SolarEdge stock jumps on Q2 revenue beat and solid earnings — despite Covid-19
SolarEdge was able to keep its streak of profitable quarters going — in what was expected to be a hard-hit quarter for solar. The company sees “signs of recovery in the U.S.”
Morning Brief: Israel has released a plan to spend $23 billion on solar by 2030, one of the largest battery projects in the world gets approval
Also in the brief: As much as $600 billion could be invested in new solar generation between 2021 and 2025 worldwide, Duke Energy is set to construct the company’s first-ever solar facility on a retired landfill site and more.
Solar trade shows after a pandemic: the future is hybrid
Across the industry, organizers are scrambling to find new ways for virtual trade shows to replicate the live networking and business building these events provide — and keep attendees engaged. We speak with the organizers of the trade show once known as SPI, as well as the folks at lntersolar and the event people at SolarEdge.
Lithium-ion storage is here to stay with no ‘post Li-ion’ era in sight
A German-Israeli research group has gathered to discuss which storage technologies may outperform lithium-ion batteries in the future. They concluded that there is no such a thing as a “post Li‐ion” era in sight. They recommended a “side‐by‐side” approach for multiple technologies in different applications, as well as the hybridization of technologies.
SolarEdge reports record revenue, yet Covid looms over residential PV for the next two quarters
Even though the U.S. market is showing some signs of stabilizing, the decline in installation rates in April alone was 33%.
Israel launches 300 MW solar-plus-storage tender
The Israeli government wants a 300-megawatt solar plant linked to large-scale storage in the Negev desert. Construction is planned for late 2021 and completion in 2023.
$1 billion, 1.5 GWac, scaling manufacturing, and 73% growth in Q3 for SolarEdge
The inverter manufacturer met expectations of growth, slowed down 4th quarter projections, talked of ramping Vietnamese and Hungarian facilities, and generally sounded healthy.
Solar pays tribute to founding father of SolarEdge
A tribute to Guy Sella has hailed him as “a brilliant man” and a “revolutionary trailblazer”.
SolarEdge built it, the buyers followed
During the second quarter SolarEdge increased manufacturing capacity by 25% and shipped over 3.7 million optimizers, which totaled over 1.3 GWac. This upped revenue 43% year on year, and company officials say they are highly confident in their even larger projected ~70% Q3 revenue growth.
SolarEdge achieves one million monitored systems
Just two years after reaching 500,000 monitored PV systems, SolarEdge has doubled the mark; one million for anybody keeping score at home.
