Press release
SolarEdge Surpasses 500 MWh of Storage in Virtual Power Plants Across 16 U.S. States, Canada and Puerto Rico
Rising battery attach rates create expanded opportunities in residential and community solar segments for distributed energy and grid resilience programs
About this update from Solaredge Technologies, Inc.
[{"type":"text","content":"\nRising battery attach rates create expanded opportunities in residential and community solar segments for distributed energy and grid resilience programs\n\n\n MILPITAS, Calif.--(BUSINESS WIRE)--\nSolarEdge Technologies, Inc. (NASDAQ: SEDG), a global leader in smart energy technology, today announced a major milestone: more than 500 MWh of residential battery storage is now enrolled in Virtual Power Plant (VPP) programs across 16 U.S. states and Puerto Rico. These partnerships with the country’s leading utilities and DERMs providers demonstrate SolarEdge’s accelerating momentum in the distributed energy sector, adding significant capacity to the company’s growing VPP portfolio and its commitment to unlocking new value for customers and partners, including third-party owners (TPOs). The company also continues to expand its grid services portfolio globally, participating in VPP programs across Europe, Australia, and Canada.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251029315871/en/SolarEdge's Virtual Power Plant (VPP) technology connects thousands of batteries into coordinated networks that support grid stability and enable homeowners to earn rewards during peak demand.\nToday, over 40 percent of SolarEdge sites with a battery in the U.S. participate in incentive programs, enabling homeowners and TPO partners to earn rewards for supporting grid stability during peak demand. By connecting thousands of batteries into coordinated VPP networks, SolarEdge helps maximize the return on clean energy investments while contributing to a more resilient grid.\n\n\nExpanding Reach with New Programs Nationwide\n\n\nSolarEdge’s VPP portfolio now spans 16 states and Puerto Rico, with several new programs launched this year, including:\n\n\n\nArizona Public Service (APS) – a performance-based program for customers who provide support to the grid during peak demand periods. Participants can receive $110 per kW based on the average kW their battery releases throughout the event season.\n\n\n\nTucson Electric Power (TEP) – has launched its first residential battery-focused demand response program, enabling homeowners to earn up to $120 per kW (averaged over all events) for supporting grid reliability during summer and winter seasons. Payments are issued twice annually.\n\n\n\nExp...