SolarEdge Acquires Wevo Energy, EV Charging Optimization and Management Software Startup
04 Aprile 2024 - 1:00PM
Business Wire
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a
global leader in smart energy technology, today announced that it
completed the acquisition of the entire share capital of Wevo
Energy Ltd. (“Wevo”). Wevo is a 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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240404049703/en/
Illustration of EV Charging Interface
(Photo: Business Wire)
Wevo’s software is designed to be vendor agnostic and supports
industry leading open protocols, enabling multi-user pricing and
billing, tiered prioritization of charging schedules, predictive
load management, and a range of additional services. To date, Wevo
has electrified many thousands of parking spaces across North
America, Europe and the Middle East. Wevo is already integrated
with SolarEdge’s EV chargers, solar inverters and meters, for a
holistic real-time view of solar production, grid consumption and
EV charging.
The Wevo solution will also be part of the SolarEdge ONE energy
optimization system for the Commercial and Industrial (C&I)
segment, designed to offer SolarEdge customers a single energy
optimization solution that orchestrates and integrates between
on-site solar generation, battery storage and large-scale EV
charging.
Zvi Lando, CEO, SolarEdge Technologies, said: “This
acquisition represents the continuation of SolarEdge’s strategy to
enhance its software portfolio for the C&I segment. We are
excited for Wevo to join the SolarEdge team following our initial
investment and the impressive progress it has demonstrated over the
past year. As the EV market continues to grow, distributed
renewable energy will be key to unlocking the full potential of the
electrification of mobility. Wevo’s software capabilities and
know-how represent a building block for EV-attached solar, and
today it becomes a part of SolarEdge’s energy ecosystem.”
Teddy Flatau, CEO, Wevo Energy, said: "Wevo's mission is
to make EV charging accessible by electrifying every parking space.
As a subsidiary of SolarEdge, we will be able to develop a combined
solution, offering a seamless experience for EV drivers by
optimizing charging with clean, solar-powered energy and maximizing
cost savings. This will allow a significant step forward to
achieving a low-carbon future."
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
About Wevo Energy
Wevo Energy was founded in 2021 to bring simple, efficient, and
cost-effective EV charging to the most energy-demanding
environments. Since then, it has developed AI-powered, energy
management software capabilities that are already electrifying
thousands of parking spaces globally. For more information about
Wevo Energy and its EV charging platform, please visit
www.wevo.energy.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240404049703/en/
Press Contact SolarEdge Technologies, Inc. Lily Salkin
Global Public and Media Relations Manager
Lily.salkin@solaredge.com
SolarEdge Technologies, Inc. Dana Noyman Head of Corporate
Communications and Global PR dana.noyman@solaredge.com
Investor Contact JB Lowe Head of Investor Relations
investors@solaredge.com
Grafico Azioni SolarEdge Technologies (NASDAQ:SEDG)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni SolarEdge Technologies (NASDAQ:SEDG)
Storico
Da Mag 2023 a Mag 2024