Herzliya, Israel |
| Industry | Renewable energy |
| Area Served | Worldwide |
| Key People | Zvi Lando (CEO) |
| Market Capital | $4.69 billion (2023) |
| Annual Revenue | $3.66 billion (2023) |
| Operating Income | $207 million (2021) |
| Net Income | $169 million (2021) |
| Total Assets | $4.697 billion (2023) |
| Total Equity | $2.52 billion (2023) |
| Owners | Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest and Amir Fishelov |
| Number of Employees | 5,285 (2023) |
| Website | https://www.solaredge.com/en |
| Social Media | Facebook, Twitter, Linkedin, Youtube |
| Notes | Specializes in DC optimized inverter system. |
Overview
Established in 2006, SolarEdge Innovations has arisen as a spearheading force in the solar energy sector. The organization's process started with the improvement of a groundbreaking DC-optimized inverter system. An outstanding achievement in its creative direction was the effective commercialization of Force Enhancers, an innovation that presented module-level maximum power point tracking (MPPT) and changed solar power systems.
Established by visionaries Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest, and Amir Fishelov, SolarEdge garnered support from prominent venture capital entities, including GE Energy Financial Services, Lightspeed Venture Partners, and Norwest Venture Partners. The company kickstarted mass production in partnership with contract manufacturer Flex at the close of 2009.
In a significant move, SolarEdge went public in March 2015, marking its presence on the NASDAQ Global Select Market. The initial public offering, with 7,000,000 shares at $18.00 per share, raised $126 million. Noteworthy collaborations followed, including a partnership with Tesla Energy in May 2015, aimed at developing an inverter for the Tesla Powerwall home energy storage battery.
SolarEdgs's strategic development continued in 2018, with the aquistition of significant stake in kokam, a south korean leader in lithium-ion battery systems. The company further diversified its portfolio with the majority stake acquisition of SMRE, an Italian EV powertrain manufacturer, in January 2019. The same year witnessed the acquisition of Gamatronic, a UPS manufacturer, establishing the Critical Power division.
In a move reflective of its commitment to advancing technology, SolarEdge announced the acquisition of Hark, a European-based Energy Analytics and IoT Company, in January 2023. These strategic moves have positioned SolarEdge as a multifaceted player in the renewable energy landscape.
Tragically, founder Guy Sella passed away in 2019 after battling cancer. In the wake of this loss, Zvi Lando, former vice president of global sales, assumed the role of CEO, steering the company forward with a vision aligned with its legacy of innovation.
History
SolarEdge's journey began in 2006, driven by the visionaries Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest, and Amir Fishelov. The organization's underlying spotlight was on fostering a DC-optimized inverter system, establishing the groundwork for future developments.
The critical second accompanied the effective commercialization of Force Enhancers, a game-changing innovation that presented module-level MPPT. This approach tended to the restrictions of customary focal inverters, where the whole series of boards was dependent upon the exhibition of the least performing board.
Venture capital played a crucial role in SolarEdge's growth, with support from GE Energy Financial Services, Lightspeed Venture Partners, and others. The year 2009 marked the commencement of mass production, in collaboration with contract manufacturer Flex.
In Walk 2015, SolarEdge transformed the NASDAQ Worldwide Select Market with a first sale of stock of 7,000,000 offers, raising $126 million. This is noticeable a critical achievement in the organization's excursion toward turning into a central member of the sustainable power market.
SolarEdge's obligation to development was obvious in its joint efforts, most remarkably with Tesla Energy in May 2015. The organization pointed toward fostering an inverter for the Tesla Powerwall home energy stockpiling battery, displaying SolarEdge's adaptability in overseeing sunlight-based charger energy transformation and capacity.
The subsequent years saw strategic acquisitions, including a major stake in Kokam, a South Korean provider of Lithium-ion battery solutions, in 2018. In 2019, SolarEdge diversified its portfolio by acquiring SMRE, an Italian EV powertrain manufacturer, and Gamatronic, a UPS manufacturer, establishing its Critical Power division.
Misfortune hit in 2019 with the death of founder Guy Sella. Regardless of this misfortune, SolarEdge stayed tough under the initiative of Zvi Lando, who assumed the job of President. The organization proceeded with its obligation to development, finishing in the 2023 securing of Look, a European-based Energy Examination and IoT Organization, displaying SolarEdge's continuous endeavors to remain at the cutting edge of mechanical headways in the sustainable power area.
Products and Services
1. Power Optimizers: SolarEdge's Power Optimizers stand as a testament to their commitment to efficiency. These small devices, strategically placed behind each solar panel, facilitate module-level maximum power point tracking (MPPT). Unlike traditional central inverters, this approach ensures optimal performance even in challenging conditions, such as shading or adverse weather.
2. Inverters: SolarEdge's inverters play a pivotal role in the energy conversion process. Designed to seamlessly integrate with Power Optimizers, these inverters efficiently convert DC power generated by solar panels into grid-compatible AC power. The result is a streamlined and high-performance solar energy system.
3. Monitoring and Control Platform: SolarEdge goes past simple energy creation with its high-level observing and control stage. This innovation considers constant observation at both the board and framework levels. Clients gain important experiences in energy creation, empowering them to improve execution and investigate issues speedily.
4. Tesla Partnership: In milestone cooperation, SolarEdge collaborated with Tesla Energy to foster an inverter customized for the Tesla Powerwall home energy stockpiling battery. This organization displayed SolarEdge's flexibility in overseeing energy transformation close by the charging and releasing of the Powerwall.
5. Acquisitions for Diversification:
6. Critical Power Division:
7. Energy Analytics and IoT:
EV Home Charger Models
Public Charging Station Models
Contact Information
Phone Number: +97299576620
Email Address: [email protected]
Headquarters: SolarEdge Technologies Ltd. 1 HaMada St., POB 12001, Postal code 4673335, Herzliya, Israel
Official website: https://www.solaredge.com/