“There will not be an electrification revolution within mobility without some adaptation of how we generate, consume and transform energy because all of these cars will have to be charged somehow,” Lior Handelsman of SolarEdge says.
We are talking to discuss the company’s recently-announced acquisition of SMRE, an Italian integrated EV technology firm. SMRE has since 1999 been producing e-mobility solutions including powertrains and batter management systems (BMS), software and a range of other critical components.
SolarEdge agreed to purchase 51% of SMRE for an investment of around US$77 million, valuing the Italian company at US$150 million. Handelsman said that while there are no immediate plans to integrate the EV company’s technologies with SolarEdge’s own offerings, or indeed with the supply chain of Kokam – the battery and storage system manufacturer SolarEdge bought into earlier in 2018 – there are obvious synergies.
The acquisition feeds into the inverter and smart energy company’s overall ‘masterplan’ to involve itself in the full gamut of distributed and clean energy market segments, according to the SolarEdge co-founder, who is also VP of product strategy and marketing.
“We are at an interesting time when the world of energy and the world of mobility are changing and are changing together and that change is also related,” Handelsman says.
“These are related revolutions. We are already covering a big part of the energy revolution with PV, which we’ve spoken about in the past, pro-suming and the smart grid of the future. That is actually tied to mobility. It’s tied in with the supply chain, for the lithium cells involved, it’s tied in the consumption side, the demand side, so this is something that was done by design. It has a masterplan behind it.”
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