SolarEdge Wins Edison Award

SolarEdge’s Inverter with HD-Wave Technology Recognized Innovation in
the Renewable Energy Category

NEW YORK–(BUSINESS WIRE)–SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global
leader in smart energy, was voted the Gold Winner for its HD-Wave
inverter technology in the Renewable Energy Category by the Edison
Awards™, one of the premier awards program in the United States
recognizing innovation. SolarEdge joined some of the world’s most
recognized companies for the awards ceremony celebrating 31 years of
honoring innovators and innovations.

Applying a novel approach to inverter design, SolarEdge’s HD-Wave
technology represents a significant leap in the evolution of solar
inverters. This technology dramatically reduces the size and weight of
the inverter's magnetics by means of advanced digital processing. The
new technology also increases reliability and optimizes the performance
of solar energy systems to reach record-breaking inverter efficiency of
99%. This advancement enables more solar power to be produced at lower
costs.

“Our judges recognized SolarEdge as a true innovator out of the many
products in its category,” said Frank Bonafilia, Executive Director of
the Edison Awards.

“SolarEdge’s inverter with HD-Wave technology has already been
recognized by the PV industry with awards for its innovation and
potential to accelerate the proliferation of solar energy,” stated Guy
Sella, CEO of SolarEdge, Founder. “It is an honor to be selected and to
be a beneficiary of an Edison Award, which recognizes companies from all
industries for their innovation and business.”

The ballot of nominees for the Edison Awards was judged by a panel of
more than 3,000 leading business executives including past award
winners, academics and leaders in the fields of product development,
design, engineering, science and medical.

About the Edison Awards™

The Edison Awards is a program conducted by Edison Universe, a
non-profit, 501(c)(3) organization dedicated to fostering future
innovators. The Awards have been recognizing and honoring the best in
innovations and innovators since 1987. They honor game-changing
innovations that are at the forefront of new product and service
development, marketing and human-centered design, and are one of the
highest accolades a company can receive in the name of successful
innovation. For more information about the Edison Awards complete
program and a list of past winners, visit www.edisonawards.com.

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
address a broad range of solar market segments, from residential solar
installations to commercial and utility-scale solar installations.
SolarEdge is online at http://www.solaredge.com

Contacts

SolarEdge Technologies
Danya Golan, +972-52-6263348
Senior
Director of Global Marketing
[email protected]