SolarEdge Announces Availability of SolarEdge ONE Optimization Solution for Homeowners with a Dynamic Rate Plan in Germany
04 June 2024 - 9:30PM
Business Wire
Dynamic rate plans are gradually being
introduced across Europe, with Germany set to make it mandatory for
all electricity providers to offer at least one dynamic rate plan
by the start of 2025
SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a
global leader in smart energy technology, today announced the
introduction of its dynamic rate optimization capability for
homeowners with a dynamic rate plan in Germany.
Dynamic rate plans are gradually being introduced across Europe
in order to support the clean energy transition with grid balancing
- with Germany set to make it mandatory for all electricity
providers to offer at least one dynamic rate plan by the start of
2025.
SolarEdge’s dynamic rate optimization capability is available
with a SolarEdge Home system as part of the Company’s new SolarEdge
ONE AI-based energy optimization system, working seamlessly with
applicable SolarEdge Home inverters and batteries. Designed to
maximize savings for homeowners with a dynamic rate plan, this
capability is designed to autonomously optimize energy production
and consumption by:
- linking to day-ahead electricity markets;
- developing a personalized 24-hour optimized energy plan for the
home;
- adapting to individual energy needs using predictive AI
algorithms;
- making hundreds of real-time decisions throughout the day based
on weather forecasts, changing utility rates, home consumption
patterns, solar production and homeowner preferences.
Based on AI predictions and real-time decisions, SolarEdge ONE
diverts excess PV to prioritized home devices, takes advantage of
off-peak pricing to charge a battery, or maximize feed-in revenue
by discharging during peak pricing hours. The dynamic rate
optimization capability will be available for most existing
SolarEdge single and three phase inverters and batteries.
Alfred Karlstetter, Europe General Manager at SolarEdge
Technologies, said: “Dynamic rate plans are gradually being
introduced across Europe. We believe that energy management is an
important enabler for homeowners in reducing their energy use
during peak hours. SolarEdge ONE will enable homeowners in Germany
to embrace dynamic rates while their energy consumption is
autonomously optimized, using our AI-driven smart energy management
capability.”
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 maximise 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
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version on businesswire.com: https://www.businesswire.com/news/home/20240529491464/en/
PR Contact Dana Noyman Head of Corporate Communications
& PR dana.noyman@solaredge.com
Lily Salkin Global Public and Media Relations Manager
Lily.salkin@solaredge.com
Investor Contact JB Lowe Head of Investor Relations
investors@solaredge.com
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