solaredge

Amid the transition to more decentralised energy systems, solar projects are exposed to new cybersecurity risks, says SolarEdge's Uri Sadot.

The inverters will be used for commercial solar installations across the US “estimated to exceed 100MW”, Summit Ridge said.

Share prices for inverter manufacturer SolarEdge have risen since the start of the week following news the company is cutting 400 jobs, its fourth layoff in the past year.

Nir served as the company’s chief marketing executive since June 2024 and will succeed Ronen Faier, who served as interim CEO of the company since August 2024.

SolarEdge interim CEO Ronen Faier has spoken about the closure of the company’s utility-scale battery storage manufacturing business.

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

Cormac Gilligan of S&P Global said macro market forces have combined with technology shifts to impact the fortunes of inverter producers.

The tax credits, which amount to nearly US$40 million, were generated by sales of PV inverters made in the US during the first half of 2024.

Zvi Lando had been in the post for five years and served as SolarEdge’s VP of global sales for ten years prior to that.

Israel-headquartered solar inverter supplier SolarEdge has reported a quarterly decline in shipments in the second quarter of 2024 with 873MW.