SolarEdge Technologies, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainability
- Safety
- Cybersecurity
Environmental Achievements
- 55.3GW of clean energy delivered
- Reduced BoS costs by up to 50% with longer strings and flexible design
Social Achievements
- 4,200+ employees worldwide
- >50% of Fortune 100 companies have SolarEdge systems on their rooftops
Governance Achievements
- Full compliance with international standards on quality and control, ethical conduct, and environmental protection
Climate Goals & Targets
Environmental Challenges
- Module-level mismatch in commercial installations decreasing energy yield
- Uneven terrain and shading challenges in ground mount projects
Mitigation Strategies
- Power Optimizers mitigate power losses caused by module mismatch
- SolarEdge TerraMax Inverter and H1300/H1500 Power Optimizer solution for ground mount projects
Supply Chain Management
Responsible Procurement
- Global manufacturing capabilities with tier 1 electronic manufacturing service companies
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Power Optimizers
- SolarEdge TerraMax Inverter
- H1300/H1500 Power Optimizers
- SolarGik Smart PV Trackers