SolarEdge Begins Shipment of New Battery Cell Line for Stationary Energy Storage Applications
January 17 2023 - 10:00AM
Business Wire
SolarEdge battery cells are manufactured at
Sella 2, the Company’s new battery cell manufacturing facility in
South Korea
SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”)
(NASDAQ: SEDG), a global leader in smart energy technology,
announced today that its Energy Storage division has begun shipping
new battery cells designed for stationary Energy Storage
applications.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230117005567/en/
Sella 2, SolarEdge's new battery cell
manufacturing facility in South Korea
The new line of Nickel Manganese Cobalt (NMC) pouch cells,
manufactured at Sella 2, the Company’s new battery cell
manufacturing facility in South Korea, has been optimized for
energy storage applications for the residential, commercial and
utility scale segments. The cells support high cycle life (up to
8000 cycles), high energy density, high-power throughput and a wide
temperature range without compromising operational life, enabling
SolarEdge to provide battery solutions that support a broad range
of use cases, including demanding grid-stability applications.
Ronen Faier, SolarEdge Chief Financial Officer and General
Manager of SolarEdge Energy Storage division, commented: “The
global stationary storage market is estimated to grow from
approximately 45GWh in 2022 to 164GWh by 2030 and SolarEdge is
focused on supporting this critical segment. Owning key processes
and cell chemistries will allow us to further secure the resilience
of our supply chain and provides us with the flexibility to produce
cells optimized for various energy storage solutions.”
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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230117005567/en/
Press Contact SolarEdge Technologies, Inc. Lily Salkin
Global Public and Media Relations Manager Lily.salkin@solaredge.com
+972-522028240
SolarEdge Technologies, Inc. Dana Noyman Head of Corporate
Communications and Global PR dana.noyman@solaredge.com +972 54 999
8809
SolarEdge Technologies (NASDAQ:SEDG)
Historical Stock Chart
From Jun 2024 to Jul 2024
SolarEdge Technologies (NASDAQ:SEDG)
Historical Stock Chart
From Jul 2023 to Jul 2024