JTA NEWS
21 November 2018 - 14 Kislev 5779 - י"ד כסלו ה' אלפים תשע"ט
JTA NEWS :
SolarEdge acquires controlling stake in battery provider Kokam E-mail

Israeli solar energy company SolarEdge Technologies announced on 11 October that it has entered into definitive agreements to acquire a controlling stake in South Korean company Kokam, which provides lithium-ion battery cells, batteries and energy storage solutions.

Kokam provides battery solutions for a wide variety of industries, including ESS (energy storage systems), UPS, electric vehicles (EV), aerospace, marine and more.

SolarEdge founder, chairman and CEO Guy Sella, said: “The acquisition of Kokam will enable us to grow our offering, adding already proven battery storage to our product portfolio. Our technological innovation, combined with Kokam’s worldclass team and renowned battery storage solutions, will enable seamless integration with our current solutions, taking us a further step toward making solar installations smarter and more beneficial.”

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