A New High-Voltage Inverter and Power Optimizer Solution Launching in Japan’s PV Market by OMRON and SolarEdge

KYOTO, Japan–(BUSINESS WIRE)–SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG) and OMRON
Corporation (“OMRON”) (HQ: Shimogyo-Ku, Kyoto. President and CEO:
Yoshihito Yamada) are launching a new DC optimized inverter solution for
Japan’s high-voltage PV market.

OMRON will offer SolarEdge's three-phase DC optimized inverter solution,
consisting of inverters, power optimizers, and module-level monitoring,
for the high-voltage Japanese PV market. As a global inverter market
leader, SolarEdge offers a DC optimized solution that manages and
monitors energy at the module level in order to maximize power
generation and increase string-design flexibility. These advantages open
up a wide-range of new PV installation possibilities, including sites
suffering from shade or uneven slopes. This means that installers no
longer need to consider factors such as site location, orientation, and
solar irradiance when designing PV sites.

As part of the launch, SolarEdge will supply high-voltage, three-phase
inverters and power optimizers to OMRON for local distribution and
sales. OMRON's after-sales service network of 140 locations nationwide
is available for the SolarEdge solution following the launch.
Availability is planned for March 2018.

With Japan’s energy market having experienced various transformations in
recent years, its PV market has been steadily expanding following the
introduction of its renewable energy feed in tariff (FIT) program that
began in the summer of 2012. As such, further innovation in PV solutions
is required in order to ensure efficient energy usage and to maintain a
balance in the country’s energy supply and demand.

About SolarEdge Technologies

SolarEdge provides an intelligent inverter solution that has changed the
way power is harvested and managed in solar photovoltaic systems. The
SolarEdge DC optimized inverter system maximizes power generation at the
individual PV module-level while lowering the cost of energy produced by
the solar PV system. Supporting increased PV proliferation, the
SolarEdge system consists of power optimizers, inverters, smart energy
management, and a cloud-based monitoring platform. SolarEdge’s solutions
addresses a broad range of solar market segments, from residential solar
installations to commercial and small utility-scale solar installations.
SolarEdge is online at http://www.solaredge.jp.

About OMRON Corporation

OMRON Corporation is a global leader in the field of automation based on
its core technology of "Sensing & Control + Think." Established in 1933,
OMRON has about 36,000 employees worldwide, working to provide products
and services in 117 countries. The company's business fields cover a
broad spectrum, ranging from industrial automation and electronic
components to automotive electronics, social infrastructure systems,
healthcare, and environmental solutions. For more information, visit
OMRON's website: http://www.omron.com/.

Contacts

SolarEdge Technologies
Danya Golan, +972-52-6263348
Senior
Director of Marketing
[email protected]
or
OMRON
Corporation
Junko Suzuki
ENVIRONMENTAL SOLUTIONS BUSINESS HQ
[email protected]