The company states the solution will provide utilities with the tools to leverage distributed energy generation systems to more efficiently meet demand while energy retailers will enjoy protection from price peaks.
“With the continued evolution in PV and storage, renewable energy can be affordable and abundant. We are moving closer to the day when everyone will produce, store, and sell their own energy,” stated Guy Sella, CEO of SolarEdge. “Our grid services aim to accelerate the transition to a more stable and cost-effective grid, one in which people have more control over their energy."
“At the system level, our inverters synchronize energy production, usage, and storage to create a seamless user experience with our monitoring platform,” stated Lior Handelsman, Marketing and Product Strategy VP of SolarEdge. “
The company claims the solution will help resolve a variety of complex energy issues such as, generation shortages, transmission bottlenecks, energy arbitrage, and frequency imbalances, thus reducing the need to invest in additional and expensive infrastructure.
“As PV markets evolve from feed-in tariffs to net-metering and finally to self-consumption, the grid services will provide homeowners with the opportunity to maximize self-consumption and take advantage of time-of-use tariffs as a revenue stream,” SolarEdge stated.
