Power & Energy Solutions

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FREMONT, Calif. — November 8, 2017. SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in PV inverters, power optimizers, and module-level monitoring services, today announced its financial results for the third quarter ended September 30, 2017. Third Quarter 2017 Highlights  •    Revenues for the quarter of $166.6 million •    GAAP gross margin for the quarter of 34.9% •    GAAP operating income for the quarter of $25.4 million •    GAAP net income for the quarter of $28.0 million •    Non-GAAP net income for the quarter of $31.5 million •    GAAP net diluted earnings per share for the quarter of $0.61 •    Non-GAAP net diluted earnings per share for the quarter of $0.66 •    Cash flow from operating activities of $33.6 million •    676 Megawatts (AC) of inverters shipped for the quarter “We are happy to report another record quarter, in revenues, profitability and cash flow generation.  On the operational side, we shipped more than two million optimizers this quarter, and have now shipped more than 20 million optimizers since initiating sales in 2010,” said Guy Sella, Founder, Chairman and CEO of SolarEdge. “Sales this quarter from outside the United States were 51% of our revenues, resulting from our continued investment in global sales. We continue to generate increasing cash flow from operations

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The Bridgestone World Solar Challenge is one of the most popular competitions for solar vehicles in the world. The spectacular race took place in mid-October and encompassed 3,000 kilometres across Australia. With the help of the Lufft WS504 intelligent weather sensor, the Belgian Punch Powertrain Solar Team finished in the top three. "The Australian solar race is among the most challenging in the world and we are very pleased to be able to support the Punch Powertrain Solar Team again," says Tobias Weil, Lufft Marketing Director. "We congratulate the entire team on an amazing third-place finish.“ Knowing how to deal with the given weather conditions is a significant factor in the Bridgestone World Solar Challenge, which can determine victory or defeat. By using the compact WS504 all-in-one weather sensor from Lufft, the Punch Powertrain Solar Team had data from a total of six measurement parameters such as temperature, relative humidity, air pressure, wind direction, wind speed, and radiation available.

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Augsburg, November 07, 2017 – meteocontrol GmbH has won a strong partner in the shape of Kon-Tek Otomasyon AS, one of Turkey’s leading O&M service providers: Kon-Tek wants to control and monitor its entire portfolio of existing PV systems and all new systems using the meteocontrol monitoring system. meteocontrol has already equipped four new solar parks and the first existing systems with its monitoring components. All the systems will be monitored via the central platform VCOM (virtual control room). The Turkish PV market has reached its peak value to date in 2017 with newly installed capacity of around 1 GWp. Ever greater solar portfolios require professional monitoring. O&M service providers such as the Kon-Tek Energy Department face the challenge of consistently and efficiently implementing monitoring for their constantly growing system portfolio. This calls for an independent monitoring system that is flexible in terms of the integrated components and brings together both existing and new systems in one platform. Well positioned with monitoring from meteocontrol Kon-Tek wants to be ideally equipped for the future with a uniform monitoring system. The PV service provider is focusing on growth: By the end of 2017, the portfolio should cover around 100 MWp installed capacity, with the target

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Munich, 7 November 2017: With the initial commissioning of a combined photovoltaic plant and battery system in the Zambian province of Chisamba, BayWa r.e. has successfully completed the first pilot project in southern Africa. This makes the Agricultural Knowledge & Training Centre (AKTC) operated by the German and Zambian Ministry of Agriculture even more independent from the volatile power supply in Zambia. The plant supplies the farm for up to thirteen hours per day with 450 kWh of renewable energy for the irrigation of the agricultural land in the area. This equals the consumption of 150 litres of diesel fuel per day and the emission of 145 tonnes of CO2 per year. “We are really happy to have successfully completed our first project in Africa,” comments Christof Thannbichler, Managing Director of BayWa r.e. Solar Projects GmbH. “Based on our years of experience in project planning in the PV sector, we see great potential in the entire region for the implementation of further weak and off-grid projects. We are going to significantly expand our activity on the African continent and already have further projects in development.” The pilot plant on the premises of the AKTC farm consists of 260 solar modules erected in an east-west

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The new system is directed at addressing the main challenge faced by solar PV plants today: the need to achieve high returns in order to compete against other sources of energy With a budget of 650,000 euros, the project is set to launch its first drone-based inspection service in 2018Ingeteam is involved in a research project focused on optimizing PV plant performance with the use of drones. This new system is directed at meeting the main challenge faced by solar PV plants today: the need to achieve high returns in order to compete against other sources of energy, both renewable and fossil. The first drone-based inspection service is set to be launched in the course of next year. The drone is equipped with in-built sensors, algorithms to detect and classify potential causes of reduced panel performance (damage, soiling or deterioration), other algorithms to provide reliable, robust indicators of the technical and economic performance of the system, and an application to optimize maintenance activities. At an operational level, the project will lead to improved panel inspection, shorter measurement-taking and post-processing times, while minimizing operation and maintenance costs and maximizing the service life of the plant. The project is named SCARAB and is headed

