Company accelerates timeline for domestically
produced residential battery shipments
This supports SolarEdge’s long term strategy
for the continued development and production of residential and
commercial energy storage solutions
SolarEdge Technologies Inc. (NASDAQ: SEDG), a global leader in
smart energy technology, today announced it is now shipping the new
SolarEdge Home Battery 'USA Edition', completing its comprehensive
portfolio of domestically manufactured solar and storage products
designed to qualify for the Domestic Content Bonus Credit as
currently guided by the U.S. Department of Treasury and the
Internal Revenue Service.i
The SolarEdge Home Battery 'USA Edition' joins the Company's
existing lineup of U.S. ”domestic content” designated optimized
inverters and power optimizers, helping TPOs, PPAs, lease
providers, and commercial system owners maximize potential domestic
content incentives across their entire solar-plus-storage
installations. The battery provides 9.7kWh of storage capacity and
features SolarEdge ONE, the Company's next-generation energy
optimization system, which maximizes energy savings by
intelligently managing solar export during peak rate periods.
"SolarEdge has been a crucial technology partner, and together
we have delivered thousands of storage solutions in markets where
batteries are mission-critical such as Puerto Rico, California, and
Illinois. Their new USA Edition battery enables us to further
strengthen our domestic supply chain while emphasizing the
American-made story that many of our customers are looking for,"
said Mikey Heinz, CEO at leading installer Bright Ops. “With
production based in the U.S., we can now offer homeowners
SolarEdge's reliable and field-proven energy storage solutions,
coupled with domestic content benefits."
"By expanding our U.S. manufacturing capabilities to include
energy storage, SolarEdge is delivering on our commitment to
provide installers with a domestically produced battery," said
Bertrand Vandewiele, General Manager of SolarEdge North
America. “This portfolio approach not only helps our customers
maximize available incentives but also strengthens the reliability
of their supply chain with consistent access to U.S. products."
The addition of battery manufacturing strengthens SolarEdge's
domestic production infrastructure, which already supplies
significant volumes of power optimizers and inverters to the U.S.
market. For homeowners across the country, particularly those in
markets like California operating under NEM 3.0, the combination of
domestically produced solar and storage equipment provides enhanced
economic benefits while supporting American manufacturing jobs.
The SolarEdge Home Battery 'USA Edition', along with other
domestically manufactured products, features a dedicated SKU to
simplify qualification tracking for the domestic content bonus
credit. *
For more information about SolarEdge's complete portfolio of
domestic products and capabilities, visit here.
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, and grid services solutions. Visit us at:
solaredge.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements include information, among
other things, concerning our next phase of innovation and growth,
future of renewable energy, possible or assumed future results of
operations, future demands for solar energy solutions, business
strategies and technology developments. Forward-looking statements
include statements that are not historical facts and can be
identified by terms such as “anticipate,” “believe,” “could,”
“seek,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,”
“predict,” “project,” “should,” “will,” “would” or similar
expressions and the negatives of those terms.
Forward-looking statements inherently involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Given these
uncertainties, you should not place undue reliance on
forward-looking statements. Also, forward-looking statements
represent our management’s beliefs and assumptions only as of the
date of this release. Important factors that could cause actual
results to differ materially from our expectations include, but are
not limited to: our ability to deliver on the next phase of
innovation and growth; future of renewable energy, including demand
for renewable energy and solar energy solutions; our ability to
forecast demand for our products accurately and to match production
to such demand as well as our customers’ ability to forecast demand
based on inventory levels; macroeconomic conditions in our domestic
and international markets, as well as inflation concerns, rising
interest rates, and recessionary concerns; changes, elimination or
expiration of government subsidies and economic incentives for
on-grid solar energy applications; changes in the U.S. trade
environment; federal, state, and local regulations governing the
electric utility industry with respect to solar energy; changes in
tax laws, tax treaties, and regulations or the interpretation of
them, including the Inflation Reduction Act; the retail price of
electricity derived from the utility grid or alternative energy
sources; interest rates and supply of capital in the global
financial markets in general and in the solar market specifically;
competition, including introductions of power optimizer, inverter
and solar photovoltaic system monitoring products by our
competitors; developments in alternative technologies or
improvements in distributed solar energy generation; historic
cyclicality of the solar industry and periodic downturns; product
quality or performance problems in our products; shortages, delays,
price changes, or cessation of operations or production affecting
our suppliers of key components; disruption in our global supply
chain and rising prices of oil and raw materials as a result of the
conflict between Russia and Ukraine; our customers’ financial
stability and our ability to retain customers; our ability to
retain key personnel and attract additional qualified personnel;
performance of distributors and large installers in selling our
products; consolidation in the solar industry among our customers
and distributors; our ability to manage effectively the growth of
our organization and expansion into new markets and integration of
acquired businesses; our ability to recognize expected benefits
from restructuring plans; any unauthorized access to, disclosure,
or theft of personal information or unauthorized access to our
network or other similar cyber incidents; disruption to our
business operations due to the evolving state of war in Israel and
political conditions related to the Israeli government's plans to
significantly reduce the Israeli Supreme Court's judicial
oversight; our dependence on ocean transportation to timely deliver
our products in a cost-effective manner; fluctuations in global
currency exchange rates; changes in tax laws, tax treaties, and
regulations or the interpretation of them, including the Inflation
Reduction Act; changes in the U.S. trade environment, including the
imposition of import tariffs; business practices and regulatory
compliance of our raw material suppliers; our ability to maintain
our brand and to protect and defend our intellectual property; the
impairment of our goodwill or other intangible assets; volatility
of our stock price; our customers’ financial stability,
creditworthiness, and debt leverage ratio; our ability to retain
key personnel and attract additional qualified personnel; our
ability to effectively design, launch, market, and sell new
generations of our products and services; our ability to retain,
and events affecting, our major customers; our ability to service
our debt; and the other factors set forth under “Item 1A. Risk
Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2023, filed on February 26, 2024, and in other
documents we file from time to time with the SEC that disclose
risks and uncertainties that may affect our business. The preceding
list is not intended to be an exhaustive list of all of our
forward-looking statements. You should not rely upon
forward-looking statements as predictions of future events.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that
future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Statements in this press release speak only
as of the date they were made. The Company undertakes no duty or
obligation to update any forward-looking statements contained in
this release, whether as a result of new information, future events
or changes in its expectations or otherwise, except as may be
required by applicable law, regulation or other competent legal
authority.
i As it relates to the domestic content rules, the U.S.
Department of Treasury and the IRS have not yet issued proposed or
final regulations. Rather, the IRS has issued two notices - Notice
2023-38 and Notice 2024-41 (the “Notices”). SolarEdge does not
provide tax and/or legal advice. Customers should consult their own
legal and/or tax advisor(s) regarding the eligibility of projects
for the ITC or PTC, including the 10% domestic content bonus, to
determine how the applicable rules apply.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241209485547/en/
Press Contact SolarEdge Technologies, Inc. Lily Salkin,
Senior Global PR Manager Lily.salkin@solaredge.com
Investor Contact JB Lowe, Head of Investor Relations
investors@solaredge.com
SolarEdge Technologies (NASDAQ:SEDG)
過去 株価チャート
から 12 2024 まで 1 2025
SolarEdge Technologies (NASDAQ:SEDG)
過去 株価チャート
から 1 2024 まで 1 2025
