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SolarEdge Technologies ($SEDG) and Sunnova Energy ($NOVA) Expand Partnership Through Home Batteries

SolarEdge Technologies (NASDAQ: SEDG) and Sunnova Energy (NYSE: NOVA) have announced the expansion of their partnership by adding the SolarEdge Home Battery to Sunnova's Energy-as-a-Service portfolio. 

The battery has a unique DC-coupled design that requires just one power conversion, a high storage capacity and continuous power for household usage during outages. This can result in up to 10 days of saved energy for every year of use.

With 9.7 kWh of backup capacity and the ability to stack up to nine batteries on a single backup system, the SolarEdge Home Battery is both powerful and flexible. It's also compliant with advanced safety standards, ensuring that it's safe for use in any residential setting.

Zvi Lando, CEO, SolarEdge Technologies stated: “Sunnova’s extensive network of dealers now have access to our highly efficient, high-power DC battery that will enable homeowners to take even greater control of their energy usage and power more of their lives with clean, renewable solar energy.”

Sunnova Energy International Inc. (NYSE: NOVA) is a leading U.S. Energy as a Service (EaaS) provider with customers across the U.S. and its territories.

SolarEdge is a global leader in smart energy technology, that has developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems.

Shares of Sunnova Energy trade on the NYSE under the ticker symbol NOVA. Shares of SolarEdge Technologies trade on the NASDAQ under the ticker symbol SEDG.

 

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