SolarEdge Signs Agreement To Invest In And Partner With AMPEERS ENERGY, A German Software Start-Up Aiming To Decarbonize The Multi-Dwelling Sector
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies, Inc. (NASDAQ:SEDG) has announced an investment and partnership with AMPEERS ENERGY, a German software start-up focused on decarbonizing multi-dwelling buildings. This collaboration aims to combine SolarEdge's solar and smart energy technology with AMPEERS's platform to offer a comprehensive photovoltaic tenant electricity solution for real estate companies. The solution includes planning, implementation, and financing of solar and storage generation, tenant electricity billing, EV charging, and new heating technologies. This strategic move is designed to capitalize on legislative changes in Germany and expand into the multi-dwelling market across Europe.
March 07, 2024 | 2:04 pm
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SolarEdge's partnership with AMPEERS ENERGY represents a strategic move to expand its market reach in Europe, particularly in the multi-dwelling sector, by offering a comprehensive decarbonization solution.
The partnership with AMPEERS ENERGY allows SolarEdge to leverage legislative changes in Germany and potentially increase its market share in the European multi-dwelling sector. The comprehensive solution offered could lead to increased demand for SolarEdge's products and services, positively impacting its stock price in the short term.
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