SolarEdge Extends Patents Lawsuit Against Huawei
The solar energy company has a pending lawsuit in Germany against the Chinese telecommunications company and a German distributor
Founded in 2006, SolarEdge develops optimization, monitoring and remote-control solutions for solar panels and systems, intended to increase the efficiency of solar energy conversion. SolarEdge raised $126 million in its 2015 IPO. The company reported revenues of $607 million for 2017 and a GAAP net income of $84.2 million. The company employs over 600 people in Israel, North America, Asia and Europe.
SolarEdge first announced the lawsuit relating to its patented inverter technology in June.