SolarEdge Moves Into The Energy Storage Business

By Frank Andorka By Frank Andorka, Senior Correspondent

In the ever-competitive microinverter business, even the slighest innovation or acquisition can tip the scales in favor of one company or another. SolarEdge is hoping its acquisition of a majority stake in a South Korean lithium-ion battery maker will give it just such an edge.
SolarEdge announced that it has entered into definitive agreements to acquire a major stake in Kokam Co., Ltd. Headquartered in South Korea, Kokam is a provider of Lithium-ion battery cells, batteries and energy storage solutions.

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