From pv journal USA
SolarEdge Applied sciences, an inverter specialist primarily based in Israel, reported file revenues of $890.7 million for the complete yr to December 31, 2022, with $837 million coming from the photo voltaic phase. Shipments in 2022 complete 14 GW of inverters and 6 MWh of batteries. The corporate stated its income of $3.11 billion will improve 58% yr over yr from 2021.
The corporate lately introduced that its power storage division has begun delivery battery cells for continuous power storage purposes from its Sella 2 gigafactory in South Korea. It started delivery nickel manganese cobalt pouch cells optimized for power storage purposes within the residential, business and utility-scale segments.
“International financial and geopolitical occasions mixed with submit pandemic dynamics have created an unprecedented demand for photo voltaic power normally and our merchandise particularly,” stated Zvi Lando, chief government officer of SolarEdge.
For the primary quarter of 2023, the corporate expects revenues to fall between $915 million and $945 million. It expects revenues from the photo voltaic phase to be within the vary of $875 million to $905 million, and a gross margin from the photo voltaic phase of 31% to 34%.
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