RE+ 2023: SolarEdge Launches its Most Powerful Ground-Mount Solution, Targeting U.S. Community Solar and Small-Medium Utility
September 12 2023 - 7:30AM
Business Wire
New solution now available for orders
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ:
SEDG), a global leader in smart energy technology, today announced
the U.S. launch of its new high-power, three-phase SolarEdge 330kW
Inverter and its complementing H1300 Power Optimizer for community
solar, agri-PV and small-to-medium scale ground mount utility PV
applications.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230912339508/en/
SolarEdge Community Solar installation in
Rhode Island, U.S. (Photo: Business Wire)
The SolarEdge 330kW Inverter lends itself both to distributed
and centralized location topology, in which large-scale 330kW
inverters can be installed in a central location while also
providing SolarEdge’s benefits of Module Level Power Electronics
(MLPE), that include more energy for improved ROI, design
flexibility, advanced safety solutions, as well as module-level
monitoring.
SolarEdge’s new inverter and dedicated Power Optimizer solution
is designed to help lower the Levelized Cost of Energy (LCOE) by
yielding more energy production over the system’s lifetime through
99% inverter efficiency, 200% DC-oversizing and an integrated PID
rectifier. A lower LCOE can be achieved by reducing Balance of
System (BoS) costs by up to 50% with fewer and longer strings.
With the majority of site issues traditionally occurring in the
DC array, SolarEdge’s technology provides continuous and granular
visibility to achieve higher uptime and lower operation and
maintenance costs.
Zvi Lando, Chief Executive Officer of SolarEdge,
commented: “We are pleased to bring the benefits of power
optimization and high-resolution monitoring to the utility solar
segment with the introduction of our new high-power SolarEdge 330kW
Inverter. With the industry seeking solutions that improve both
scalability and economics for community solar, we anticipate that
DC-optimization will be critical to maximizing ROI and bringing
value to investors.”
With the design flexibility to overcome module mismatch and
shading losses on uneven and irregular terrains, the new solution
is well-suited for the rapidly growing community solar market. For
developers, this presents more options for finding and utilizing
sites that qualify for IRA tax incentives (Energy Communities and
Low-Medium Income bonus credit incentives). The new solution can
also reduce the need for site grading, thus helping to conserve
resources.
The SolarEdge 330kW Inverter is now available for orders in the
U.S. for projects with installations scheduled for 2024 and beyond,
and is expected to be gradually available for orders in additional
regions later this year. The technology will be on display at the
SolarEdge RE+ Booth #3311.
About SolarEdge
SolarEdge is a global leader in smart energy technology. By
leveraging world-class engineering capabilities and with a
relentless focus on innovation, SolarEdge creates smart energy
solutions that power our lives and drive future progress. SolarEdge
developed an intelligent inverter solution that changed the way
power is harvested and managed in photovoltaic (PV) systems. The
SolarEdge DC optimized inverter seeks to maximize power generation
while lowering the cost of energy produced by the PV system.
Continuing to advance smart energy, SolarEdge addresses a broad
range of energy market segments through its PV, storage, EV
charging, batteries, electric vehicle powertrains, and grid
services solutions. Visit us at: solaredge.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230912339508/en/
PR Contacts Lily Salkin, Global Media & PR Manager
Lily.salkin@solaredge.com
Dana Noyman, Head of Corporate Communications & PR
dana.noyman@solaredge.com
Investor Contact JB Lowe, Head of Investor Relations
investors@solaredge.com
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