SolarEdge Boosts EV Charging with Wevo Acquisition

• SolarEdge Technologies acquires Wevo Energy, enhancing EV charging optimization and management for large sites. Unlocking the full potential of solar and EV integration.

SolarEdge Technologies has acquired Wevo Energy, a software startup specializing in EV charging optimization and management for sites with large quantities of EV chargers. Wevo's software is vendor-agnostic and supports open protocols, enabling multi-user pricing, predictive load management, and more. The acquisition will integrate Wevo's solution with SolarEdge's EV chargers, solar inverters, and meters for a comprehensive view of solar production, grid consumption, and EV charging.

Wevo has electrified thousands of parking spaces across North America, Europe, and the Middle East. The acquisition is part of SolarEdge's strategy to enhance its software portfolio for the C&I segment and offer customers a single energy optimization solution that integrates solar generation, battery storage, and large-scale EV charging. CEO Zvi Lando sees Wevo's software capabilities as a key component in unlocking the full potential of the electrification of mobility and integrating EV-attached solar into SolarEdge's energy ecosystem.

How will SolarEdge's acquisition of Wevo Energy impact the solar industry?

• The acquisition of Wevo Energy by SolarEdge will likely lead to increased integration of EV charging optimization and management solutions with solar energy systems.
• SolarEdge's acquisition of Wevo Energy will enable the company to offer a more comprehensive energy optimization solution for commercial and industrial customers, integrating solar generation, battery storage, and EV charging.
• Wevo Energy's software capabilities will play a key role in unlocking the full potential of the electrification of mobility and integrating EV-attached solar into SolarEdge's energy ecosystem.
• SolarEdge's acquisition of Wevo Energy demonstrates the company's commitment to expanding its software portfolio and providing innovative solutions for the solar industry.
• The integration of Wevo Energy's technology with SolarEdge's existing products will likely lead to more efficient and cost-effective energy management solutions for customers with large quantities of EV chargers.