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.
History
Products and Services
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/