SolarEdge posts $1.21 billion net loss in Q3
SolarEdge reported $260.9 million in revenue for the third quarter of 2024, down from $725.3 million in the same quarter last year. The Israeli manufacturer also posted an operating loss of more than $1 billion, with 850 MW of inverters and 189 MWh of batteries shipped for PV applications.
SolarEdge acquires EV charging optimization and management startup
Wevo Energy becomes a subsidiary of SolarEdge, and together the companies plan to integrate the Wevo’s software solution into the SolarEdge ONE energy optimization system for the commercial and industrial (C&I) segment.
BlackRock increases stake in SolarEdge to 15.8%
U.S. investment firm BlackRock says it has increased its ownership interest in Israel’s SolarEdge.
First Solar inks 5 GW supply deal with Energix
The thin film solar module provider is now booking orders to 2030.
Morgan Stanley and Santander invest $520 million in solar projects
Two transactions with developer Energix will lead to the construction and operation of six utility-scale solar projects in the United States.
Solar Earnings Recap: SunPower, Sunrun and SolarEdge
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported quarterly or fiscal year earnings over the last week.
Enlight Renewable Energy to go public on Nasdaq exchange
Enlight is a renewable energy developer based in Israel that has an active operational portfolio and development pipeline of 17 GW solar and wind farms plus 15.3 GWh of storage in nine countries, including 17 U.S. states.
SolarEdge ships battery cells to stationary energy storage market
The global inverter and storage manufacturer began shipping NMC pouches from its Sella 2, South Korea production line.
Tigo Energy raises $50 million from L1 Energy
Tigo’s new capital is from L1 Energy, an investment fund of LetterOne (L1), which manages $6 billion in energy investments worldwide.
Novel ice dispatch energy storage systems to be deployed for building decarbonization
Modular cold energy storage projects are in line for a DOE-supported loan for the installation of a 120-building energy storage portfolio in California and various other states.
