Two PV powerhouses to offer industry-leading smart module solution
LAS VEGAS--(BUSINESS WIRE)--Sep. 11, 2017--
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ:SEDG), a global
leader in PV inverters, power optimizers and module-level monitoring
services, and solar panel leader LG Electronics USA are debuting a joint
smart module targeting the high-end residential and commercial PV
rooftop markets in North America. On display at the 2017 Solar Power
International trade show, the smart module solution, the first from the
two powerhouses, is one of the most power-dense rooftop offerings on the
market. It includes both add-on and embedded power optimizer options for
both commercial and residential systems.
“The PV industry is moving rapidly toward module-level power
optimization to meet the cost, safety and performance requirements of
the market. Adding the SolarEdge solution to our product portfolio will
help us better serve our customers,” stated Stephen Hahm, Vice President
and Head of LG Electronics USA’s Energy Solutions Business. “We put
utmost priority on listening to the market and delivering the strongest
products and partnerships to our customers.”
“This joint offering represents a powerful step towards SolarEdge’s
vision of all PV systems benefitting from module-level optimization,”
stated Peter Mathews, SolarEdge’s North America General Manager.
“Joining forces with a market leader like LG further solidifies the
leading role of power optimizers in the MLPE sector.”
The package combines SolarEdge’s inverters with LG’s NeON® R modules
(with module efficiency up to 21.1%), P370 and P800 power optimizers for
residential and commercial installations respectively, as well as free
module-level monitoring. Benefits include no power clipping, increased
efficiency, flexible array design and a multitude of racking options.
LG’s NeON® R series offer an industry-leading 25-year complete coverage
warranty, giving homeowners a hassle-free asset for the lifetime of the
system. With enhanced design aesthetics, the modules feature a back
contact technology. The residential version is compatible with
SolarEdge’s HD-Wave inverters, StorEdge solution, and
Inverter-Integrated EV chargers. The module-level monitoring can be
easily connected through hardwired internet or a cellular network. The
solution complies with the latest safety standards, such as NEC 2017,
and smart-inverter protocols, for example Rule 21.
The LG NeON R modules with add-on power optimizers are available now,
and the smart module will be introduced at a later date.
About SolarEdge Technologies
SolarEdge provides an intelligent inverter solution that has changed the
way power is harvested and managed in solar photovoltaic systems. The
SolarEdge DC optimized inverter system maximizes power generation at the
individual PV module-level while lowering the cost of energy produced by
the solar PV system. Supporting increased PV proliferation, the
SolarEdge system consists of power optimizers, inverters, smart energy
management, and a cloud-based monitoring platform. SolarEdge’s solutions
addresses a broad range of solar market segments, from residential solar
installations to commercial and small utility-scale solar installations.
SolarEdge is online at http://www.solaredge.us.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170911005269/en/
Source: SolarEdge Technologies, Inc.
Danya Golan, +972-52-6263348
Director of Marketing
Kim Regillio, 847-941-8184