SolarEdge Technologies reports developments in smart energy technology, including its DC-optimized inverter systems for photovoltaic installations and related storage, EV charging, battery and grid services solutions. Company updates commonly cover quarterly results, revenue drivers tied to inverters, power optimizers and batteries for PV applications, and product launches for residential, commercial and industrial solar-plus-storage systems.
Recurring SolarEdge news also includes geographic commercialization of platforms such as SolarEdge Nexis, expansion of commercial storage offerings in Europe and Asia, and corporate governance changes involving senior finance leadership. The company sells through solar installers, distributors, electrical equipment wholesalers, and engineering, procurement and construction firms serving residential, commercial and small utility-scale solar markets.
SolarEdge Technologies (SEDG) has been selected by Rutgers University for an agrivoltaics research program in New Jersey. The initiative aims to explore the potential of combining agricultural production with solar energy generation on the same land. The research will support the New Jersey Board of Public Utilities' (NJBPU) Dual-Use Solar Energy Pilot Program, a three-year, 200 MW project. The program involves multiple stakeholders, including the New Jersey Department of Agriculture and the State Agricultural Development Committee. Key study sites will evaluate different mounting methods of solar panels to assess their impact on agriculture and energy production. SolarEdge’s technology will be used for measuring energy output. The results will inform a permanent Dual-Use Solar Program in New Jersey, offering a sustainable solution for farmers facing rising energy costs and climate change challenges.
SolarEdge Technologies has appointed Shuki Nir as the new Chief Marketing Officer (CMO). Nir, with extensive leadership experience from his tenure at SanDisk and board roles at Kornit Digital and IronSource, will replace Yogev Barak, who served as CMO for 3.5 years. CEO Zvi Lando expressed optimism about Nir's ability to enhance the company's brand value, enter new market segments, and expand the product portfolio. During Barak's tenure, SolarEdge saw significant growth and built a robust global marketing team.
SolarEdge Technologies announced the pricing of a $300 million private offering of 2.25% Convertible Senior Notes due 2029. The notes are being offered to qualified institutional buyers under Rule 144A. An additional $45 million may be purchased within a 13-day option. The notes, bearing interest payable semiannually, will mature on July 1, 2029. The initial conversion rate is 29.1375 shares per $1,000 principal amount, with a conversion price of $34.32 per share, a 30% premium over the last reported price.
The net proceeds, estimated at $293.2 million, will partially fund capped call transactions to mitigate dilution upon conversion. Remaining funds will repurchase part of the 0.000% Convertible Notes due 2025 and for general corporate purposes. The capped call transactions could reduce dilution and offset cash payments exceeding the principal amount. These transactions might also affect SolarEdge's stock price due to hedge adjustments by option counterparties.
SolarEdge Technologies (Nasdaq: SEDG) announced a proposed private offering of $300 million in Convertible Senior Notes due 2029. The offering, subject to market conditions, includes a 13-day option for initial purchasers to buy an additional $45 million in Notes. These Notes will be senior, unsecured obligations and convertible into cash, SolarEdge common stock, or a combination thereof. Net proceeds will be used for capped call transactions, redeeming a portion of 0.000% Convertible Notes due 2025, and for general corporate purposes. The offering aims to minimize dilution and optimize cash payments exceeding the principal amount of converted Notes. The Notes and common stock issuable upon conversion will not be registered under the Securities Act and are to qualified institutional buyers.
SolarEdge Technologies, a leading smart energy technology company, has launched its high-power SolarEdge TerraMax™ Inverter paired with H1300 Power Optimizers in Germany, targeting small-to-medium utility scale PV installations and dual-use sites.
The SE300K1 inverter, now certified and available for order, offers advanced Module Level Power Electronics (MLPE) benefits, high-precision module-level monitoring, and PV fleet management. The inverter boasts 99% efficiency, supports 200% DC-oversizing, and includes an integrated night-time PID rectifier.
The solution supports up to 80-module string lengths, reducing balance of system (BoS) costs by up to 50%, and features pre-commissioning for early system validation. This launch aims to optimize energy production and offer design flexibility for various site conditions, enhancing value for investors and EPCs.
SolarEdge Technologies (NASDAQ: SEDG) unveiled its next-generation residential solar+storage portfolio at Intersolar 2024. The new product line includes a three-phase solar inverter and a dedicated home battery for European markets, anticipated for release in the second half of 2025. The inverter, with up to 20kW power capacity, utilizes Silicon Carbide (SiC) switches to reduce its size and weight while boosting efficiency. The modular battery system supports flexibility and scalability, optimizing performance independently for each module. The system also aims to simplify installation and servicing processes, while offering enhanced energy management capabilities and extended backup power.
SolarEdge Technologies announced the global rollout of SolarEdge ONE for C&I, an advanced energy optimization software platform aimed at Commercial and Industrial (C&I) applications. The platform will be available in the coming months and is designed to manage energy production, storage, and consumption automatically.
SolarEdge ONE for C&I offers real-time data analytics for intelligent decision-making, advanced PV monitoring, and fleet management tools. The platform will minimize downtime and reduce site visits with features like remote troubleshooting and live alerts.
The platform integrates various energy assets, including PV, storage, EV chargers, and building systems, providing a single ecosystem for energy management. Developed using SolarEdge's expertise and recent acquisitions, the solution aims to maximize energy savings and support businesses in their energy transition.
SolarEdge Technologies announced the appointment of Ariel Porat as Senior Vice President of Finance, succeeding Ronen Faier as CFO. Faier, who has served as CFO since December 2010 and played a important role in the company's IPO, will step down after a three-month transition period but remain to assist with the transition and strategic projects. Porat, formerly Head of Europe Region for Siemens Energy, brings over a decade of leadership and finance experience in various global corporations, including TEVA Pharmaceuticals and Siemens AG. CEO Zvi Lando highlights Porat's expertise in accelerating the energy transition.
SolarEdge Technologies announced the availability of its dynamic rate optimization capability for homeowners in Germany using dynamic rate plans. These plans are set to be mandatory by 2025 to support the clean energy transition. The dynamic rate optimization is part of the SolarEdge ONE AI-based energy system, compatible with most existing SolarEdge inverters and batteries. This system autonomously optimizes energy production and consumption by integrating with day-ahead electricity markets and using predictive AI algorithms. The goal is to maximize savings by making real-time decisions based on weather forecasts, utility rates, home consumption patterns, and solar production.
SolarEdge Technologies has released its 2023 Sustainability Report, highlighting significant advancements in ESG (Environment, Society, Governance).
Key achievements include avoiding 40 million metric tons of CO2e annually via SolarEdge PV systems, equivalent to removing 9.6 million gasoline cars from roads.
Additionally, over 3.4 million homes and over 50% of Fortune 100 companies use SolarEdge technology.
The company earned high sustainability ratings, including a Silver medal from EcoVadis and placement in the top 10% of ISS ESG ratings for the Electronic Components sector.
SolarEdge also featured in the 2024 Corporate Knights list of the top 100 sustainable corporations globally.
All R&D and manufacturing sites are ISO certified, and employees contributed over 2,300 volunteer hours in 2023.