SolarEdge announces layoffs and closes storage division, shifts focus to PV

By Andy Colthorpe
Facebook
Twitter
LinkedIn
Reddit
Email
A SolarEdge event stand.
The move reduces SolarEdge’s headcount by around 500 employees, most of whom are based in South Korea. Image: Jonathan Touriño Jacobo for PV Tech.

SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.

The NASDAQ-listed solar PV and energy management solutions company, headquartered in Herzliya, Israel, announced the discontinuation of the division yesterday (27 November).

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The move reduces the company’s headcount by around 500 employees, most of whom are based in South Korea, where SolarEdge acquired a majority stake in industrial and utility battery manufacturer Kokam in 2019.  

According to a Form 8-k filed with the US Securities and Exchange Commission (SEC), “almost all” impacted staff will be dismissed in the first half of 2025.

The move is expected to incur costs of up to US$99 million in aggregate pre-tax discontinuation and asset-related charges and between US$36 million and US$48 million for costs, including severance packages and non-cancellable purchase orders.

Most of the employees to be let go work in manufacturing, SolarEdge said. The company is best known for its activities in the residential and commercial & industrial (C&I) solar PV market, including the development and production of power optimisers and inverters.

The closure of the company’s energy storage division is part of a strategic move to “focus on its core solar activities,” although SolarEdge said its solar business will continue selling battery products into the residential and C&I space.

It was not clear from announcements whether those products for distributed applications, including cells, will be supplied from SolarEdge in-house production facilities.

Read the full version of this story on Energy-Storage.news.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Cordelio Power has started commercial operations at its 150MW Winfield solar project in Lincoln County, Missouri.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines