$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.
No more tariff-free modules from Turkey
U.S. President Donald Trump has removed Turkey from the list of developing nations not subject to Section 201 tariffs on PV cells and modules.
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.
Rise of bifacial lifts profits for the world’s tracker companies
Things are hotting up in the tracker world as the desire to squeeze down the price per Watt of solar power intensifies. And the rise of the trackers is attracting some well-known businesses to buy their way into the field.
OK Google, what is SolarEdge’s energy vision?
SolarEdge has recently purchased an Italian EV system manufacturer, a South Korean battery maker, an Israeli UPS producer, internally developed a virtual power plant grid service, and now they’re working with Google to integrate energy management tools into Google Assistant.
Caterpillar, SunPower team up on CAT-branded solar
Caterpillar-branded SunPower modules will be available in Southeast Asia, Africa, South America, and the Middle East – but not yet the United States.
SolarEdge readying home energy storage product, breaks 1 GW shipped
In a slow global solar market, SolarEdge grew total shipments 44% year-over-year, expanded its presence in the C&I market, and grew global sales. Margins did slip, and growth rates were slower.
SolarEdge charges into storage market with Kokam acquisition
The power electronics maker will buy 75% of Kokam’s shares for $88 million, with an intent to acquire the remainder thereafter. Strategic company acquisitions and close partnerships are characterizing this year’s inverter market, as companies seek to diversify and integrate storage systems and other technologies.
