Sustainability Report 2022 /
Company Profile
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SolarEdge was founded in 2006 by five visionaries who saw the possibility to revolutionize the way power is harvested from the sun. One of our earliest innovations was an intelligent optimized inverter solution that transformed the solar industry and has led to SolarEdge becoming the number one inverter company (by revenues) for 4 years consecutively (2018-2021)[1].
SolarEdge is a global leader in high-performance smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, we create smart energy products and solutions that power our lives and drive future progress.
To power the future of energy so we can all enjoy better, more energy-efficient lifestyles and a greener, sustainable future.
Our social purpose:
Shaping the future of sustainable energy production, energy storage and e-Mobility through technological innovation.
Our social mission:
We continuously aim for wide-ranging impact
We value and empower our people; and
We are initiators and confidently take action;
We live and breathe innovation and we are never done learning;
Our customer is at the center of everything we do;
We constantly strive for excellence & quality ;
Our core company
values are:
Our products and services:
SolarEdge addresses a broad range of energy market segments through PV, energy storage, EV charging, batteries, electrical vehicles and grid services solutions. The SolarEdge DC-coupled architecture maximizes PV power generation, solar energy storage and self-consumption, hence lowering the overall cost of energy produced by PV systems. Our solutions and global distribution support the worldwide transition from centralized, fossil fuel-based energy to clean, distributed and renewable power generation and consumption.
in our research and development organization at year end 2022
at year end 2022
employees (approx.)
employees (approx.)
1,428
4,926
Power Optimizers shipped, cumulative
(approx.) of our systems shipped worldwide (since 2010)
countries with SolarEdge installations
462 patent applications filed worldwide
awarded patents and approximately
tonnes CO2[2] emissions are avoided annually through the use of our installed systems
residential installers worldwide
solar energy installations around the world monitored by SolarEdge systems
>3.1 million
inverters shipped, cumulative
solar inverter company, by revenues
107.6 million
40.0 GW
133
444
31 million
>53,000
4.5 million
#1
Our reach at the end of 2022:
spending on research and development in 2022
revenues in 2022 (GAAP)
$290 million
$3.1 billion
Our financials[3]:
Our stock is traded on the NASDAQ Global Select Market, where stock prices are quoted under the symbol “SEDG”.
solar energy installations around the world monitored by SolarEdge systems
>3.1 million
Power Optimizers shipped, cumulative
(approx.) of our systems shipped worldwide (since 2010)
countries with SolarEdge installations
462 patent applications filed worldwide
awarded patents and approximately
tonnes CO2[2] emissions are avoided annually through the use of our installed systems
residential installers worldwide
inverters shipped, cumulative
solar inverter company, by revenues
107.6 million
40.0 GW
133
444
31 million
>53,000
4.5 million
#1
Our reach at the end of 2022:
Shaping the future of sustainable energy production, energy storage and e-Mobility through technological innovation.
Our social mission:
To power the future of energy so we can all enjoy better, more energy-efficient lifestyles and a greener, sustainable future.
Our social purpose:
Our products and services:
SolarEdge addresses a broad range of energy market segments through PV, energy storage, EV charging, batteries, electrical vehicles and grid services solutions. The SolarEdge DC-coupled architecture maximizes PV power generation, solar energy storage and self-consumption, hence lowering the overall cost of energy produced by PV systems. Our solutions and global distribution support the worldwide transition from centralized, fossil fuel-based energy to clean, distributed and renewable power generation and consumption.
SolarEdge was founded in 2006 by five visionaries who saw the possibility to revolutionize the way power is harvested from the sun. One of our earliest innovations was an intelligent optimized inverter solution that transformed the solar industry and has led to SolarEdge becoming the number one inverter company (by revenues) for 4 years consecutively (2018-2021)[1].
SolarEdge is a global leader in high-performance smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, we create smart energy products and solutions that power our lives and drive future progress.
We continuously aim for wide-ranging impact
We value and empower our people; and
We are initiators and confidently take action;
We live and breathe innovation and we are never done learning;
Our customer is at the center of everything we do;
We constantly strive for excellence & quality ;
Our core company
values are:
in our research and development organization at year end 2022
at year end 2022
employees (approx.)
employees (approx.)
1,428
4,926
Company Profile
Sustainability Report 2022 /
Based on revenues. Source: IHS PV Inverter Market tracker, Fourth Quarter 2022. The 2022 annual data was not yet available upon the release of this report.
Emissions avoided annually through the full-year usage of all SolarEdge systems shipped by the end of 2022. The calculation was based on an average conservative ratio of 1,100 kWh per installed kW. The calculated KWh were converted to saved emissions using the Greenhouse Gas Equivalencies Calculator of the EPA: https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
GAAP basis. For additional information, please see our financial report for the quarterly period ended March 31, 2022, filed on Form 10-Q. https://investors.solaredge.com/node/11861/html.
spending on research and development in 2022
revenues in 2022 (GAAP)
$290 million
$3.1 billion
Our financials[3]:
Our stock is traded on the NASDAQ Global Select Market, where stock prices are quoted under the symbol “SEDG”.
[1]
[2]
[3]
Join the SolarEdge Conversation
Contact a product expert or sales representative
Contact us
How can we help you?