SolarEdge completes acquisition of Wevo Energy Ltd. to enhance EV charging optimization and management
SolarEdge completes acquisition of Wevo Energy Ltd. to enhance EV charging optimization and management
04/04/24, 11:06 AM
Location
herzliyaein veredIndustry
solar
renewable energy
energy
energy
software
SolarEdge Technologies, Inc. has successfully acquired Wevo Energy Ltd., a software startup specializing in EV charging optimization and management. This strategic acquisition enhances SolarEdge's software portfolio for the Commercial and Industrial (C&I) segment and enables the development of a combined solution, offering a seamless experience for EV drivers by optimizing charging with clean, solar-powered energy and maximizing cost savings.
Company Info
Location
Herzliya, Tel Aviv, Israel
Company info
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.
Established in 2006, SolarEdge developed the DC optimized inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge intelligent inverter solution maximizes power generation while lowering the cost of energy produced by the PV system, for improved RoI.
Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its diversified product offering, including residential, commercial and large scale PV, battery storage and backup solutions, EV charging, home energy management, grid services and virtual power plants, and uninterrupted power supply (UPS) solutions