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SolarEdge Expands U.S. Manufacturing in Salt Lake City, Utah

1. SolarEdge begins production of its 'USA Edition' Home Battery in Utah. 2. Over 2,000 new jobs created across three U.S. manufacturing sites. 3. Expansion aims to enhance domestic supply chain and energy independence. 4. Home Battery supports compliance with domestic content requirements. 5. Investments boosted by American energy tax credits for domestic manufacturing.

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Why Bullish?

The ramp-up in production and job creation indicates strong growth potential. Historical trends show that domestic manufacturing expansion led to increased investor confidence and stock price appreciation.

How important is it?

The focus on boosting domestic production directly aligns with current market demands, enhancing SEDG's strategic position. Market trends favor firms investing in domestic infrastructure, impacting investor sentiment positively.

Why Long Term?

The long-term strategy for U.S. manufacturing is foundational and will stabilize revenue over time. Previous expansions in similar markets have led to sustained company growth.

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TSLAENPHNEE
-Now producing and shipping the SolarEdge ‘USA Edition’ Home Battery—advancing American energy independence and driving job creation with more than 2,000 new roles across three U.S. manufacturing sites SALT LAKE CITY--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or “the Company”) (Nasdaq: SEDG), a global leader in smart energy technology, today announced the ramp up of its new manufacturing site in Salt Lake City, Utah. The site started manufacturing and shipping the SolarEdge ‘USA Edition’ Home Battery in Q1, marking a key milestone in the company’s commitment to strengthening its domestic supply chain and supporting U.S. energy independence. This new manufacturing site reflects SolarEdge’s long-term strategy to expand its U.S. manufacturing footprint, fulfill the rising demand for American-made energy storage solutions, and help customers meet domestic content requirements. The Salt Lake City site joins previously announced facilities in Florida and Texas, contributing to over 2,000 newly created jobs. SolarEdge will now produce its full U.S. residential inverter, Power Optimizer, and battery product suite on American soil, supporting high-skill, local manufacturing jobs while bolstering America’s clean energy infrastructure with domestically produced technology. “In Utah, we are eager to be a part of our nation’s energy solutions,” said U.S. Representative Celeste Maloy (R-Utah-2). “It’s time to build again in America, and this new manufacturing of battery storage solutions right here in Utah’s 2nd Congressional district is evidence that our state is leading the charge.” The SolarEdge Home Battery is a high-capacity energy storage system that integrates seamlessly with the Company’s optimized inverters and power optimizers. Manufactured in the Salt Lake City facility, the battery features a dedicated SKU for simplified tracking and is designed to support compliance with domestic content requirements across a wide range of solar-plus-storage installations. The SolarEdge Home Battery is part of SolarEdge’s advanced lineup of solar products that deliver smart, reliable, and incentive-ready solar-plus-storage solutions that help homeowners, TPOs, and commercial operators maximize energy savings, particularly during peak rate periods. “We’re proud to be part of the manufacturing resurgence in America, as our investments represent a strategic commitment to the domestic market,” said Marty Rogers, General Manager, SolarEdge. “This expansion not only supports our growth objectives, but reinforces our promise to customers: reliable, high-quality technology with shorter lead times and greater supply chain stability. The American energy tax credits have enabled the company to onshore its manufacturing and add to the critical energy infrastructure needed to meet growing U.S. energy demand. As Congress considers changes to clean energy tax credits, we encourage lawmakers to recognize how vital these incentives are for businesses to continue investing in domestic manufacturing and drive America’s future energy dominance.” About SolarEdge SolarEdge is a global leader in smart energy. 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. SolarEdge is online at solaredge.com. More News From SolarEdge Technologies, Inc.

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