SolarEdge and LG Electronics Join Forces to Provide New Solar Modules for the North American Market
September 11 2017 - 9:00AM
Business Wire
Two PV powerhouses to offer industry-leading
smart module solution
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ:SEDG), a
global leader in PV inverters, power optimizers and module-level
monitoring services, and solar panel leader LG Electronics USA are
debuting a joint smart module targeting the high-end residential
and commercial PV rooftop markets in North America. On display at
the 2017 Solar Power International trade show, the smart module
solution, the first from the two powerhouses, is one of the most
power-dense rooftop offerings on the market. It includes both
add-on and embedded power optimizer options for both commercial and
residential systems.
“The PV industry is moving rapidly toward module-level power
optimization to meet the cost, safety and performance requirements
of the market. Adding the SolarEdge solution to our product
portfolio will help us better serve our customers,” stated Stephen
Hahm, Vice President and Head of LG Electronics USA’s Energy
Solutions Business. “We put utmost priority on listening to the
market and delivering the strongest products and partnerships to
our customers.”
“This joint offering represents a powerful step towards
SolarEdge’s vision of all PV systems benefitting from module-level
optimization,” stated Peter Mathews, SolarEdge’s North America
General Manager. “Joining forces with a market leader like LG
further solidifies the leading role of power optimizers in the MLPE
sector.”
The package combines SolarEdge’s inverters with LG’s NeON® R
modules (with module efficiency up to 21.1%), P370 and P800 power
optimizers for residential and commercial installations
respectively, as well as free module-level monitoring. Benefits
include no power clipping, increased efficiency, flexible array
design and a multitude of racking options.
LG’s NeON® R series offer an industry-leading 25-year complete
coverage warranty, giving homeowners a hassle-free asset for the
lifetime of the system. With enhanced design aesthetics, the
modules feature a back contact technology. The residential version
is compatible with SolarEdge’s HD-Wave inverters, StorEdge
solution, and Inverter-Integrated EV chargers. The module-level
monitoring can be easily connected through hardwired internet or a
cellular network. The solution complies with the latest safety
standards, such as NEC 2017, and smart-inverter protocols, for
example Rule 21.
The LG NeON R modules with add-on power optimizers are available
now, and the smart module will be introduced at a later date.
About SolarEdge Technologies
SolarEdge provides an intelligent inverter solution that has
changed the way power is harvested and managed in solar
photovoltaic systems. The SolarEdge DC optimized inverter system
maximizes power generation at the individual PV module-level while
lowering the cost of energy produced by the solar PV system.
Supporting increased PV proliferation, the SolarEdge system
consists of power optimizers, inverters, smart energy management,
and a cloud-based monitoring platform. SolarEdge’s solutions
addresses a broad range of solar market segments, from residential
solar installations to commercial and small utility-scale solar
installations. SolarEdge is online
at http://www.solaredge.us.
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version on businesswire.com: http://www.businesswire.com/news/home/20170911005269/en/
SolarEdge TechnologiesDanya Golan, +972-52-6263348Senior
Director of Marketingdanya.golan@solaredge.comorLG Electronics
USAKim Regillio, 847-941-8184kim.regillio@lge.com
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