Israel

SolarEdge just keeps growing

The Israeli power electronics maker’s revenues and shipments keep rising as it absorbs more companies, but the pending increase in Section 301 tariffs leaves some clouds in the future.

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Bullish SolarEdge posts $100 million rise in gross profits and predicts strong start to 2019

Unimpressed by last year’s China policy-related shenanigans, the inverter maker continued to grow at a rapid pace as it acquired storage, uninterruptable power supply (UPS) and e-mobility related businesses. Its full-year results place SolarEdge in a good position going into a more promising year, with solar installations expected to hit double-digit growth figures in many markets and reach 120 GW globally.

Inverter maker SolarEdge to acquire Italian EV company

Israeli company will offer $77m – made of up cash and shares – for a controlling stake in electric vehicle power train manufacturer SMRE with the aim of then making the Italian company a wholly-owned subsidiary as the Italian government plans a big EV push.

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Israel lauded for ditching coal – for gas

The Middle Eastern state has been praised for joining the global anti coal movement, but its plan to switch to natural gas is more a victory for pragmatism than the environmental or renewables cause.

SolarEdge’s latest quarterly results show robust growth

The inverter maker took number one spot in the US from SMA this year, and acquired majority stakes and IP in uninterrupted power supply company Gamatronic and storage system provider Kokam. While other companies have consolidated, SolarEdge managed to report robust results.

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EDF commissions 101 MW of PV in Israel

EDF Renewables has commissioned five PV plants in Israel totaling 101 MW, thus bringing its total solar capacity in the country to nearly 300 MW.

Solaredge charges into storage market, acquiring Kokam

The inverter maker will buy 75% of Kokam’s shares for $88 million, with an intent to acquire the remainder shortly after, on the open market. Strategic company acquisitions and close partnerships are characterizing this year’s inverter market, as companies seek to diversify and integrate storage systems and other technologies.

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SolarEdge reports record revenues in second-quarter results

The company has experienced continued growth and after the acquisition of a UPS supplier – as well the potential for Chinese power electronics manufacturers to suffer under proposed new inverter tariffs – SolarEdge feels confident of continued growth.

SolarEdge extends patent infringement lawsuit against Huawei

Following the claim filed in June, SolarEdge now alleges Huawei has infringed two more of its patents. With its HD-wave inverter topology the subject of the first lawsuit, the Israeli manufacturer now says its Chinese rival also copied its power optimizer technology.

SolarEdge’s enters UPS market, $11.5 million Gamatronic acquisition closed

The Israel-headquartered power electronics supplier continues to diversify its business base as it closes its acquisition of UPS provider Gamatronic. Uninterruptible power supply is a multi-billion-dollar market expected to grow in the coming years.

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