SolarEdge Helps Power Luxury Fashion House TOD’S with Solar Expansion on Italian Headquarters and Manufacturing Facility
31 Luglio 2024 - 1:52PM
Business Wire
TOD’S rooftop solar installations at its
headquarters and manufacturing facility in the Marche region
resulted in carbon emission reduction of ~126 tCO₂, from April to
December 2023
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a
global leader in smart energy technology, announced today that
Italian luxury fashion house TOD’S has expanded its deployment of
solar energy with SolarEdge rooftop installations on its
headquarters and its manufacturing facility in the Marche region,
Italy, totaling 740 kWp.
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The rooftop solar installations at TOD’S
headquarters and manufacturing facility are powering approximately
78% of daily energy use, resulting in carbon emission reductions of
~126 tCO₂ (Photo: Business Wire)
By leveraging solar energy for self-consumption, the rooftop
solar installations at TOD’S headquarters and manufacturing
facility are powering approximately 78% of daily energy use,
resulting in carbon emission reductions of ~126 tCO₂ (calculated
with the “location-based method”) from April to December 2023.
These installations represent part of the renowned Italian
luxury house’s mission for corporate sustainability, building on
the success of TOD’S first SolarEdge rooftop solar installation
back in 2017 on a production facility in Arquata del Tronto, which
was used to aid economic recovery following a powerful earthquake
in the region. The company also recently installed a new solar
installation at its Montecosaro site producing a further 106 kWp of
solar energy.
Simona Cattaneo, General Manager at TOD’S Group,
said: “TOD’S expansion of rooftop solar underlines our commitment
to corporate sustainability and is part of our decarbonization
journey to reduce our carbon footprint and promote the clean energy
transition. By producing and consuming renewable solar energy, we
are reducing our dependency on fossil fuels and mitigating the
business impact of fluctuating electricity prices, while making the
best use of our buildings to produce the levels of energy we
need.”
Italian renewable energy installer SARI 2030 - EDILENERGIA was
directed by TOD’S to generate as much energy as possible from the
available roof space.
Gabriele Frontoni, CEO at SARI 2030, commented: “As a
brand synonymous with craftsmanship and high quality, TOD’S knows
the importance of delivering shared value over the long term.
Working with TOD’S is challenging yet inspiring, as they require
top efficiency, performance and safety to enable them to achieve
each project’s objectives. As such, when we built TOD’S first solar
plant in Arquata del Tronto, we recommended SolarEdge’s technology
to meet its demand for maximum energy generation, real-time
panel-level monitoring and the highest safety standards as a
non-negotiable. The technology has excelled on all fronts for
several years now, so when it came to designing the recent solar
installation at its headquarters and manufacturing facility, TOD’S
told us ‘it has to be SolarEdge’ and they are not the first
commercial business to demand this from us.”
Christian Carraro, Europe General Manager at SolarEdge:
“TOD’S ambitious solar expansion reflects the growing influence
corporate sustainability and ESG is having on solar adoption.
Companies also need a strong business case to underpin these ESG
initiatives and this is where SolarEdge technology excels -
producing more power for faster ROI, with an enhanced safety
offering. This is why SolarEdge technology is on the rooftops of
over 50% of Fortune 100 companies.”
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, electric vehicle powertrains, and grid
services solutions. SolarEdge is online at www.solaredge.com
About TOD’S Group
The TOD'S Group is a symbol of Italian excellence. It is deeply
rooted in Italy’s artisan traditions, with a wealth of values that
distinguish its vision: a passion for craftsmanship, superb quality
and timeless style. Quality and creativity, tradition and
modernity. A harmonious blend of these factors runs through the DNA
of the TOD'S Group and its brands, each with its own identity:
Tod’s, Roger Vivier, Hogan and Fay. This overall vision draws
strength from the brands’ synergy in high-end design; it has
enabled the Group to emerge as a leader in the footwear, leather
goods and clothing sectors with a significant presence in all the
global markets.
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version on businesswire.com: https://www.businesswire.com/news/home/20240731657418/en/
SolarEdge Press Contact: Lily Salkin Senior Manager
Global PR Lily.salkin@solaredge.com
SolarEdge Investor Contact: JB Lowe Head of Investor
Relations investors@solaredge.com
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