SolarEdge Technologies, a global smart energy leader, has announced it has completed the acquisition of Wevo Energy.
Wevo Energy will become a wholly owned subsidiary of SolarEdge and continue to work independently to electrify every parking space by utilising its hardware-agnostic, standards-based EV charging platform.
The Wevo solution will also be integrated into the SolarEdge offering, providing SolarEdge customers with an integrated solution for on-site solar generation, battery storage, and EV charging.
Teddy Flatau, CEO of Wevo Energy, said: “Wevo’s mission has always been to make EV charging accessible by electrifying every parking space. By joining forces with SolarEdge, we are creating a powerful combined solution. Together, we will offer a seamless experience for EV drivers, optimising charging with clean, solar-powered energy and maximising cost savings. This is a significant step forward to achieving a net-zero future.”
Wevo’s platform manages EV charging using AI-based algorithms to increase charging capacity and overcome infrastructure constraints. This approach makes the Wevo solution ideal for large-scale EV charging installations in apartment buildings, workplaces, parking areas, and other ‘high-density’ charging scenarios that suffer from power constraints, lack grid infrastructure, and have diverse billing needs.
The Wevo platform is electrifying tens of thousands of parking spaces across over 900 sites in North America, Europe, and the Middle East.
For more information, click here
Read more of the latest industry news here
