Smart energy technology firm SolarEdge has posted improved results for Q1 and says it remains on schedule for release of its next generation inverter and home battery. The company has also taken the wraps off its new ONE EV charger.
SolarEdge reported revenues of $219.5 million in Q1 2025, up 12% from $196.2 million in the prior quarter and $204.4 million in the first quarter of 2024. It’s still a far cry from Q1 2023’s revenue of a whopping $908.5 million.
The firm said it shipped 1,208 MW (AC) of SolarEdge inverters during the period compared to 946 MW during the same quarter in 2024. SolarEdge battery shipments for PV applications reached 180 MWh, compared to 128 MWh in Q1 last year. In terms of optimisers, more than 2.25 million were shipped compared to 1.071 million units in Q1 2024.
To date, the company has shipped 134.3 million optimizers and 5.9 million inverters since it was founded in 2006.
Commenting on the results, SolarEdge CEO Shuki Nir said:
“We are still in the early stages of our turnaround journey and have lots of work ahead of us. The numbers speak to the solid progress we’ve made, but it’s the energy inside the company, the pace of innovation, and the conversations we’re having with our customers that make me the most optimistic.”
Looking ahead, SolarEdge expects revenues for the current quarter to be within the range of $265 million to $285 million.
The firm’s “turnaround journey” certainly hasn’t been easy – particularly on staff. In January this year and after multiple rounds of layoffs in 2024, SolarEdge announced it will be shedding staff again; with hundreds more jobs to go. However, the firm has also been creating new jobs in connection with its newish facilities in the USA.
Nexus Update
SolarEdge’s next generation residential product portfolio is called Nexus. It includes what the company says is its most powerful residential inverter to date, a modular battery system and a meter collar solution.
We don’t have much information on the Nexus range, but previously we’ve been informed the new battery system will allow homeowners to start with a smaller 4.4kWh setup that can scale up to four modules per stack (up to 17.6kWh), and up to four batteries per inverter (up to 70.4kWh). The Nexus inverter was to offer up to 11.5kW capacity, but specs for both products may have changed since.
The existing SolarEdge home battery available in Australia is a non-modular system offering 9.7 kilowatt-hours of usable storage. While extra batteries can be installed (up to 3 per inverter), this also requires the installation of a Combiner Box.
“We believe that the Nexus solution will allow us to be more competitive in the marketplace,” said Mr. Nir earlier this year. “It generates more energy [?], shortens installation and commissioning times, addresses additional market segments, and reduces our cost structure.”
Mr. Nir said on Tuesday the company remains on track to deliver initial volumes of Nexus products during the fourth quarter of 2025. There’s been no mention to date if we’ll be one of the markets seeing initial deliveries of Nexus goodies, but Australia must be looking pretty tempting given our Cheaper Home Batteries government rebate program will well and truly be in full swing by that time.
SolarEdge ONE EV Charger Unveiled
In other SolarEdge news, the company launched its new smart EV charging solution at Intersolar Europe 2025.
The SolarEdge ONE EV Charger is now available for commercial applications, but is expected to be available for residential installations at the end of Q3 2025 – whether and when it will be available in Australia isn’t clear.
Suitable for both single-phase and three-phase connections (up to 22kW output on three-phase) with automatic switching built-in, the company says it seamlessly integrates with the full SolarEdge ecosystem and has a snap-on mounting for rapid installation.
For C&I applications, the ONE has advanced EV fleet energy management capabilities.
“The new solution is designed to autonomously calculate the most economical energy source to charge a fleet of EVs – whether that’s solar, battery or grid,” says SolarEdge.
At 235 x 230 x 130mm and weighing just 1.8 kilograms, it’s a compact unit that is significantly lighter than SolarEdge’s Home EV charger currently available in Australia. Another major point of difference is it features OCPP 1.6J support (commercial/stand-alone only).
Orders for a Pro version of the ONE, which will feature a built-in meter OLED display, are expected to open in late 2025. A datasheet for the SolarEdge ONE EV charger is available here, but note that document is for the EU market.
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