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Zurich, Switzerland, November 2, 2017 - Microgrid and wireless technologies will integrate renewable solar energy and reduce the use of fossil fuels to power World Heritage Site in South Africa Bringing a modern, sustainable technology solution to a historically significant site, ABB has provided a microgrid system to integrate solar energy and supply power to Robben Island, the place where Nelson Mandela spent 18 years in prison during the apartheid era. Now a living museum and World Heritage Site, Robben Island lies 9 kilometers off the coast of Cape Town and previously relied on fuel-thirsty, carbon-emitting diesel generators as the only source of electric power. Essentially a small-scale electric grid, the new microgrid will substantially lower fuel costs and carbon emissions, enabling the island to run on solar power for at least nine months of the year. The microgrid project is part of a sustainable tourism initiative funded by the Department of Tourism in South Africa and was executed for SOLA Future Energy, an engineering, procurement and contracting company. ABB is a pioneer in microgrids, which because of their size and power are ideal for remote locations like islands, which cannot easily be connected to the main power grid. That is particularly the

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Tim P. Ryan’s tenure as Group CEO at Phoenix Solar extended for another year until December 31st, 2018 Investments in the global sales team and process paying off – weighted project pipeline now at some 600 MWp and free order backlog at €225 million The Phoenix Solar Supervisory Board expresses confidence in growth potential for 2018 Sulzemoos, October 30th, 2017 / The Supervisory Board of Phoenix Solar AG, (ISIN DE000A0BVU93), a leading international photovoltaic system integrator listed on the official market (Prime Standard) of the Frankfurt Stock Exchange, has extended the appointment of Tim P. Ryan as Group CEO for another year. Ryan has served as CEO of Phoenix Solar AG since January 1st, 2015. In parallel, he remains in his role as CEO & President of the US subsidiary, the Company’s largest. Ryan, who is also the Group’s Chief Sales Officer, has overseen systematic investments in the global sales team and process. Starting with the third quarter of the current financial year, 2017, the sales results have been moving in the right direction, with an unprecedented global project pipeline (weighted) of approximately 600 MWp and a free order backlog of €225 million.

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Moray Offshore Windfarm East (Ltd) (known as ‘Moray East’) is pleased to announce that MHI Vestas has been selected as preferred turbine supplier for the project – a 950MW offshore windfarm in the Outer Moray Firth, 22km from the East Coast of Scotland. The scope will include the supply and installation of 100 Vestas V164-9.5MW offshore wind turbine generators. Moray Offshore Windfarm East is a joint venture company owned by EDP Renewables (77pc) and ENGIE (23pc).  The project was recently awarded a £57.50/MWhr contract for Difference (CfD) by the UK Government. Oscar Diaz, Project Director, Moray East said:  “Through our supply chain engagement, from local ports to global companies, I know that this announcement has been keenly anticipated.  It is a major milestone of local, national and international interest in terms of economic opportunities, and we look forward to working with MHI Vestas to realize them by taking the project to the construction phase. “Co-operation with MHI Vestas to couple the latest turbine technology with advances in engineering and project deployment has enabled the achievement of major reductions in the cost of offshore wind .  Moray East will produce power at £57.50/MWhr – less than half the cost of similar projects being installed today.”  

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Solare Datensysteme GmbH (SDS), manufacturer of Solar-Log™, had a great debut at 2017 PV Conference and Exhibition of China (PVCEC 2017). The fair took place at New CIEC from October 17 to October 19 in Beijing. Binsdorf/Geislingen, Germany, October 27, 2017 – At PV Conference and Exhibition of China (PVCEC 2017), Solar-Log™ received big attention of the visitors. Besides of presenting the sophisticated Solar-Log™ Hardware and the intelligent Online Portal Solar-Log WEB Enerest™, the upcoming Solar-Log 50 was particularly introduced to many interested residential users. With its benefits of more economical and easy installation, the Gateway Solar-Log 50 has triggered very much enthusiasm among the visitors. Steve Cheung, General Manager of Solar-Log™ China said: “Once again it was great to see, how many people in China are interested in photovoltaic technology. But it was greater to see how many people are interested in monitoring and managing PV plants. They know the big relevance of monitoring and searched for the best solution at PVCEC 2017. With our high quality Solar-Log™ technology and services we can fulfill these requirements best.”

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On September 25, the Annual Meeting of the managers of the 2016-2017 promotion of the winning companies of the French Tech Pass was held at the Hôtel Matignon, the French Prime Minister's residence. During this event, Mounir MAHJOUBI, Secretary of State to the French Prime Minister, in charge of Digital, handed to Christophe Goasguen, President of Imeon Energy, the official diploma of the French Tech Pass for the hyper-growth of its company and the technological innovations in green tech field. At this occasion, an official photo was made with the French Prime Minister, Edouard PHILIPPE. The French Tech Pass is a national program that rewards and supports hyper-growth companies, promoting the emergence of successful start-ups in France. It rewards technological performance and innovation as well. « We are proud to belong to LA FRENCH TECH » says Christophe Goasguen, C.E.O. of IMEON ENERGY. » It is the acknowledgement of the performance of our company and our products. LA FRENCH TECH recognizes our desire to innovate, our fast growing company and our global ambitions. With this label, IMEON ENERGY will benefit from increased global visibility and credibility among its customers, suppliers and investors.» About IMEON ENERGY : IMEON ENERGY has been active in the field of

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