SolarEdge to Invest in German Software Start-Up Aiming to Decarbonize the Multi-Dwelling Sector - Seite 2

Dr. Karsten Schmidt, CEO and co-founder of AMPEERS ENERGY, said: "SolarEdge stands at the forefront of smart renewable energy technologies. This collaboration is centered around a holistic approach that combines technology, software and services. We are focused on providing residential portfolios with a scalable PV tenant electricity solution, embedded into an overall carbon strategy. This comprehensive package streamlines the process for housing companies to swiftly and cost-effectively adopt a climate-positive energy supply.”

The investment is subject to certain customary closing conditions and regulatory approvals and is expected to be finalized during the first half of 2024.

About AMPEERS Energy

AMPEERS ENERGY is the preferred partner of the real estate industry when it comes to achieving a climate-positive energy supply. AMPEER ENERGY assists housing companies in promptly achieving a carbon-neutral portfolio while ensuring long-term economic viability. With its software-as-a-service platform, AMPEERS ENERGY efficiently oversee the entire decarbonization process, from emissions analysis to identifying necessary modernization measures, system installation, and ongoing technical and economic management.

About SolarEdge

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. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions. Visit us at: solaredge.com

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¹ “Solar Package” legislation in Germany, upcoming in 2024: https://www.bmwk.de/Redaktion/DE/Downloads/Gesetz/20230816-entwurf-ein ...
² According to the German Federal Statistical Office: https://www.destatis.de/DE/Presse/Pressemitteilungen/2023/07/PD23_297_ ...

View source version on businesswire.com: https://www.businesswire.com/news/home/20240307972800/en/

The SolarEdge Stock at the time of publication of the news with a raise of +0,96 % to 65,16USD on Tradegate stock exchange (07. März 2024, 14:47 Uhr).