MILPITAS, Calif.--(BUSINESS WIRE)--Jun 20, 2024--
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announces the German launch of its high-power SolarEdge TerraMax™ Inverter combined with H1300 Power Optimizers. The new SE300K 1 inverter has received certification and is now available for order in Germany.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240620672848/en/
Targeting small-to-medium utility scale PV installations, the new versatile solution is suitable for varied topologies and challenging site conditions, ideal for ground mounted sites on sloped, uneven, or irregular shaped terrains, and dual use sites for applications such as floating PV and Agri-PV with trackers.
The SolarEdge TerraMax Inverter provides SolarEdge’s benefits of advanced Module Level Power Electronics (MLPE), that include more energy by overcoming module mismatch and shading losses, also common in bi-facial modules and vertical PV, built-in safety features, as well as design flexibility. The solution will be powered by the SolarEdge ONE for C&I new energy optimization platform, with high-precision module-level monitoring and PV fleet management for reduced site visits, increased system uptime and lower O&M costs.
The optimized utility solution is designed to increase energy production through 99% inverter efficiency, 200% DC-oversizing and an integrated night-time PID rectifier. The design supports up to 80-module string lengths, requiring less cabling and overall equipment. This can lead to reduced balance of system (BoS) costs by as much as 50%. Pre-commissioning also allows early system validation of components and wiring, prior to AC connection.
Alfred Karlstetter, Europe General Manager at SolarEdge Technologies, said: “We are pleased to bring the benefits of power optimization and high-resolution monitoring to the German utility solar segment with the introduction of our new high-power SolarEdge TerraMax Inverter. We believe that SolarEdge’s leading DC-optimization technology will help maximize value to investors and EPCs.”
1 Delivering up to 297kW of power in Germany in line with local grid regulation (VDE-AR-N 4110 and VDE-AR-N 4120)
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 and grid services solutions. SolarEdge is online at solaredge.com
SolarEdge TerraMax™ Inverter and H1300 Power Optimizer (Photo: Business Wire)
BRUSSELS (AP) — European Union leaders signed off on a trio of top appointments for their shared political institutions on Thursday, reinstalling German conservative Ursula von der Leyen as president of the European Commission for another five years.
At the side of von der Leyen, who heads the EU’s executive branch, would be two new faces: Antonio Costa of Portugal as European Council president and Estonia’s Kaja Kallas as the top diplomat of the world’s largest trading bloc.
“Mission Accomplished,” outgoing EU Council President Charles Michel told reporters after chairing a summit of the bloc's leaders, as von der Leyen and Kallas accompanied him at a joint a news conference. Costa took part via video-link.
Von der Leyen expressed her gratitude for a shot at a second term of office, saying: “I’m very honored and I’m delighted to share this moment.”
Kallas, who as the EU’s top diplomat will lead the bloc’s foreign and security policy with Russia's war on Ukraine in its third year, noted that “there is war in Europe, also growing instability globally. My aim is definitely to work for the European unity.”
Both von der Leyen and Kallas should now be approved by European lawmakers. Costa’s nomination only needed the leaders’ approval, and he will start in his new role in fall.
After the three centrist political families in the European Parliament struck a deal earlier this week, the top jobs package was widely expected to be approved without controversy at the summit in Brussels.
But far-right politicians, emboldened by their strong showing in EU parliament elections earlier this month, slammed it as a stitch-up.
Italian Prime M inister Giorgia Meloni made clear her displeasure at being excluded from preparatory talks with a small group of leaders who divvied up the top jobs. Her nationalist European Conservatives and Reformists group emerged as the third force in the EU parliament elections earlier this month.
Meloni voted against Portugal’s Costa and Estonia’s Kallas, two sources close to the discussions told The Associated Press on condition of anonymity. Meloni abstained on von der Leyen for European Commission president, the same sources confirmed. The officials requested anonymity in line with EU practice.
In a post on X, Meloni said the way that mainstream parties put forward the trio “is wrong in method and substance. I decided not to support it out of respect for the citizens and the indications that came from those citizens during the elections.”
In the end only one leader, nationalist Hungarian Prime Minister Viktor Orbán, rejected the three outright.
“European voters were cheated,” he said on Facebook Thursday evening. “We do not support this shameful agreement!” His objections were moot: the package only needed a two-thirds majority to pass.
The June 6-9 election saw the EU’s legislature shift to the right and dealt major blows to mainstream governing parties in France and Germany, but the three mainstream groups managed to hold a narrow majority of seats.
Costa, a former Portuguese prime minister, hails from the center-left Socialists and Democrats group, which came second. Kallas is prime minister of her tiny Baltic home country. She comes from the pro-business liberal group, which is also home to embattled French President Emmanuel Macron and lost seats in the June poll, trailing into fourth place.
EU top appointments are supposed to ensure geographic and ideological balance, but ultimately it is the 27 leaders who call the shots - and generally the most powerful among them.
While Costa’s appointment is decided by EU leaders alone, both von der Leyen and Kallas will also need to be approved by a majority of lawmakers. With 720 members, the threshold is 361. That vote could happen when the newly constituted European Parliament meets for the first time in July.
The European Council is the body composed of the leaders of the 27 member states. If confirmed, Costa’s role as president would be to broker deals within an often hopelessly divided political club. In Portugal, he is known as a savvy negotiator.
