Herzelya Pituach, Israel (February 9, 2016) – SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services, announced that it has shipped its 10 millionth power optimizer. With systems installed in more than 90 countries, SolarEdge reached its 10 millionth shipped power optimizer in 10 years following its founding and after only 6 years of commercial shipments. Close to 5 million power optimizers were shipped globally, solely in 2015.
“We founded the company with a vision that every solar panel would have smart electronics, and we are on our way to fulfilling this,” stated Guy Sella, CEO, Co-Founder, and Chairman of SolarEdge. “SolarEdge’s commitment to offering solutions that provide value at competitive prices is what has allowed us to become an industry leader.”
To celebrate, SolarEdge is labeling 10 prize-winning power optimizers, all signed by the company’s founders, in its global shipments. Each recipient of a prize-winning power optimizer will be entitled to receive US$10,000 cash.
“We attribute much of our success to solar energy installers who have placed their confidence in SolarEdge and the benefits of our technology,” stated Lior Handelsman, SolarEdge’s VP of Marketing and Product Strategy. “We are committed to continue providing innovative products to maximize installer benefits, such as increased profits and high-quality service.”
Terms and conditions for the prize-winning power optimizers are available on the SolarEdge website.
SolarEdge provides an intelligent inverter solution that has changed the way power is harvested and managed in solar photovoltaic systems. The SolarEdge DC optimized inverter system maximizes power generation at the individual PV module-level while lowering the cost of energy produced by the solar PV system. The SolarEdge system consists of power optimizers, inverters, storage solutions, and a cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. SolarEdge is online at http://www.solaredge.com