Solar Builder

JAN-FEB 2019

Solar Builder focuses on the installation/construction of solar PV systems. We cover the latest PV technology (modules, mounting, inverters, storage, BOS) and equip installers/contractors with tips and tools to make informed purchasing decisions.

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Page 13 of 51

14 JA N UA RY / F E B RUA RY 2 0 1 9 As the smart home and electric vehicle revolution draws near, SolarEdge is put- ting its John Hancock on deals to stay at the forefront. The company kicked off 2019 with two big announcements con- cerning its role in the electric vehicle space. Announcement one: SolarEdge Technologies acquired SMRE Spa, a pro- vider of integrated powertrain technology and electronics for electric vehicles (EVs). Founded in 1999 and traded on the Italian AIM, SMRE has three business units: e-mobility, automated production machines and telematics software, and its solutions include powertrains with e-motor, motor drive, gearbox, battery, BMS, chargers, vehicle control unit (VCU) and software for EVs. With governments and automotive manufacturers committed to the electrifi- cation of transportation, the global market for electric vehicles is expected by industry experts to increase from approximately 1 million EVs in 2018 to approximately 20 million annually in 2030, with a CAGR of 30.6 percent from 2015 and until 2030. "The acquisition of SMRE is another step in executing our strategy of sustain- able growth by addressing an additional fast-growing and technologically syner- getic market while diversifying into new fields outside the solar arena," stated Guy Sella, CEO, chairman and founder of SolarEdge. "SMRE's innovative technolo- gy and experienced, successful team pro- vides SolarEdge with fast-track access to the high-growth e-mobility market. We believe that combining SMRE's vast experience and full powertrain technology with SolarEdge's innovative power and battery technology, proven operational excellence and global reach, positions us to become a market leader in this impor- tant market." Announcement two: SolarEdge's EV-charging solar inverter — already the first of its kind out there — now works with Google Assistant to better integrate all smart home solutions and to make EV charging simpler for consumers. "Smart homes have mainly been about convenience and interconnectivity, but the next step of the smart home is integrating smart energy management, such as EV charging," stated Lior Handelsman, SolarEdge's founder and VP of marketing and product strategy. "By merging the simplicity of smart homes with the value of smart energy through this collabora- tion with Google, SolarEdge is leading the way in making the power of smart solar energy more accessible to more peo- ple." Consumers can now tell the Google Assistant to start and stop EV charging, and SolarEdge plans to add more com- mands, including inquiring about charging status, checking average miles charged in the charging session and pre-scheduling charging. SolarEdge's EV charging solar inverter offers up to six times faster charging than standard Level 1 chargers through its innovative solar boost mode. IN THE NEWS Driver of Change SolarEdge starts 2019 with big moves in the EV space

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