SolarEdge Launches New Battery Cell Line for Stationary Energy Storage

Israel-based maker of solar inverters, power optimizers and monitoring systems, SolarEdge Technologies has announced that its Energy Storage Division has begun shipping new battery cells designed for stationary energy storage applications.

SolarEdge said in its official statement that the new line of Nickel Manganese Cobalt (NMC) pouch cells, manufactured at Sella 2, the Company’s new battery cell manufacturing facility in South Korea, has been optimized for energy storage applications for the residential, commercial and utility scale segments.

SolarEdge mentioned that the cells support high cycle life (up to 8000 cycles), high energy density, high-power throughput and a wide temperature range without compromising operational life. This enables the company to provide battery solutions that support a broad range of use cases, including demanding grid-stability applications.

Ronen Faier, CFO and General Manager of Energy Storage division, SolarEdge, stated, commented, “The global stationary storage market is estimated to grow from approximately 45GWh in 2022 to 164GWh by 2030 and SolarEdge is focused on supporting this critical segment. Owning key processes and cell chemistries will allow us to further secure the resilience of our supply chain and provides us with the flexibility to produce cells optimized for various energy storage solutions.”

SolarEdge claims to be a leader in smart energy technology in the world by creating smart energy solutions including an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. Its DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system.

Currently, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions.

Recently, SolarEdge said that it will be acquiring the entire share capital of Hark Systems Ltd., a company that offers flexible Software as a Service (SaaS) Internet of Things (IoT) platform that allows enterprises and asset operators to connect, analyse and optimize industrial assets and energy in their commercial sites. The company didn’t disclose the financial details of the acquisition.