SolarEdge Introduces Solar-Attached EV Management Solution for the Commercial and Industrial Segment
June 05 2023 - 7:00AM
Business Wire
SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”)
(NASDAQ: SEDG), a global leader in smart energy technology, today
announced the launch of a solar-attached Electric Vehicle (EV)
management solution for the Commercial and Industrial (C&I)
segment.
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the full release here:
https://www.businesswire.com/news/home/20230605005424/en/
EV charging management solution (credit:
SolarEdge)
The new software-based solution, which further expands
SolarEdge’s growing suite of C&I-focused products and software,
manages and optimizes the EV charging process for sites that
require dynamic load management and have large quantities of EVs,
such as apartment buildings, workplaces and public charging
locations. Built on advanced AI-based predictive algorithms, the
solution incorporates real-time data analytics and considers solar
production, dynamic electricity prices and tiered charging
schedules. By integrating seamlessly with SolarEdge’s energy
management system, this new offering orchestrates and optimizes
interactions between facility solar generation, stationary battery
storage and large-scale EV charging, taking into account grid and
infrastructure limitations.
The EV charging management solution is powered by technology
developed by Wevo Energy (“Wevo”), a startup specializing in EV
charging optimization and management software, in which SolarEdge
is an investor.
“As more companies are taking active measures to electrify their
car fleets, combining solar PV and EV charging is a cost-effective
and sustainable way to manage these fleets,” said Zvi Lando, CEO
of SolarEdge Technologies. “We believe SolarEdge C&I PV
solutions, combined with Wevo's advanced EV charging management
capabilities, will help businesses use energy more economically and
sustainably.”
"Wevo’s solution is already deployed at thousands of parking
spaces globally. The combination of Wevo’s software with
SolarEdge's leading PV solution and market presence will enable the
accelerated deployment of load-balanced EV charging
infrastructure," said Teddy Flatau, CEO of Wevo Energy.
SolarEdge will showcase the new solar-attached C&I EV
charging solution and Wevo Energy’s software at Intersolar Booth
B4. 110. It will initially be launched in Germany and the UK, with
plans to expand to other markets quickly.
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
About Wevo Energy
Wevo Energy was founded in 2021 to bring simple, efficient, and
cost-effective EV charging to the most energy-demanding
environments. Since then, it has gained a reputation for its
AI-powered, energy management capabilities and simplicity. Wevo
Energy is electrifying over 5,000 parking spaces globally. This
funding round will allow the company to continue its mission and
bring its innovative EV charging platform to larger audiences. For
more information about Wevo Energy and its EV charging platform,
please visit www.wevo.energy.
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version on businesswire.com: https://www.businesswire.com/news/home/20230605005424/en/
Investor Contact JB Lowe, Head of Investor Relations
investors@solaredge.com
Press Contact Lily Salkin Global Public and Media
Relations Manager Lily.salkin@solaredge.com
Dana Noyman Head of Corporate Communications and Global PR
dana.noyman@solaredge.com
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