在美国，这家以色列公司正面临着与Enphase Energy和特斯拉等公司争夺储能产品市场份额的激烈竞争。SolarEdge Technologies (SEDG.US), a photovoltaic power inverter manufacturer, announced on Wednesday that it will close its energy storage division and lay off about 12% of its employees.
According to the Sina Finance APP, SolarEdge Technologies (SEDG.US), a photovoltaic power inverter manufacturer, announced on Wednesday that it will close its energy storage division and lay off about 12% of its employees.
Due to the decline in electricity prices and competition from Chinese competitors, the company found that Europe's demand for residential solar energy is weak.
In the USA, this Israeli company is facing fierce competition with Enphase Energy, Tesla, and other companies for market share in energy storage products.
Solaredge stated that the layoffs will affect nearly 500 employees, mainly in South Korea's manufacturing sector. Earlier this year, in a severe market environment, the company laid off about 1300 employees.
As of December 31, 2023, SolarEdge has a total of 5633 employees, with 725 working in South Korea.
The company expects to complete the latest round of layoffs in the first half of next year. It will record expenses related to this in the fourth quarter of 2024 and the first quarter of 2025.
The company expects to incur total pre-tax termination and asset-related expenses of $81 million to $99 million.
The company stated that it will focus more on its core solar energy business and aims to offset these costs by selling its energy storage division assets (including manufacturing facilities in south korea).
