MILPITAS, California (January 14, 2025) – SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG) and Summit Ridge Energy (SRE), a leading commercial solar company, announced their partnership for the supply of SolarEdge’s inverters and Power Optimizers, domestically-manufactured in Tampa, Florida.
A Summit Ridge 2.4 MW Rooftop Solar Project Located in Belcamp, MD
SRE is expected to standardize its rooftop solar installations with SolarEdge inverter solutions for commercial solar. These projects are estimated to exceed 100MW, with SRE anticipating continued growth as their development pipeline expands. Initial shipments from Florida are expected to begin in April 2025.
“This partnership with SolarEdge highlights our unwavering commitment to using American-made components in 100% of our solar energy projects. By leasing large-scale industrial rooftops across Maryland and Illinois, we’re able to enhance the resilience of local electric grids, support domestic supply chains and create valuable job opportunities for American workers,” said Mike Dillon, Senior Vice President of Operations at Summit Ridge Energy. “Together with SolarEdge, we’re proud to be investing in a future of American energy independence and a strengthened economy.”
“We are thrilled to strengthen our longstanding partnership with the team at Summit Ridge and expand our manufacturing footprint in the United States,” said Naama Ohana, Chief of C&I Division at SolarEdge. “This collaboration underscores the importance of the clean energy and advanced manufacturing credits, which help ensure the fiscal certainty to invest in local manufacturing and bring thousands of new jobs and technological expertise to American soil. Summit Ridge Energy has a steadfast commitment to U.S. energy independence and security, and we are proud to be working together to provide access to essential and best-in-class technologies, bringing more power, efficiency, and safety to the local industry.”
SolarEdge’s domestically manufactured inverters and Power Optimizers enable independent power producers like Summit Ridge to source key solar components from within the United States.
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries and grid services solutions. Visit us at: solaredge.com
About Summit Ridge Energy
As the nation’s leading commercial solar company, Summit Ridge Energy merges financial innovation and industry-leading execution to deliver locally generated energy via a more resilient and secure electric grid. This has made Summit Ridge one of the fastest-growing energy companies in America, with over 3.6GW of solar power operating and in development.
Since launching in 2017, Summit Ridge Energy has raised over $5B in project capital to finance more than 200 solar farms, providing energy savings to more than 40,000 homes and businesses while contributing to American energy independence. Learn more at srenergy.com.
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Summit Ridge Energy Contact Information
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