As foreign affairs chief Kallas, whose country neighbors Russia and has taken a strong line on Moscow in its war with Ukraine, would represent the bloc on the world stage.
But von der Leyen’s role is the most powerful. As commission president, her job is to devise and implement the bloc’s shared policy on everything from migration to the economy and environmental rules.
With the far right pushing back against the flagship EU policies ushered through in the last five years, von der Leyen’s critics charge she is poised to roll back ambition.
European Commission President Ursula von der Leyen and Estonia's Prime Minister Kaja Kallas walk together to a media conference during an EU summit in Brussels, early Friday, June 28, 2024. European Union leaders signed off a trio of top appointments for their shared political institutions on Thursday evening, reinstalling German conservative Ursula von der Leyen as president of the European Commission for another five years. At the side of von der Leyen should be two new faces: Antonio Costa of Portugal as European Council President and Estonia's Kaja Kallas as the top diplomat of the world's largest trading bloc. (AP Photo/Geert Vanden Wijngaert)
From left, European Council President Charles Michel, European Commission President Ursula von der Leyen, Estonia's Prime Minister Kaja Kallas and Belgium's Prime Minister Alexander De Croo walk together to a media conference at an EU summit in Brussels, early Friday, June 28, 2024. European Union leaders signed off a trio of top appointments for their shared political institutions on Thursday evening, reinstalling German conservative Ursula von der Leyen as president of the European Commission for another five years. At the side of von der Leyen should be two new faces: Antonio Costa of Portugal as European Council President and Estonia's Kaja Kallas as the top diplomat of the world's largest trading bloc. (AP Photo/Geert Vanden Wijngaert)
CORRECTS ID - Austrian Chancellor Karl Nehammer, right, greets Ukraine's President Volodymyr Zelenskyy prior to a group photo at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
Front fow left to right, Romania's President Klaus Werner Ioannis, Ukraine's President Volodymyr Zelenskyy, European Council President Charles Michel, Belgium's Prime Minister Alexander De Croo, Latvia's Prime Minister Evika Silina and French President Emmanuel Macron during a group photo at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
Estonia's Prime Minister Kaja Kallas, center, walks with Ireland's Prime Minister Simon Harris, center right, prior to a group photo at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
Poland's Prime Minister Donald Tusk, right, speaks with Germany's Chancellor Olaf Scholz, left, during a round table meeting at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (Olivier Hoslet, Pool Photo via AP)
Estonia's Prime Minister Kaja Kallas waits for the start of a round table meeting at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Omar Havana)
French President Emmanuel Macron, right, speaks with European Commission President Ursula von der Leyen during a round table meeting at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (Olivier Hoslet, Pool Photo via AP)
The media are asked to leave the room prior to a round table meeting at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Omar Havana)
Poland's Prime Minister Donald Tusk, front right, speaks with European Commission President Ursula von der Leyen, second right, Cypriot President Nikos Christodoulides, center, and French President Emmanuel Macron, second left, during a group photo at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
From left, Hungary's Prime Minister Viktor Orban, Bulgaria's Prime Minister Dimitar Glavchev, Italy's Prime Minister Giorgia Meloni, Malta's Prime Minister Robert Abela and Lithuania's President Gitanas Nauseda pose during a group photo at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
Hungary's Prime Minister Viktor Orban, right, speaks with Italy's Prime Minister Giorgia Meloni prior to a group photo at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
Italy's Prime Minister Giorgia Meloni waits for the start of a round table meeting at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (Olivier Hoslet, Pool Photo via AP)
From left, Ukraine's President Volodymyr Zelenskyy, Germany's Chancellor Olaf Scholz, European Council President Charles Michel and European Commission President Ursula von der Leyen during a round table meeting at an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (Olivier Hoslet, Pool Photo via AP)
European Council President Charles Michel, right, and Ukraine's President Volodymyr Zelenskyy arrive for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Omar Havana)
European Council President Charles Michel, right, and Ukraine's President Volodymyr Zelenskyy arrive for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
European Council President Charles Michel, right, poses with Ukraine's President Volodymyr Zelenskyy as they arrive for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
European Council President Charles Michel, right, and Ukraine's President Volodymyr Zelenskyy arrive for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
European Council President Charles Michel, right, and Ukraine's President Volodymyr Zelenskyy speak with the media during arrivals for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
European Council President Charles Michel, right, and Ukraine's President Volodymyr Zelenskyy speak with the media during arrivals for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
Ukraine's President Volodymyr Zelenskyy speaks with the media as he arrives for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
European Council President Charles Michel, right, and Ukraine's President Volodymyr Zelenskyy speak with the media during arrivals for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
Poland's Prime Minister Donald Tusk speaks with the media as he arrives for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Omar Havana)
Bulgaria's Prime Minister Dimitar Glavchev arrives for an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected on Thursday to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Omar Havana)
Pedestrians walk in front of a banner outside EU headquarters ahead of an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
European Union flags flap in the wind ahead of an EU summit in Brussels, Thursday, June 27, 2024. European Union leaders are expected to discuss the next EU top jobs, as well as the situation in the Middle East and Ukraine, security and defence and EU competitiveness. (AP Photo/Geert Vanden Wijngaert)
