SolarEdge Announces Plans for Global Rollout of its First-of-a-Kind Energy Optimization Software Platform for Commercial and Industrial Applications
SolarEdge Technologies announced the global rollout of SolarEdge ONE for C&I, an advanced energy optimization software platform aimed at Commercial and Industrial (C&I) applications. The platform will be available in the coming months and is designed to manage energy production, storage, and consumption automatically.
SolarEdge ONE for C&I offers real-time data analytics for intelligent decision-making, advanced PV monitoring, and fleet management tools. The platform will minimize downtime and reduce site visits with features like remote troubleshooting and live alerts.
The platform integrates various energy assets, including PV, storage, EV chargers, and building systems, providing a single ecosystem for energy management. Developed using SolarEdge's expertise and recent acquisitions, the solution aims to maximize energy savings and support businesses in their energy transition.
- Global rollout of SolarEdge ONE for C&I, a first-of-its-kind platform.
- Platform offers advanced PV monitoring and fleet management tools.
- Designed to minimize downtime and reduce site visits with remote troubleshooting.
- Integrates various energy assets into a single ecosystem, eliminating the need for third-party integrations.
- Uses real-time data analytics for intelligent decision-making regarding energy production, storage, and consumption.
- Expected to bring significant value for businesses in their energy transition.
- Product of recent strategic acquisitions and company expertise.
- No specific release date provided, only expected 'in the coming months'.
- Potential complexity in integrating new software with existing systems.
- Initial rollout may face challenges in adoption and user training.
Insights
SolarEdge's new platform is a significant leap in the realm of energy optimization for commercial and industrial (C&I) applications. This software integrates various energy assets like PV, storage, EV chargers and building assets into a single ecosystem, enabling seamless management and optimization. From a technological standpoint, this reduces the need for third-party integrations, which often pose compatibility and security challenges. For instance, the ability to remotely troubleshoot and operate devices can drastically minimize downtime and maintenance costs, which are key pain points in large-scale solar implementations.
Moreover, the platform's use of real-time data analytics to optimize energy production and consumption is noteworthy. Real-time analytics allow for instantaneous decision-making, ensuring that energy resources are utilized efficiently. This kind of technological integration could set new standards in the industry, driving competitors to develop similar all-encompassing solutions.
The introduction of SolarEdge ONE for C&I is a strategic move that aligns with the current market trends towards integrated, efficient energy management systems. The global solar market has been growing consistently, driven by both economic incentives and regulatory pressures to reduce carbon footprints. This platform is well-positioned to tap into this demand, especially as businesses increasingly look for ways to streamline their energy consumption and costs.
SolarEdge's strategic acquisitions of Wevo for EV charging management and Hark for building energy asset optimization also play a critical role here. By incorporating these technologies, SolarEdge is not just expanding its product portfolio but also enhancing its market competitiveness. This could attract new customers who are looking for comprehensive, future-ready energy solutions. Additionally, for existing SolarEdge customers, the seamless integration between hardware and software could increase customer loyalty and retention rates.
From a financial perspective, SolarEdge's rollout of this new platform could have a positive impact on its revenue streams. By offering a comprehensive solution that integrates various energy management needs, SolarEdge increases its value proposition to C&I clients. This could lead to higher adoption rates and potentially larger contracts, as businesses are likely to invest in a system that promises significant savings and operational efficiency.
Moreover, SolarEdge's focus on reducing operational costs through remote troubleshooting and device management could improve profit margins. Reduced site visits and minimized downtime translate to lower operational expenses, which could positively impact the company's bottom line. Additionally, the platform's ability to deliver real-time performance analytics can help in optimizing resource allocation, further enhancing financial performance.
Illustration of a SolarEdge commercial solar installation in the
SolarEdge ONE for C&I is the Company’s first-of-a-kind energy optimization platform, developed by SolarEdge specifically for EPCs, Operation and Maintenance (O&M) providers and businesses. It is designed to automatically and constantly manage the site’s energy production, storage and consumption, enabling businesses to maximize energy savings and meet their environmental goals, by utilizing real-time data analytics to make intelligent decisions.
SolarEdge ONE for C&I will offer EPCs and O&M teams advanced PV monitoring and fleet management tools tailored specifically for C&I applications. The software platform will deliver deep performance analysis across entire PV fleets, drilling down to the module level. In addition, it is intended to help EPC’s and O&M teams to minimize downtime and reduce site visits, with features such as remote troubleshooting, device operation and remote configuration. The platform’s live alerts system will enable proactive response to critical issues for extended system performance.
The SolarEdge ONE for C&I platform is designed to serve as a single ecosystem for controlling and managing the site’s energy assets, including PV, storage, EV chargers and building assets, such as HVAC, lighting, etc. It will provide energy insights to various stakeholders in an organization, and is intended to render unnecessary complicated third-party integrations.
Zvi Lando, Chief Executive Officer of SolarEdge, comments: “SolarEdge ONE for C&I is a culmination of our recent strategic acquisitions of software companies Wevo for EV charging management and Hark for buildings energy asset optimization, as well as our expertise and know-how in developing a dedicated C&I energy optimization solution. Complementing our hardware portfolio of inverters and our new C&I storage systems, the comprehensive solution will offer customers a complete end-to-end ecosystem with optimization for energy savings, from a single supplier. We believe this solution will bring significant value for businesses in their energy transition, providing a technologically advanced and future-ready solution that can evolve with their changing needs.”
To learn more visit SolarEdge at Intersolar: Hall B4, Booth110.
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. SolarEdge is online at solaredge.com.
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PR Contact
Dana Noyman
Head of Corporate Communications & PR
dana.noyman@solaredge.com
Lily Salkin
Senior Global Public and Media Relations Manager
Lily.salkin@solaredge.com
Investor Contact
JB Lowe
Head of Investor Relations
investors@solaredge.com
Source: SolarEdge Technologies, Inc.
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