{"id":52622,"date":"2021-08-04T06:36:18","date_gmt":"2021-08-03T20:06:18","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=52622"},"modified":"2021-08-04T06:36:18","modified_gmt":"2021-08-03T20:06:18","slug":"solaredge-q2-report-mb2102","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/","title":{"rendered":"SolarEdge Announces Record Revenues"},"content":{"rendered":"

\"SolarEdge<\/p>\n

Israel-headquartered inverter and power optimiser manufacturer SolarEdge saw record revenues in both its solar and non-solar businesses in the second quarter.<\/p>\n

Founded in 2006, SolarEdge pioneered the concept of a string solar inverter<\/a> matched with individual ‘DC optimisers’ attached to each solar panel that enable panel level monitoring, optimisation and rapid shutdown among their benefits. You can learn more about power optimisers here<\/a> along with other panel- level optimisation devices.<\/p>\n

The company has enjoyed significant success in Australia with its products judging by SolarEdge reviews<\/a> here on SolarQuotes and the brand scored silver in SQ’s Installers Choice Awards 2021 for inverters<\/a> in the high-end category. However, it is a polarising brand and there’s been a bit of argy-bargy between the company and some Australian installers over various issues in the past.<\/p>\n

SolarEdge yesterday announced revenues of USD $480.1 million for Q2 2021, $431.5 million of which was generated by its solar power segment. Revenues from this segment were up 15% from $376.4 million in Q1 and up 39% from $310.1 million in the same quarter last year.<\/p>\n

“We are successfully navigating through the challenging supply chain environment while continuing to support our customers\u2019 growth and expansion with new and existing products,” said<\/a> CEO Zvi Lando.<\/p><\/blockquote>\n

During Q2, the company reports it shipped 1.64 Gigawatts (AC) of inverters. I’m not clear on current tallies, but SolarEdge said it had shipped 2.5 million inverters and more than 60 million power optimizers in total by sometime last year.<\/p>\n

Looking to the current quarter, SolarEdge expects revenues to be within the range of $520 million to $540 million.<\/p>\n

Happy With Energy Hub<\/h2>\n

On a related note, an earnings call transcript<\/a> mentions the company’s Energy Hub backup-ready inverter, which has been available to the U.S. residential market for a while and has seen “very good acceptance”. Mr. Lando said SolarEdge began shipping the Energy Hub to Australia in this quarter.\u00a0<\/span><\/p>\n

So, what is it?<\/span><\/p>\n

The company says the Energy Hub<\/a>\u00a0 (pictured above) brings together the capabilities of all its existing residential inverters. DC-coupled battery-ready1<\/a><\/sup>, it is preconfigured to connect to SolarEdge’s Level 2 Smart EV Charger, has a built-in consumption meter and is generator-compatible with a firmware upgrade. It will also be compatible with some upcoming gadgets such as the SolarEdge Smart Energy Hot Water, Switches and Relays.<\/p>\n

The Energy Hub also offers “200%” DC oversizing compared to “155%” with SolarEdge’s legacy HD-Wave enabled inverters. However, that won’t be much use in Australia as the Clean Energy Council guidelines stipulate oversizing a system only up to 33% above inverter capacity is permitted – for example, a 5kW inverter can be used with a 6.6kW of solar panels<\/a>.<\/p>\n

As to whether the Energy Hub and Backup Interface can provide backup without a battery installed; SolarEdge says the system may operate, but it is not supported and “results will vary”.<\/p>\n","protected":false},"excerpt":{"rendered":"

