SolarEdge Acquires Wevo Energy, EV Charging Optimization and Management Software Startup


Wevo is a software program startup specializing in EV charging optimization and administration for websites with a number of EV chargers reminiscent of house buildings, office carparks and public charging places.

SolarEdge Applied sciences, Inc. (“SolarEdge”) (NASDAQ: SEDG), a world chief in good vitality know-how, immediately introduced that it has accomplished the acquisition of your complete capital of Wevo Vitality Ltd. (“Wevo”). Wevo is a software program startup specializing in EV charging optimization and administration for websites with a number of EV chargers reminiscent of house buildings, office carparks and public charging places.

Wevo’s software program is designed to be vendor agnostic and helps industry-leading open protocols, enabling multi-user pricing and billing, tiered prioritization of billing schedules, predictive load administration, and quite a lot of different options. extra service. Thus far, Wevo has electrified hundreds of parking heaps throughout North America, Europe and the Center East. Wevo is now built-in with SolarEdge’s EV chargers, photo voltaic inverters and meters, for a holistic real-time view of photo voltaic manufacturing, grid consumption and EV charging.

The Wevo resolution may also be a part of the SolarEdge ONE vitality optimization system for the Business and Industrial (C&I) phase, designed to supply SolarEdge prospects a single vitality optimization resolution that orchestrates and integrates between on-site photo voltaic era, battery storage and large-scale EV charging.

Zvi Lando, CEO, SolarEdge Applied sciences, stated: “This acquisition represents the continuation of SolarEdge’s technique to develop its software program portfolio for the C&I phase. We’re excited for Wevo to hitch the SolarEdge staff after of our preliminary funding and the spectacular development it has proven over the previous yr. Because the EV market continues to develop, distributed renewable vitality would be the key to unlocking the complete potential of electrification. in movement. Wevo’s software program capabilities and know-how characterize a constructing block for EV-attached photo voltaic, and now they’re a part of the SolarEdge vitality ecosystem.”

Teddy Flatau, CEO, Wevo Vitality, stated: “Wevo’s mission is to make EV charging accessible by electrifying each parking area. As a subsidiary of SolarEdge, we are able to create an built-in resolution, which affords a seamless expertise for EV drivers by optimizing charging with clear, solar-powered vitality and maximizing price financial savings. This may enable a major step ahead to realize a low-carbon future.”

About SolarEdge

SolarEdge is a world chief in good vitality know-how. By leveraging world-class engineering capabilities and with a relentless concentrate on innovation, SolarEdge creates good vitality options that energy our lives and drive future progress. SolarEdge has developed an clever inverter resolution that adjustments the way in which electrical energy is harvested and managed in photovoltaic (PV) programs. The SolarEdge DC optimized inverter seeks to maximise energy era whereas minimizing the price of vitality produced by the PV system. Persevering with to advance good vitality, SolarEdge addresses a variety of vitality market segments via PV, storage, EV charging, battery, and grid service options. Go to us at: solaredge.com

About Wevo Vitality

Wevo Vitality was based in 2021 to carry easy, environment friendly, and efficient EV charging to probably the most energy-demanding environments. Since then, it has developed AI-powered, vitality administration software program capabilities which have electrified hundreds of parking areas all over the world. For extra details about Wevo Vitality and its EV charging platform, please go to www.wevo.vitality.



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