SAN FRANCISCO and FREMONT, CALIFORNIA- July 9, 2015— SolarEdge Technologies, Inc. ("SolarEdge") (NASDAQ: SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services, and Sunrun, the largest dedicated residential solar company in the U.S, have formed a strategic supply relationship. As part of the agreement, SolarEdge will serve as Sunrun's preferred supplier of optimized inverter solutions available for use in Sunrun's home solar installations and through its distribution business, AEE Solar.
"Sunrun has focused on integrating innovative technologies into our business so we continue to deliver the best experience to new and existing customers," said Paul Winnowski, chief operating officer of Sunrun. "We're excited to partner with SolarEdge to ensure Sunrun customers have high quality home solar systems resulting in increased energy production and lower electricity costs."
SolarEdge's optimized inverters enable Sunrun customers to benefit from more flexible system designs, enhanced rooftop safety, and increased home energy production levels through features like SafeDC, integrated rapid shutdown, cellular connectivity and storage readiness. The technology also provides homeowners with remote troubleshooting and access to real-time performance data through the SolarEdge cloud-based monitoring platform.
"As one of the largest inverter companies supplying the U.S. residential market, we're pleased that our optimized products are part of the Sunrun family product offering," said Peter Mathews, North America General Manager for SolarEdge. "We are proud to align ourselves with a respected organization like Sunrun and look forward to working together to elevate the solar experience for more consumers nationwide."
About SolarEdge Technologies
SolarEdge provides an intelligent inverter solution that has changed the way power is harvested and managed in solar photovoltaic systems. The SolarEdge DC optimized inverter system maximizes power generation at the individual PV module-level while lowering the cost of energy produced by the solar PV system. The SolarEdge system consists of power optimizers, inverters and a cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. SolarEdge is online at solaredge.us
Sunrun pioneered solar as a service, a way for homeowners to go solar without a significant upfront investment, and is the largest dedicated residential solar company in the U.S. Sunrun provides end-to-end service for homeowners to choose clean, solar energy and receive predictable pricing for that solar energy for 20 years. The company designs, installs, finances, insures, monitors and maintains the solar panels on a homeowner's roof, while families pay just for the electricity at a lower rate than they pay their current utility. Since Sunrun introduced solar as a service in 2007, it has become the preferred way for consumers to go solar in the nation's top solar markets. For more information please visit: www.sunrun.com.
Hadas Rozen, Director of Marketing
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