SolarEdge to Acquire Hark Systems, a European-Based Energy Analytics and IoT Company
Hark’s capabilities broaden SolarEdge’s vitality monitoring and administration to Business and Industrial facet
LEEDS, England & MILPITAS, Calif., January 03, 2023–(BUSINESS WIRE)–SolarEdge Applied sciences, Inc. (“SolarEdge”) (NASDAQ: SEDG), a worldwide chief in sensible vitality expertise, introduced right this moment that it has entered right into a definitive settlement to amass the whole share capital of Hark Methods Ltd. (“Hark”). Based in 2016 and based mostly in Leeds, UK, Hark affords a extremely versatile Software program as a Service (SaaS) Web of Issues (IoT) platform that permits companies and asset operators to attach, analyze and optimize industrial properties and vitality of their industrial websites. Hark’s expertise permits speedy deployment and commissioning at a number of websites. Hark’s buyer base is made up of a spread of industries, together with among the UK’s largest grocery store chains.
The acquisition of Hark is predicted to allow SolarEdge to supply industrial and industrial (C&I) clients expanded vitality administration and connectivity capabilities, together with figuring out potential vitality financial savings, figuring out of anomalies within the vitality consumption of belongings, and optimization of using vitality and carbon. emissions by way of load orchestration and storage management.
“Hark’s SaaS platform permits us to develop our in depth industrial and industrial administration portfolio and supply further companies to our C&I clients,” mentioned. Zvi Lando, CEO, SolarEdge Applied sciences. “Mixed with our sensible vitality options, Hark’s superior technological capabilities can present companies with higher transparency and management over their vitality use and carbon emissions.”
“SolarEdge is revolutionizing how photo voltaic vitality is harvested and managed and has deployed hundreds of thousands of clever vitality administration techniques worldwide. We’re excited to be a part of the SolarEdge providing and be part of of their international infrastructure to assist companies within the C&I market handle their vitality extra effectively and sustainably,” mentioned Jordan Appleson, CEO and Co-Founder, Hark Methods.
The acquisition is topic to sure customary closing circumstances and regulatory approvals and is predicted to shut within the second quarter of 2023.
About SolarEdge
SolarEdge is a worldwide chief in sensible vitality expertise. By leveraging world-class engineering capabilities and with a relentless deal with innovation, SolarEdge creates sensible vitality options that energy our lives and drive future progress. SolarEdge has developed an clever inverter resolution that modifications the best way electrical energy is harvested and managed in photovoltaic (PV) techniques. The SolarEdge DC optimized inverter seeks to maximise energy era whereas minimizing the price of vitality produced by the PV system. Persevering with to advance sensible vitality, SolarEdge addresses a variety of vitality market segments by way of PV, storage, EV charging, batteries, electrical automobile powertrains, and options for grid service. Go to us at: solaredge.com
About Hark
Hark is an award-winning Vitality Analytics and Industrial IoT firm based mostly in Leeds, UK. Based in 2016, Hark’s expertise permits companies to enhance effectivity, scale back waste and maximize yield by connecting, offering visibility, and automatic management of belongings reminiscent of vitality meters, techniques building administration and industrial techniques. Hark’s cloud and edge expertise securely streams information from throughout the globe at an asset-specific degree and analyzes that information in real-time, offering actionable data for Vitality Managers and Asset Operators. Hark Platform’s intuitive consumer interface, asset connectivity expertise, automation and customized dashboards allow speedy resolution deployment for Vitality Administration, Asset Well being Administration, and Industrial Upkeep. Be taught extra: https://harksys.com
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