AcquisitionSolarEdge announced the acquisition of Wevo Energy, an Israeli-based developer of EV charging management software, supporting the strategy to grow its EV charger and battery business over time.
LeadershipSolarEdge Technologies announced the appointment of Ariel Porat, a former Siemens Energy executive, as Senior Vice President of Finance, positioning him to eventually assume the role of CFO.
Market PerformanceHome battery sales in the US were up 26%, driven by strong demand in California for battery storage equipment.