SolarEdge to Invest in German Software Start-Up Aiming to Decarbonize the Multi-Dwelling Sector
March 07 2024 - 9:02AM
Business Wire
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a
global leader in smart energy technology, today announced that it
has signed an agreement to invest in and partner with AMPEERS
ENERGY (“AMPEERS”), a German based software start-up that designs
and operates solutions for decarbonizing entire portfolios of
multi-dwelling buildings and serves a broad spectrum of real estate
companies across Germany and Austria.
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the full release here:
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Illustration of solar installation on
German multi-dwelling unit (Photo: AMPEERS ENERGY)
By pairing SolarEdge’s proven solar and smart energy portfolio
with the AMPEERS platform, this partnership is designed to combine
technology, software and services to create a new all-inclusive
photovoltaic tenant electricity solution. The offering is expected
to provide real estate companies with a holistic solution for a
climate-neutral building portfolio, which includes the planning,
implementation and financing options for solar and storage
generation, tenant electricity billing solutions, EV charging
infrastructure and new heating technologies. The solution is
designed to provide landlords and tenants with the economic
benefits of optimized on-site solar generation and enable a faster
and simpler installation of photovoltaic and tenant electricity
solutions in real estate portfolios.
The inherent benefits of SolarEdge’s advanced solar technology
such as built-in safety features, maximized energy yield, design
flexibility and reduced operational and maintenance costs play a
key role for multi-dwelling buildings that typically have limited
roof space and access.
SolarEdge’s investment and partnering with AMPEERS is a
strategic step that aims to capitalize on legislative changes1 in
tenant electricity models in Germany, and can provide a new avenue
to address the multi-dwelling market across Europe.
Zvi Lando, CEO, SolarEdge Technologies, said: "More than
half2 of the population in Germany live in multi-dwelling apartment
buildings, most of them under a leasing contract. Until recently
this meant they had less access to clean solar energy in comparison
with those who own a private home. By providing holistic and smart
energy solutions to real estate companies together with AMPEERS, we
hope to help increase the accessibility of decarbonization and
economic benefits provided by solar to more people across the
country.”
Dr. Karsten Schmidt, CEO and co-founder of AMPEERS
ENERGY, said: "SolarEdge stands at the forefront of smart
renewable energy technologies. This collaboration is centered
around a holistic approach that combines technology, software and
services. We are focused on providing residential portfolios with a
scalable PV tenant electricity solution, embedded into an overall
carbon strategy. This comprehensive package streamlines the process
for housing companies to swiftly and cost-effectively adopt a
climate-positive energy supply.”
The investment is subject to certain customary closing
conditions and regulatory approvals and is expected to be finalized
during the first half of 2024.
About AMPEERS Energy
AMPEERS ENERGY is the preferred partner of the real estate
industry when it comes to achieving a climate-positive energy
supply. AMPEER ENERGY assists housing companies in promptly
achieving a carbon-neutral portfolio while ensuring long-term
economic viability. With its software-as-a-service platform,
AMPEERS ENERGY efficiently oversee the entire decarbonization
process, from emissions analysis to identifying necessary
modernization measures, system installation, and ongoing technical
and economic management.
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
_________________________________ 1 “Solar Package” legislation
in Germany, upcoming in 2024:
https://www.bmwk.de/Redaktion/DE/Downloads/Gesetz/20230816-entwurf-eines-gesetzes-zur-aenderung-des-erneuerbare-energien-gesetzes.html
2 According to the German Federal Statistical Office:
https://www.destatis.de/DE/Presse/Pressemitteilungen/2023/07/PD23_297_31231.html#:~:text=Von%20den%2043%2C4%20Millionen,Mehrfamilienh%C3%A4user%20aus%206%2C7%20Wohneinheiten
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version on businesswire.com: https://www.businesswire.com/news/home/20240307972800/en/
Press Contact SolarEdge Technologies, Inc. Lily Salkin
Global Public and Media Relations Manager
Lily.salkin@solaredge.com
SolarEdge Technologies, Inc. Dana Noyman Head of Corporate
Communications and Global PR dana.noyman@solaredge.com
Investor Contact JB Lowe Head of Investor Relations
investors@solaredge.com
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