SolarEdge acquires EV charging software startup

SolarEdge acquires EV charging software startup

SolarEdge Utilized Sciences introduced that it achieved the acquisition of the whole share capital of Wevo Energy. Wevo is a software program program startup specializing in EV charging optimization and administration for web sites with large parts of EV chargers just like rental buildings, workplace carparks, and public charging locations.

Wevo’s software program program is designed to be vendor-agnostic and helps industry-leading open protocols, enabling multi-user pricing and billing, tiered prioritization of charging schedules, predictive load administration, and an expansion of additional firms. To this point, Wevo has electrified many 1000 parking areas all through North America, Europe, and the Middle East. Wevo is already built-in with SolarEdge’s EV chargers, photograph voltaic inverters, and meters, for a holistic real-time view of photograph voltaic manufacturing, grid consumption, and EV charging.

The Wevo decision may even be part of the SolarEdge ONE energy optimization system for the C&I part, designed to produce SolarEdge prospects with a single energy optimization decision that orchestrates and integrates between on-site photograph voltaic period, battery storage, and large-scale EV charging.

“This acquisition represents the continuation of SolarEdge’s approach to strengthen its software program program portfolio for the C&I part. We’re excited for Wevo to hitch the SolarEdge group following our preliminary funding and the spectacular progress it has demonstrated over the earlier 12 months. As a result of the EV market continues to develop, distributed renewable energy will seemingly be key to unlocking the whole potential of the electrification of mobility. Wevo’s software program program capabilities and know-how characterize a establishing block for EV-attached photograph voltaic, and at the moment it turns into a part of SolarEdge’s energy ecosystem,” acknowledged Zvi Lando, CEO of SolarEdge Utilized Sciences.

Data merchandise from SolarEdge

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