SolarEdge Launches SolarEdge ONE Optimization Solution for Homeowners with a Dynamic Rate Plan in the Netherlands
March 28 2024 - 7:30AM
Business Wire
SolarEdge ONE optimization solution is designed
to leverage the advantages of dynamic electricity rates that are
gradually being introduced across Europe
Dynamic rate optimization capability will
gradually be rolled out to additional countries, including Belgium,
Sweden, Poland and Germany
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a
global leader in smart energy technology, today announced the
introduction of its dynamic rate optimization capability for
homeowners with a dynamic rate plan in the Netherlands.
The dynamic rate optimization capability, powered by the
SolarEdge ONE AI-based energy optimization system, is designed to
maximize savings for homeowners with a dynamic rate plan. This
capability works seamlessly with applicable SolarEdge Home
inverters and batteries and is achieved by:
- linking to day-ahead electricity markets.
- developing a personalized 24-hour optimized energy plan for the
home.
- automatically adapting to individual energy needs using
predictive AI algorithms.
- making hundreds of real-time decisions throughout the day based
on weather forecasts, changing utility rates, home consumption
patterns, solar production and homeowner preferences.
Based on these predictions and real-time decisions, SolarEdge
ONE can divert excess PV to prioritized home devices, take
advantage of off-peak pricing to charge a battery, or maximize
feed-in revenue by discharging during peak pricing hours.
Zvi Lando, CEO, SolarEdge Technologies, said: ”Smart
energy management is vital to unlocking the potential of the clean
energy transition. This advanced dynamic rate optimization is the
latest feature to join the suite of software capabilities that are
available on the SolarEdge One energy management system, following
the recent launch of the Negative Rate Optimization feature. We are
dedicated to delivering the most comprehensive energy management
solution to our customers and look forward to introducing
additional sophisticated products to more markets in the coming
months.”
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 maximise 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 and grid services solutions. SolarEdge is
online at solaredge.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240328334673/en/
PR Contact Dana Noyman Head of Corporate Communications
& PR dana.noyman@solaredge.com
Lily Salkin Global Public and Media Relations Manager
Lily.salkin@solaredge.com
Investor Contact JB Lowe Head of Investor Relations
investors@solaredge.com
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