SolarEdge acquires EV charging optimization and management startup

Photovoltaics Markets and Technology

Wevo Energy turns right into a subsidiary of SolarEdge, and collectively the companies plan to mix Wevo’s software program program reply into the SolarEdge ONE energy optimization system for the commercial and industrial (C&I) part.

In June SolarEdge Utilized Sciences launched it was implementing a model new software program program platform for the administration of solar-attached EV charging companies, and now it has bought the company.

The software program program was developed by Israel-based startup Wevo Energy. Its AI-based reply helps a number of chargers onto a single electrical wire, the company research, dynamically managing the obtainable current between fashions enabling simultaneous charging of a number of automobiles.

Wevo Energy was primarily based in 2021 to ship EV charging to densely populated parking areas. The reply is deployed at over 900 web sites, electrifying over 60,000 parking areas.

As a result of the EV market continues to develop, distributed renewable energy will in all probability be key to unlocking the whole potential of the electrification of mobility,” talked about Zvi Lando, CEO, of SolarEdge Utilized Sciences. “Wevo’s software program program capabilities and know-how characterize a establishing block for EV-attached photograph voltaic, and proper now it turns into a part of SolarEdge’s energy ecosystem.”

Designed to be vendor agnostic, Wevo’s software program program reply helps industry-leading open protocols, enabling multi-user pricing and billing, tiered prioritization of charging schedules, predictive load administration, and further corporations. Its load administration experience makes use of AI to intelligently allocate power to the place it’s needed most, allowing web sites to place in further charging stations with out pricey infrastructure upgrades, in accordance the company research.

SolarEdge research that the Wevo software program program can be part of the SolarEdge ONE energy optimization system for the commercial and industrial (C&I) part, which is designed to supply a single reply that allows the blending of on-site photograph voltaic period, battery storage, and large-scale EV charging for SolarEdge prospects. SolarEdge ONE was beforehand centered on the residential part.

Wevo will perform as a subsidiary of SolarEdge, primarily based on Teddy Flatau, Wevo Energy CEO. He talked about that the blended reply will present “seamless experience for EV drivers by optimizing charging with clear, solar-powered energy and maximizing worth monetary financial savings. It’s going to allow a significant step forward to reaching a low-carbon future.”

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