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Intersolar 2024: SolarEdge Launches New Powerful Solution for Small-Medium Utility Scale and Dual-Use Solar Segment in Germany

News

Intersolar 2024: SolarEdge Launches New Powerful Solution for Small-Medium Utility Scale and Dual-Use Solar Segment in Germany
News

News

Intersolar 2024: SolarEdge Launches New Powerful Solution for Small-Medium Utility Scale and Dual-Use Solar Segment in Germany

2024-06-20 15:46 Last Updated At:16:00

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)

SolarEdge TerraMax™ Inverter and H1300 Power Optimizer (Photo: Business Wire)

HELSINKI (AP) — Estonia’s president formally appointed the Baltic country’s new government on Monday after lawmakers gave the green light to Prime Minister-designate Kristen Michal’s three-party coalition Cabinet.

Addressing the new Cabinet, which is to be sworn in Tuesday, President Alar Karis said the government's comfortable majority in the 101-seat Riigikogu, or Parliament, brings along “special responsibility."

Under a revised government program agreed on Friday, Michal’s first Cabinet will focus on improving Estonia’s ailing state finances, among other things, through hiking income tax and value added tax, in addition to raising the excise tax on alcohol, tobacco and gasoline.

In a 64-27 vote, lawmakers approved the proposed government of Michal, who is a seasoned politician but a first-time prime minister, from the governing center-right Reform Party.

The 49-year-old Michal, who earlier served as climate, justice and economics minister, was tapped to become Estonia’s new prime minister in late June, just days after his predecessor Kaja Kallas was chosen to be the European Union’s new foreign policy chief — a post she will take up later this year.

Kallas, Estonia’s first female head of government, formally resigned a week ago after which Michal started sounding possibilities for a broad-based coalition Cabinet. Following intense talks with parties last week, he decided to stick with the composition of Kallas’ outgoing government with senior partner Reform Party supported by the center-left Social Democrats and the liberal Estonia 200 party.

In addition to finances, the new Cabinet also pledges to continue investing strongly into defense and security in the small NATO nation of 1.3 million that borders Russia to the east.

In the key Cabinet posts, Margus Tsahkna from Estonia 200 will continue as foreign minister and Social Democrat Lauri Läänemets as interior minister. Reform’s veteran politician Jürgen Ligi makes a return to a government post and takes over the finance minister portfolio.

Michal has been active in the Reform Party, Estonia’s dominant party, since the late 1990s. He served as minister for climate affairs in Kallas’ last Cabinet, which took office in April 2023.

Michal also served as Reform’s party secretary and as a member of Tallinn City Council. He is set to take over Reform's chairmanship from Kallas in the fall.

Estonia's new government is formally appointed. Its first priority is to improve state finances

Estonia's new government is formally appointed. Its first priority is to improve state finances

Estonia's Prime Minister Kaja Kallas speaks during her arrival at the NATO summit in Washington, Thursday, July 11, 2024. (AP Photo/Mark Schiefelbein)

Estonia's Prime Minister Kaja Kallas speaks during her arrival at the NATO summit in Washington, Thursday, July 11, 2024. (AP Photo/Mark Schiefelbein)

Estonia's new government is formally appointed. Its first priority is to improve state finances

Estonia's new government is formally appointed. Its first priority is to improve state finances

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