SolarEdge Technologies has completed the acquisition of Wevo Energy Ltd, a software startup specializing in EV charging optimization and management for sites with large numbers of EV chargers including apartment buildings, workplace carparks and public charging locations.
Wevo’s software is vendor agnostic and supports industry-leading open protocols to enable multi-user pricing and billing, tiered prioritization of charging schedules, predictive load management, and a range of additional services. To date, Wevo has electrified many thousands of parking spaces across North America, Europe and the Middle East.
The platform is already offered alongside SolarEdge’s EV chargers, solar inverters and meters, providing a holistic real-time view of solar production, grid consumption and EV charging, and will also be included in the SolarEdge ONE energy optimization system for the Commercial and Industrial (C&I) segment which facilitates integration of on-site solar generation, battery storage and large-scale EV charging.
As the EV market continues to grow, distributed renewable energy will be key to unlocking the full potential of the electrification of mobility.
Zvi Lando, CEO, SolarEdge Technologies, says: “This acquisition represents the continuation of SolarEdge’s strategy to enhance its software portfolio for the C&I segment. We are excited for Wevo to join the SolarEdge team following our initial investment and the impressive progress it has demonstrated over the past year.
“As the EV market continues to grow, distributed renewable energy will be key to unlocking the full potential of the electrification of mobility. Wevo’s software capabilities and know-how represent a building block for EV-attached solar, and today it becomes a part of SolarEdge’s energy ecosystem”.
Teddy Flatau, CEO, Wevo Energy, adds: “Wevo’s mission is to make EV charging accessible by electrifying every parking space. As a subsidiary of SolarEdge, we will be able to develop a combined solution, offering a seamless experience for EV drivers by optimizing charging with clean, solar-powered energy and maximizing cost savings. This will allow a significant step forward to achieving a low-carbon future.”
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