SolarEdge Reports ‘Record’ 2022 Revenues, Up 58% Annually

SolarEdge Gets Ready To Start Shipping Initial Products From US Fab By Q3/2023, After Reporting Strong Financials In 2022

Israel based solar inverter supplier SolarEdge Technologies, Inc exited 2022 with ‘record’ revenues of $3.11 billion that increased 58% annually, including $890.7 million in Q4/2022 as it expects to start rolling out initial products from the planned US manufacturing facility in Q3/2023.

High Energy Prices Driving Residential Battery Demand In Europe

1 Million+ European Homes Installed Solar PV & Energy Storage Systems In 2022 As Demand Grows Further, Says SolarPower Europe

Sky rocketing energy prices in Europe is not only leading to a distributed rooftop solar boom, but also driving a massive growth in residential battery energy storage systems (R-BESS), according to SolarPower Europe (SPE) that expects 71% annual growth for the latter with 3.9 GWh in 2022.

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