Business
SolarEdge Delays Battery Launch as Residential Solar Sales Bolster Slow Commercial Rebound – Greentech Media News
SolarEdge marks a strong Q3 with record European revenue, but COVID-19 pushes back its battery launch.
SolarEdge is feeling the pinch of the COVID-19 pandemic in the form of a slower-than-expected recovery for its customers in the commercial solar market. The pandemic also delayed the launch of the company’s residential battery system, as SolarEdge aims to compete with microinverter rival Enphase and other contenders in the fast-growing market for home solar-plus-storage systems.
Still, the Israel-based company reported strong third-quarter results Monday, bolstered by an uptick in residential sales…
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