Articles from SolarEdge Technologies, Inc.

SolarEdge Technologies Inc. (NASDAQ: SEDG), a global leader in smart energy technology, today announced it is now shipping the new SolarEdge Home Battery 'USA Edition', completing its comprehensive portfolio of domestically manufactured solar and storage products designed to qualify for the Domestic Content Bonus Credit as currently guided by the U.S. Department of Treasury and the Internal Revenue Service.i

SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (Nasdaq: SEDG), a global leader in smart energy technology, today announced the appointment of Mr. Shuki Nir as the Company’s new Chief Executive Officer (CEO), effective immediately. Mr. Nir, who has served as SolarEdge’s CMO since June 2024, will succeed Mr. Ronen Faier, who has served as the Company’s Interim CEO since August 2024. Mr. Faier will stay on with the Company as an advisor during a transition period to ensure a seamless leadership transition. Mr. Nir is also replacing Mr. Zvi Lando as a member of the Board of Directors.

SolarEdge Technologies Inc. ("SolarEdge") (NASDAQ: SEDG), a global leader in smart energy technology, announces that its first commercial storage system for the German market is now available for order. Coupled with SolarEdge’s solar inverter and power optimizer solution, the new ‘CSS-OD’ battery offers commercial businesses a tightly integrated, high-efficiency solar and storage solution to maximize the economics of solar self-consumption.

SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today that as part of its focus on its core solar activities, it will cease all activities of its Energy Storage division. This decision will result in a workforce reduction of approximately 500 employees, most of whom are in South Korea. The expected quarterly operating expenses savings due to the closure are approximately $7.5 million with the full run rate expected to be achieved by the second half of 2025. The Company intends to sell the assets related to the storage division activities including its manufacturing facilities for battery cells and packs. This does not impact the solar business sale of batteries for residential and C&I markets.

SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the third quarter ended September 30, 2024.

SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced that the Board of Directors (the “Board”) has elected Avery More as Chairman of the Board of Directors, replacing Nadav Zafrir, who will remain on the Board.

SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced it closed its first transaction for the sale of §45X Advanced Manufacturing Production Tax Credits in consideration for approximately $40 million, net of discounts and fees. The Credits were generated by sales of eligible, U.S. made, inverters in the first half of 2024.

SolarEdge Technologies, Inc. (NASDAQ: SEDG), a global leader in smart energy technology, welcomes the U.S. Department of the Treasury’s release of final rules for the Advanced Manufacturing Production Tax Credit. Section 45X supports the Company’s rapid expansion of U.S. manufacturing capabilities, with two facilities now operational and producing inverters and power optimizers.

SolarEdge Technologies, Inc. (“SolarEdge” or “the Company”) (NASDAQ: SEDG), a global leader in smart energy technology, today announces that its portfolio of PV inverters has achieved early certificationi and compliance with the European Commission’s New Radio Equipment Directive (RED) Article 3.3 requirements for cyber security.

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, will report financial results for the third quarter ended September 30, 2024 after market close on Wednesday, November 6, 2024. Management will host a conference call at 4:30 P.M. ET on Wednesday, November 6, 2024 to discuss these results.

SolarEdge Technologies Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, demonstrates new capabilities of SolarEdge ONE for C&I cloud-based energy optimization platform for commercial and industrial solar applications at RE+ North America.

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today unveiled its next-generation single-phase solar + storage solution at RE+. The new residential offering will integrate a scalable battery and a new solar inverter up to 11.5kW to provide highly flexible whole home backup to fit various types of home across the US.

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced that Zvi Lando has stepped down as SolarEdge’s Chief Executive Officer. The Company's Board of Directors has initiated a search for a new CEO with the support of a leading global executive search firm, and has appointed Ronen Faier, previously Chief Financial Officer, to serve as Interim Chief Executive Officer, effective today. Zvi Lando will remain a member of the Board of Directors. He will also serve as an advisor to the management team to support the leadership transition.

SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the second quarter ended June 30, 2024.

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today that Italian luxury fashion house TOD’S has expanded its deployment of solar energy with SolarEdge rooftop installations on its headquarters and its manufacturing facility in the Marche region, Italy, totaling 740 kWp.

Global clean tech leaders Kraken Technologies and SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG) are today announcing a strategic partnership to unlock low-cost, green energy for SolarEdge Home Battery customers around the world.

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, will report financial results for the second quarter ended June 30, 2024 after market close on Wednesday, August 7, 2024. Management will host a conference call at 4:30 P.M. ET on Wednesday, August 7, 2024 to discuss these results.

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announces the Italian launch of its high-power SolarEdge TerraMax™ Inverter combined with H1300 Power Optimizers. The new SE330K inverter has received certification1 and is now available for order in Italy.

SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG), a global leader in smart energy technology, announced today that it has reached significant milestones in the Company’s U.S. manufacturing strategy, driven by the incentives offered by the Inflation Reduction Act (IRA) of 2022.

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced that its technology has been selected by Rutgers, the State University of New Jersey, as part of an innovative research and demonstration program to explore the potential of dual use agrivoltaics (the combination of agricultural production and solar energy generation simultaneously on the same land) for farmers across the state.

SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (Nasdaq: SEDG), a global leader in smart energy technology, announced today the appointment of Mr. Shuki Nir as the Company’s new Chief Marketing Officer (CMO).

SolarEdge Technologies, Inc. (Nasdaq: SEDG) (“SolarEdge”) today announced the pricing of $300 million aggregate principal amount of 2.25% Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the Offering, SolarEdge has granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the Notes on the same terms and conditions. The sale of the Notes to the initial purchasers is expected to settle on June 28, 2024, subject to customary closing conditions.

SolarEdge Technologies, Inc. (Nasdaq: SEDG) (“SolarEdge”) today announced its intention to offer, subject to market conditions and other factors, $300 million aggregate principal amount of Convertible Senior Notes due 2029 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the Offering, SolarEdge expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the Notes on the same terms and conditions.

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announces the German launch of its high-power SolarEdge TerraMax™ Inverter combined with H1300 Power Optimizers. The new SE300K1 inverter has received certification and is now available for order in Germany.

SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today unveiled at Intersolar 2024 its next-generation three-phase solar inverter and dedicated home battery for the European residential market – expected to be available in the second half of 2025.