COLLINGWOOD, Australia–(BUSINESS WIRE)–SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a worldwide chief in sensible power, introduced at present that its StorEdge solutions have been chosen to take part in AGL’s new residential battery program as a part of its expanded digital energy plant (VPP). StorEdge system homeowners with an authorized battery are eligible to obtain an annual credit score of as much as $280 on their electrical energy invoice for permitting the digital energy plant to entry their batteries in instances of grid want.
Each the StorEdge inverter with backup energy and the StorEdge resolution utilizing a single part inverter with HD-Wave expertise for elevated self-consumption which are linked to an LG battery are eligible for program participation. The VPP program improves solar-plus-battery system payback, doubtlessly leading to a better quantity of PV and storage system installations.
The community of linked StorEdge programs might be managed as a digital energy plant, based mostly on SolarEdge’s grid services. These photo voltaic batteries present an reasonably priced and environmentally sustainable technique to fulfill peaks in power demand. Introducing new choices in Queensland, Victoria, and New South Wales, this program builds on AGL’s expertise with its digital energy plant in Adelaide that additionally leverages StorEdge programs and SolarEdge’s grid companies.
“The Australian electrical energy market is main the world in a strategic transition to a distributed, decarbonized, and digital power community,” said Lior Handelsman, SolarEdge’s VP of Advertising and Product Technique, Founder. “Devoted to enhancing the methods we produce and eat power, SolarEdge is happy to help AGL on this transition by offering progressive photo voltaic power options at each the residential and grid stage that may remedy a number of the most advanced power issues that we face at present.”
“AGL’s residential battery program unlocks new advantages for our clients and offers grid companies that profit all grid customers,” said Dominique van den Berg, AGL’s Common Supervisor of Distributed Vitality. “We’re excited to increase our cooperation with SolarEdge and leverage its StorEdge options and grid companies with a purpose to efficiently launch this program.”
Extra data relating to eligibility and participation in AGL’s new residential battery program is accessible at: https://www.solaredge.com/aus/australian-government-rebates
SolarEdge is a worldwide chief in sensible power expertise. By leveraging world-class engineering capabilities and with a relentless deal with innovation, SolarEdge creates sensible power options that energy our lives and drive future progress. SolarEdge developed an clever inverter resolution that modified the best way energy is harvested and managed in photovoltaic (PV) programs. The SolarEdge DC optimized inverter seeks to maximise energy technology whereas decreasing the price of power produced by the PV system. Persevering with to advance sensible power, SolarEdge addresses a broad vary of power market segments by its PV, storage, EV charging, batteries, UPS, electrical car powertrains, and grid companies options. SolarEdge is on-line at solaredge.com/aus