SolarEdge Helps Power Luxury Fashion House TOD’S with Solar Expansion on Italian Headquarters and Manufacturing Facility
SolarEdge Technologies (NASDAQ: SEDG) announced that Italian luxury fashion house TOD'S has expanded its solar energy deployment with SolarEdge rooftop installations on its headquarters and manufacturing facility in the Marche region, Italy. The installations, totaling 740 kWp, power approximately 78% of daily energy use, resulting in carbon emission reductions of ~126 tCO₂ from April to December 2023.
This expansion builds on TOD'S first SolarEdge installation in 2017 and aligns with the company's corporate sustainability mission. TOD'S also recently installed a 106 kWp solar system at its Montecosaro site. The project, implemented by SARI 2030 - EDILENERGIA, aims to maximize energy generation from available roof space while meeting TOD'S demands for efficiency, performance, and safety.
SolarEdge Technologies (NASDAQ: SEDG) ha annunciato che la casa di moda di lusso italiana TOD'S ha ampliato il suo impegno verso l'energia solare con installazioni di pannelli fotovoltaici sui tetti della sua sede e del suo stabilimento nella regione Marche, in Italia. Le installazioni, per un totale di 740 kWp, alimentano circa il 78% del fabbisogno energetico giornaliero, contribuendo a ridurre le emissioni di carbonio di circa 126 tCO₂ da aprile a dicembre 2023.
Questa espansione si basa sulla prima installazione SolarEdge di TOD'S avvenuta nel 2017 e si allinea con la missione di sostenibilità aziendale della compagnia. Recentemente, TOD'S ha anche installato un sistema solare da 106 kWp presso il suo sito di Montecosaro. Il progetto, realizzato da SARI 2030 - EDILENERGIA, mira a massimizzare la generazione energetica utilizzando lo spazio utile sui tetti, soddisfacendo al contempo le esigenze di efficienza, prestazioni e sicurezza di TOD'S.
SolarEdge Technologies (NASDAQ: SEDG) anunció que la casa de moda de lujo italiana TOD'S ha ampliado su uso de energía solar con instalaciones de paneles solares en los techos de su sede y de su fábrica en la región de Marche, Italia. Las instalaciones, que suman un total de 740 kWp, alimentan aproximadamente el 78% del consumo energético diario, resultando en una reducción de emisiones de carbono de ~126 tCO₂ desde abril hasta diciembre de 2023.
Esta expansión se basa en la primera instalación de SolarEdge de TOD'S en 2017 y se alinea con la misión de sostenibilidad de la empresa. Recientemente, TOD'S también instaló un sistema solar de 106 kWp en su sitio de Montecosaro. El proyecto, implementado por SARI 2030 - EDILENERGIA, busca maximizar la generación de energía del espacio disponible en los techos, al tiempo que cumple con las demandas de eficiencia, rendimiento y seguridad de TOD'S.
SolarEdge Technologies (NASDAQ: SEDG)는 이탈리아의 고급 패션 브랜드 TOD'S가 이탈리아 Marche 지역의 본사 및 제조 시설에 SolarEdge의 지붕 설치를 통해 태양열 에너지 활용을 확장했다고 발표했습니다. 총 740 kWp에 달하는 설치는 약 78%의 일일 에너지를 공급하여, 2023년 4월부터 12월까지 약 126 tCO₂의 탄소 배출 감소를 가져왔습니다.
이번 확장은 2017년 TOD'S의 첫 번째 SolarEdge 설치를 기반으로 하며, 회사의 지속 가능성 미션과 일치합니다. TOD'S는 최근 몬테코사로 사이트에 106 kWp 태양광 시스템도 설치했습니다. 이 프로젝트는 SARI 2030 - EDILENERGIA에 의해 시행되었으며, TOD'S의 효율성, 성능 및 안전성 요구를 충족하면서 사용 가능한 지붕 공간에서 에너지 생성 극대화를 목표로 하고 있습니다.
SolarEdge Technologies (NASDAQ: SEDG) a annoncé que la maison de mode de luxe italienne TOD'S a élargi son déploiement d'énergie solaire avec des installations de toits SolarEdge sur son siège social et son site de fabrication dans la région des Marches, en Italie. Les installations, totalisant 740 kWp, alimentent environ 78% de la consommation énergétique quotidienne, entraînant une réduction des émissions de carbone d'environ 126 tCO₂ d'avril à décembre 2023.
Cette expansion s'inscrit dans la continuité de la première installation SolarEdge de TOD'S en 2017 et est alignée avec la mission de durabilité de l'entreprise. TOD'S a également récemment installé un système solaire de 106 kWp sur son site de Montecosaro. Le projet, mis en œuvre par SARI 2030 - EDILENERGIA, vise à maximiser la génération d'énergie à partir de l'espace de toit disponible tout en répondant aux exigences d'efficacité, de performance et de sécurité de TOD'S.
