This Research Note explores SolarEdge Technologies, a NASDAQ-listed firm headquartered in Israel with $3 billion in revenues, providing intelligent inverters for photovoltaic systems, primarily in the smart home sector. We examine recent acquisitions, funding, and product launches that augment the company’s software and product portfolio addressing real estate owners and operators in the commercial, industrial, and multi-dwelling sectors. This article is based on SolarEdge investor presentations, 2023 10K Annual Report, and associated press releases. SolarEdge Acquisition of Wevo Energy In April 2024, SolarEdge Technologies announced the completion of the acquisition of the entire share capital of Wevo Energy Ltd. Founded in 2021, Wevo is an Israeli software startup specializing in EV charging optimization and management for sites with large quantities of EV chargers such as apartment buildings, workplace carparks, and public charging locations. SolarEdge invested in their seed funding round in June 2023. LinkedIn reports 26 employees. Wevo’s software is designed to be vendor-agnostic and […]
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