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SolarEdge

SolarEdge
Leadership team

Mr. Yoav Galin (VP of R&D and Founder)

Mr. Ronen Faier CPA (Chief Financial Officer)

Products/ Services
Energy, Renewable Energy, Solar
Number of Employees
1,000 - 20,000
Headquarters
Herzliya, Tel Aviv, Israel
Established
2006
Company Registration
SEC CIK number: 0001419612
Net Income
100M - 500M
Revenue
Above - 1B
Overview
Location
Summary

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. It also provides residential, commercial, and large scale PV, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, lithium-ion cells and battery packs, and uninterrupted power supply solutions, as well as virtual power plants, which helps to manage the load on the grid and grid stability. In addition, the company offers pre-sales support, ongoing trainings, and technical support and after installation services. The company sells its products to the providers of solar PV systems; and solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Herzliya, Israel.

History

SolarEdge was established in 2006 by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest and Amir Fishelov. The company was backed by venture capital from GE Energy Financial Services, Norwest Venture Partners, Lightspeed Venture Partners, ORR Partners, Genesis Partners, Walden International, Vertex Ventures Israel, JP Asia Capital and Opus Capital Ventures.

The company started mass production of its products by contract manufacturer Flex at the end of 2009.

In March 2015, SolarEdge had an initial public offering of 7,000,000 shares of its common stock at a price to the public of $18.00 per share, raising $126 million. The shares began trading on the NASDAQ Global Select Market under the ticker symbol “SEDG.” Goldman Sachs and Deutsche Bank acted as joint book-running managers for the offering.In May 2015, SolarEdge partnered with Tesla Energy to develop an inverter that could charge the Tesla Powerwall home energy storage battery that was unveiled in April 2015. The SolarEdge inverter manages both the conversion of energy from solar panels along with charging and discharging of the Powerwall. Over time, Tesla phased out its partnership with SolarEdge, with Tesla adding an inverter to its Powerwall 2 that was introduced in October 2016, and introducing its own solar inverter in January 2021

In October 2018, SolarEdge announced agreements to acquire a major stake in Kokam, a South Korean provider of Lithium-ion battery cells, batteries and energy storage solutions. In January 2019 SolarEdge announced the acquisition of a majority stake in SMRE – an Italian EV powertrain manufacturer. In 2019 SolarEdge announced the acquisition of Gamatronic, a UPS manufacturer, and established its Critical Power division

Following a battle with cancer, founder Guy Sella died in 2019. Former vice president of global sales Zvi Lando, was appointed as CEO.

Key Team

Mr. Uri Bechor (Chief Operating Officer)

Ms. Rachel Prishkolnik (VP, Gen. Counsel & Corp. Sec.)

Mr. Lior Handelsman (Co-Founder and Advisor to the CEO for Strategic Initiatives & Projects)

Mr. Meir Adest (Chief Product Officer & Co-Founder)

Mr. Amir Fishelov (Founder & Chief Software Architect)

Mr. Ilan Yoscovich (Chief Technology Officer)

Lior Danziger (Director of Investor Relations and Fin. Operations)

References
SolarEdge
Leadership team

Mr. Yoav Galin (VP of R&D and Founder)

Mr. Ronen Faier CPA (Chief Financial Officer)

Products/ Services
Energy, Renewable Energy, Solar
Number of Employees
1,000 - 20,000
Headquarters
Herzliya, Tel Aviv, Israel
Established
2006
Company Registration
SEC CIK number: 0001419612
Net Income
100M - 500M
Revenue
Above - 1B