Benzinga | Feb 23, 2021 08:50AM EST

SolarEdge Technologies Reports Strategic Supply Deal With Sunrun; Sunrun Will Offer SolarEdge's Next Gen PV Inverter For Residential Customers

SolarEdge Technologies, Inc. ("SolarEdge") (NASDAQ:SEDG), a global leader in smart energy technology, announced that it has entered into a strategic supply agreement with Sunrun (NASDAQ:RUN), a leading U.S. provider of residential solar, battery storage, and energy services. As part of the agreement, Sunrun will offer SolarEdge's next generation PV inverter, Energy Hub, for residential customers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210223005534/en/

SolarEdge's Energy Hub Inverter (Graphic: Business Wire)

SolarEdge is a key partner helping Sunrun to support a complete residential energy ecosystem with seamless integration of smart energy devices and optimized home energy management through its Energy Hub inverter. SolarEdge and Sunrun believe in an electrified future and a continued reduction in reliance upon fossil fuels. Together, the companies are focused on expanding value to customers through the offering of products such as smart energy devices, battery storage, EV chargers, and other products to further the electrification of the home.

"SolarEdge is pleased to expand its partnership with Sunrun, a company that is instrumental in bridging the gap between utilities and managed networks of home solar energy systems," said Zivi Lando, CEO of SolarEdge.

"We're expanding our new supply agreement with SolarEdge and advancing our shared vision to accelerate the adoption of innovative, smart energy technologies to power a future that runs on the sun," said Lynn Jurich, co-founder and CEO of Sunrun. "Sunrun using the SolarEdge Energy Hub will help drive the adoption of more affordable and reliable electricity, powered by home solar and batteries."