SolarEdge Technologies (NASDAQ: SEDG) gab bekannt, dass das italienische Luxusmodehaus TOD'S seinen Einsatz von Solarenergie durch SolarEdge-Dachinstallationen an seinem Hauptsitz und seiner Produktionsstätte in der Region Marche, Italien, erweitert hat. Die Installationen mit einer Gesamtleistung von 740 kWp decken etwa 78% des täglichen Energieverbrauchs und führen von April bis Dezember 2023 zu einer Einsparung von etwa 126 tCO₂ an Kohlenstoffemissionen.
Diese Erweiterung baut auf der ersten SolarEdge-Installation von TOD'S im Jahr 2017 auf und steht im Einklang mit der Unternehmensmission für Nachhaltigkeit. Kürzlich installierte TOD'S auch ein 106 kWp Solarsystem an seinem Standort Montecosaro. Das Projekt, das von SARI 2030 - EDILENERGIA umgesetzt wurde, zielt darauf ab, die Energieerzeugung aus dem verfügbaren Dachraum zu maximieren und gleichzeitig TOD'S Anforderungen an Effizienz, Leistung und Sicherheit zu erfüllen.
- Expansion of solar installations indicates growing adoption of SolarEdge's technology by high-profile clients
- SolarEdge's technology is installed on over 50% of Fortune 100 companies' rooftops, showcasing market leadership
- The project demonstrates SolarEdge's ability to meet demanding requirements for efficiency, performance, and safety
- None.
The expansion of solar installations by TOD'S, utilizing SolarEdge Technologies' solutions, represents a strategic move towards sustainability and cost efficiency. While the immediate financial impact may be , this initiative aligns with growing ESG trends and could yield long-term benefits:
- Cost Savings: By powering
78% of daily energy use through solar, TOD'S is likely to see significant reductions in electricity costs, particularly valuable given recent energy price volatilities in Europe. - Brand Value: As a luxury fashion house, TOD'S commitment to sustainability can enhance its brand image, potentially attracting environmentally conscious consumers and investors.
- Risk Mitigation: Reducing dependency on fossil fuels helps insulate TOD'S from future energy price fluctuations, providing more stable operational costs.
For SolarEdge, this high-profile installation reinforces its market position in the commercial sector, particularly among luxury brands. The company's claim of being used by over
However, investors should note that while positive, this single installation is unlikely to significantly impact SolarEdge's financials in the short term. The real value lies in the potential for similar projects and the company's growing reputation in the commercial sector.
TOD'S solar expansion marks a significant step in the luxury fashion industry's sustainability efforts. The installation's impact is noteworthy:
- Carbon Reduction: A decrease of ~126 tCO₂ in just 9 months is substantial for a single facility, showcasing the potential of on-site renewable energy in the fashion sector.
- Energy Independence: Achieving
78% of daily energy needs through solar demonstrates a high level of energy self-sufficiency, rare in energy-intensive industries like fashion manufacturing. - Industry Leadership: TOD'S is setting a precedent for luxury brands, potentially influencing peers to adopt similar sustainability measures.
This initiative aligns with the fashion industry's increasing focus on sustainability, driven by consumer demand and regulatory pressures. It's particularly noteworthy that TOD'S is applying these measures to both headquarters and manufacturing facilities, addressing the often-overlooked production side of fashion's carbon footprint.
For SolarEdge, this project validates their technology's applicability in high-end commercial settings, potentially opening doors to more partnerships in the luxury sector. The emphasis on efficiency and safety in SolarEdge's systems addresses key concerns for businesses looking to adopt solar technology, positioning the company well for future growth in commercial installations.
This collaboration between TOD'S and SolarEdge illuminates several key market trends:
- Luxury Sector Sustainability: TOD'S solar expansion indicates a growing commitment to sustainability in the luxury market, potentially influencing consumer expectations and industry standards.
- Corporate Solar Adoption: The project underscores the increasing attractiveness of solar for large corporations, driven by both sustainability goals and economic benefits.
- Technology Differentiation: SolarEdge's success in securing repeat business from TOD'S highlights the importance of performance, efficiency and safety features in the competitive solar technology market.
The mention of SolarEdge's presence on
For investors, this news suggests a positive outlook for the commercial solar sector, particularly for companies like SolarEdge that can meet the demanding requirements of high-profile clients. The luxury market's embrace of solar technology could also signal a broader trend of premium brands investing in visible sustainability measures, creating new market opportunities for solar providers.
However, it's important to note that while this project is positive, the solar industry remains highly competitive and subject to policy and economic fluctuations. Investors should consider this news as part of a broader analysis of SolarEdge's market position and the overall trends in corporate sustainability investments.
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
The rooftop solar installations at TOD’S headquarters and manufacturing facility are powering approximately
By leveraging solar energy for self-consumption, the rooftop solar installations at TOD’S headquarters and manufacturing facility are powering approximately
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
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.
View source 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
Source: SolarEdge Technologies, Inc.
FAQ
What is the total capacity of TOD'S new SolarEdge rooftop installations?
How much of TOD'S daily energy use is powered by the new solar installations?
What was the carbon emission reduction achieved by TOD'S solar installations from April to December 2023?
When did TOD'S first install SolarEdge technology?
