SolarEdge Technologies has recently acquired the entire share capital of Wevo Energy. Wevo is a software startup specializing in EV charging optimization and management for sites with large quantities of EV chargers such as apartment buildings, workplace carparks, and public charging locations.
Wevo’s software is designed to be vendor-agnostic and supports open protocols, enabling multi-user pricing and billing, tiered prioritization of charging schedules, predictive load management, and a range of additional services.
Wevo has electrified thousands of parking spaces across North America, Europe, and the Middle East. The company is already integrated with SolarEdge’s EV chargers, solar inverters, and meters for a holistic real-time view of solar production, grid consumption, and EV charging.
“Wevo’s mission is to make EV charging accessible by electrifying every parking space,” said Teddy Flatau, CEO of Wevo Energy. “As a subsidiary of SolarEdge, we will be able to develop a combined solution, offering a seamless experience for EV drivers by optimizing charging with clean, solar-powered energy and maximizing cost savings. This will allow a significant step forward to achieving a low-carbon future.”
The Wevo solution will also be part of the SolarEdge ONE energy optimization system for the Commercial and Industrial (C&I) segment, designed to offer SolarEdge customers a single energy optimization solution that orchestrates and integrates between on-site solar generation, battery storage, and large-scale EV charging.
“This acquisition represents the continuation of SolarEdge’s strategy to enhance its software portfolio for the C&I segment,” said Zvi Lando, CEO of SolarEdge Technologies. “As the EV market continues to grow, distributed renewable energy will be key to unlocking the full potential of the electrification of mobility. Wevo’s software capabilities and know-how represent a building block for EV-attached solar.”
Filed Under: Charging, Technology News