SolarEdge Technologies
Herzliya, Tel Aviv District, Israel
Team size: 1001 - 5000
Sector: Energy
About SolarEdge Technologies
Company revenue: US$ 100 - 500 million
Investors: General Electric, Lightspeed Venture Partners, Norwest Venture Partners, Vertex Ventures, Vertex Ventures Israel
Company stage: IPO
SolarEdge Technologies, a global leader in the DC power optimizer market. The company provides module-level electronics for solar power harvesting and monitoring systems for residential, commercial and utility-scale solar photovoltaic installers. The SolarEdge portfolio of products includes power optimizers and a web portal for module-level optimization and monitoring, as well as PV inverters, specialized to work with power optimizers. SolarEdge envisions that every solar module will be individually managed by DC-DC module-level electronics, accelerating the pace towards grid parity and making clean energy affordable. Founded in 2006, SolarEdge established the DC power optimizer segment and is leading it with over 70% market share. By Q4 2012, SolarEdge has shipped over 1,600,000 power optimizers to more than 40 countries worldwide. With strategic partnerships across the PV value-chain from module manufacturers to integrators, SolarEdge installations can be found in five continents.