SolarEdge Reports -- Over 1 Million Power Optimizers Shipped Worldwide

HOD HASHARON, Israel, May 22, 2012 /PRNewswire/ -- SolarEdge Technologies, a leading global provider of end-to-end solar power optimization systems and monitoring solutions, announced today the milestone of one million power optimizers shipped worldwide. SolarEdge established the market for distributed solar power optimization and is leading the market with over 70% share.

"In light of the strong demand, we expect to maintain our rapid growth," says Guy Sella, CEO and Chairman of SolarEdge. "We will reach the two million mark of shipped power optimizers by the end of 2012. SolarEdge is committed to the acceleration of the pace towards grid parity and to worldwide adoption of distributed electronics."

Photon-proven: Energy gains in all conditions

The demand for SolarEdge's products is increasing worldwide: with an annual growth of more than 200%, the company distributes its products to over 30 countries and on five continents. Throughout the world, tens of thousands of solar installations, ranging in power from kilowatts to megawatts, are optimized by SolarEdge products.

"Our services safeguard customer satisfaction all over the world," says Guy Sella. "Our customers enjoy high quality products and benefit from our local knowledge and technical support in all countries where we have sales activities."

By constantly tracking the maximum power point per individual module, SolarEdge DC-DC power optimizers ensure maximum energy yields. As tests of Photon magazine have shown, the yield is increased in all scenarios by up to 34%, compared to reference PV systems without SolarEdge power optimizers. In addition, SolarEdge power optimizers enhance system maintenance by monitoring the performance of each module and increase system safety for fire fighters and installers.

SolarEdge at Intersolar Europe

SolarEdge will be presenting its expanded product portfolio from June 13-15 at the trade fair Intersolar Europe in Hall C3 at Stand 110. Lior Handelsman, Vice President Product Strategy and Business Development, will be presenting the SolarEdge next generation power optimizer, which has been nominated for the Intersolar Innovation Award, in the Innovation Exchange in Hall B3, Stand 450 on each day of the trade fair at 11:30 a.m. On June 13 at 14:00, SolarEdge cordially invites all journalists to a press conference.

About SolarEdge Technologies

SolarEdge Technologies provides end-to-end distributed solar power optimization and PV monitoring solutions, allowing maximum energy production for faster return on investment. The SolarEdge power optimizers perform MPPT per individual module while monitoring the performance of each module. The high efficiency SolarEdge solar inverter is tailor-made to work with power optimizers. The SolarEdge system provides optimal power, flexible design and full roof utilization. Module-level electronics enable enhanced maintenance and increased system safety with the unique SafeDC™ mechanism. SolarEdge is online at www.solaredge.com.

SOURCE SolarEdge Technologies