Press release
RE+ 2023: SolarEdge Launches its Most Powerful Ground-Mount Solution, Targeting U.S. Community Solar and Small-Medium Utility
New solution now available for orders MILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart
About this update from Solaredge Technologies, Inc.
[{"type":"text","content":"\nNew solution now available for orders\n\n\n MILPITAS, Calif.--(BUSINESS WIRE)--\nSolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced the U.S. launch of its new high-power, three-phase SolarEdge 330kW Inverter and its complementing H1300 Power Optimizer for community solar, agri-PV and small-to-medium scale ground mount utility PV applications.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230912339508/en/SolarEdge Community Solar installation in Rhode Island, U.S. (Photo: Business Wire)\nThe SolarEdge 330kW Inverter lends itself both to distributed and centralized location topology, in which large-scale 330kW inverters can be installed in a central location while also providing SolarEdge’s benefits of Module Level Power Electronics (MLPE), that include more energy for improved ROI, design flexibility, advanced safety solutions, as well as module-level monitoring.\n\n\nSolarEdge’s new inverter and dedicated Power Optimizer solution is designed to help lower the Levelized Cost of Energy (LCOE) by yielding more energy production over the system’s lifetime through 99% inverter efficiency, 200% DC-oversizing and an integrated PID rectifier. A lower LCOE can be achieved by reducing Balance of System (BoS) costs by up to 50% with fewer and longer strings.\n\n\nWith the majority of site issues traditionally occurring in the DC array, SolarEdge’s technology provides continuous and granular visibility to achieve higher uptime and lower operation and maintenance costs.\n\n\nZvi Lando, Chief Executive Officer of SolarEdge, commented: “We are pleased to bring the benefits of power optimization and high-resolution monitoring to the utility solar segment with the introduction of our new high-power SolarEdge 330kW Inverter. With the industry seeking solutions that improve both scalability and economics for community solar, we anticipate that DC-optimization will be critical to maximizing ROI and bringing value to investors.”\n\n\nWith the design flexibility to overcome module mismatch and shading losses on uneven and irregular terrains, the new solution is well-suited for the rapidly growing community solar market. For developers, this presents more options for finding and utilizing sites that qualify for IRA ta...