From pv journal USA
SolarEdge Applied sciences, an inverter specialist primarily based in Israel, reported file revenues of $890.7 million for the total 12 months 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 mentioned its income of $3.11 billion will improve 58% 12 months over 12 months from 2021.
The corporate just lately introduced that its power storage division has begun delivery battery cells for continuous power storage functions from its Sella 2 gigafactory in South Korea. It started delivery nickel manganese cobalt pouch cells optimized for power storage functions within the residential, industrial and utility-scale segments.
“International financial and geopolitical occasions mixed with submit pandemic dynamics have created an unprecedented demand for photo voltaic power on the whole and our merchandise specifically,” mentioned Zvi Lando, chief govt. 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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