Israel-headquartered inverter and power optimiser manufacturer SolarEdge saw record revenues in both its solar and non-solar businesses in the second quarter.<\/p>\n","protected":false},"author":17,"featured_media":52623,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-52622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nSolarEdge Announces Record Revenues - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Israel-headquartered inverter manufacturer SolarEdge saw record revenues in both its solar and non-solar businesses in the second quarter.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SolarEdge Announces Record Revenues\" \/>\n<meta property=\"og:description\" content=\"Israel-headquartered inverter manufacturer SolarEdge saw record revenues in both its solar and non-solar businesses in the second quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-03T20:06:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/solaredge-inverters.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"SolarEdge Announces Record Revenues\",\"datePublished\":\"2021-08-03T20:06:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/\"},\"wordCount\":494,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/08\/solaredge-inverters.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/\",\"url\":\"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q2-report-mb2102\/\",\"name\":\"SolarEdge Announces Record Revenues - 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This video focuses on the inverter, whose\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar panel optimisation","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/solar-panel-optimisation.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/solar-panel-optimisation.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/solar-panel-optimisation.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/solar-panel-optimisation.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/solar-panel-optimisation.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":25043,"url":"https:\/\/www.solarquotes.com.au\/blog\/solaredge-kokam-acquisition-mb0783\/","url_meta":{"origin":52622,"position":1},"title":"SolarEdge To Acquire Energy Storage Manufacturer","author":"Michael Bloch","date":"October 15, 2018","format":false,"excerpt":"SolarEdge Technologies, Inc. announced on Friday it had entered into agreements to acquire a major stake in South Korea based energy storage manufacturer Kokam Co., Ltd.\u00a0 If the Kokam name sounds familiar, that could be due to a high-profile large-scale energy project the company was involved with in Australia. 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This feature can also be called: Panel Level Optimisaton (PLO) and Module Level Power Electronics (MLPE) For the rest of this post, I'll simply call it PLO.\u2026","rel":"","context":"In "Solar Panels"","block_context":{"text":"Solar Panels","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-panels-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/solar-panel-optimisation.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/solar-panel-optimisation.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/solar-panel-optimisation.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/solar-panel-optimisation.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/05\/solar-panel-optimisation.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":25548,"url":"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q3-results-mb0810\/","url_meta":{"origin":52622,"position":3},"title":"SolarEdge Ships 3 Million Optimizers In Q3","author":"Michael Bloch","date":"November 5, 2018","format":false,"excerpt":"Israel-based SolarEdge has reported record revenue for the third quarter, racking up USD $236.6 million - up significantly year-over-year. SolarEdge's third quarter 2018 earnings summary state the result was up 4% from $227.1 million in Q2 and up 42% from $166.6 million year over year. The company shipped 3 million\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SolarEdge Q3 results","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/11\/solaredge-results.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/11\/solaredge-results.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/11\/solaredge-results.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/11\/solaredge-results.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":83395,"url":"https:\/\/www.solarquotes.com.au\/blog\/solaredge-q1-2024-results-mb2918\/","url_meta":{"origin":52622,"position":4},"title":"SolarEdge Struggles In Q1 2024","author":"Michael Bloch","date":"May 13, 2024","format":false,"excerpt":"Optimizer, inverter, battery storage and EV charger manufacturer SolarEdge had another challenging quarter to kick off the year. SolarEdge has had its ups and downs like most other players and the first quarter of this year proved to be the latter. According to its financial results for the first quarter\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"SolarEdge results Q1 2024","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/solaredge-results.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":38138,"url":"https:\/\/www.solarquotes.com.au\/blog\/panel-optimisers-danish-study\/","url_meta":{"origin":52622,"position":5},"title":"Danish Study Shows Solar Panel Optimisers Aren’t Always Optimal","author":"Ronald Brakels","date":"March 30, 2020","format":false,"excerpt":"Solar systems hate shade.\u00a0 They really do.\u00a0 Sometimes they talk to me in my dreams and it's always their number one complaint, right after being pooped on by birds.\u00a0 But these two problems are related -- they hate bird poop because it shades their solar cells. A common solution to\u2026","rel":"","context":"In "Solar Panels"","block_context":{"text":"Solar Panels","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-panels-2\/"},"img":{"alt_text":"Danish study - solar panel optimisers","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/optimiser-study.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/optimiser-study.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/optimiser-study.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/optimiser-study.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/03\/optimiser-study.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/52622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=52622"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/52622\/revisions"}],"predecessor-version":[{"id":52626,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/52622\/revisions\/52626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/52623"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=52622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=52622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=52622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}