Solar inverter producer SolarEdge has unveiled its latest innovation, the SolarEdge ONE system, at this year's RE+ conference in Las Vegas. Designed to cater to the needs of business owners and the corporate & industrial (C&I) solar sector, this new software system leverages real-time data from external sources like weather and utility rates, as well as on-site information, including historical PV production, site consumption, and user preferences, using advanced algorithms. The goal is to optimize both energy consumption and production for residential and C&I use.
SolarEdge ONE seeks to create synergies within diverse assets within an energy system, including electric vehicle (EV) fleets and energy storage, in conjunction with solar PV. Site owners can conveniently monitor plant performance, such as PV production, EV charging, and load optimization, through a desktop application that offers granular visibility down to the level of individual modules.
One of the system's key advantages is its ability to enable remote monitoring and troubleshooting, reducing the need for costly site visits. Additionally, it allows users to maximize the utilization of excess PV generation during peak price periods, contributing to cost savings and improved efficiency.
This announcement aligns with the growing interest in smart system optimization within the solar industry, addressing both grid and transmission optimization and enhancing data monitoring capabilities to manage extreme weather events and variability.
In April, the National Renewable Energy Laboratory (NREL) and tech certification company UL Solutions introduced a new cybersecurity specification aimed at safeguarding solar, wind, and storage assets connected to the US distribution grid. Inverter-based products, including those from SolarEdge, were identified as particularly vulnerable to potential cyberattacks.
Alongside its groundbreaking product unveiling, SolarEdge has reported robust financial performance during the first half of 2023, with both Q1 and Q2 marking “record” quarters for the company, generating revenues of US$944 million and US$948 million, respectively.
