Middle East

SolarEdge has reported record revenue in its latest three-month update and expects to have even more business in the second quarter, even if gross margin and profit has declined.

The company currently has a manufacturing capacity of 110 MW, which is planned for expansion to 1 GW by 2023.

StoreDot is opening the facility with the hope that the additional research and development capacity will allow the company to commercialize its battery products by 2024.

Also starting up: Watts Battery joins accelerator program, and an autonomous solar plane with a wingspan larger than a 747 takes flight.

Researchers tested solar panel cooling technologies and found that active techniques work better than passive ones under harsh climatic conditions.

The record low price was offered for the 600 MW Al Shuaiba PV IP project, which competed in the second round of the country’s procurement scheme for renewable energy.

Full-year revenues nudged up despite tough comparisons with the end of 2019 for the final quarter of last year. The inverter maker expects to log revenues of $385-405 million in the current three-month window.

Yotta Energy just won seed funding to install batteries under solar modules — in an architecture analogous to microinverters and optimizers.

Despite the pandemic, residential solar growth continues. Commercial solar, always the problem child, is having trouble coping with the virus.

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.”