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New facility to drive energy storage solutions sales, supply chain resilience and product innovation
SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”), a global leader in smart energy technology, and SolarEdge’s subsidiary, Kokam Limited Company, a provider of lithium-ion batteries and integrated energy storage solutions, announced today the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility. Located in the Eumseong Innovation City of Chungcheongbuk-Do, South Korea, Sella 2 is currently producing test cells for certification, with ramp-up expected during the second half of 2022.
Once ramped, Sella 2 will enable SolarEdge to have its own supply of lithium-ion batteries and the infrastructure to develop new battery cell chemistries and technologies. The facility is planned to manufacture battery cells for SolarEdge’s residential solar-attached batteries as well as battery cells for a variety of industries, including mobile applications, energy stationary storage solutions (ESS) and UPS applications. The facility can scale of its battery cell capacity in the future to support the growing needs for storage solutions offered by the company.
Zvi Lando, Chief Executive Officer of SolarEdge, commented: “The opening of Sella 2 is an important milestone for SolarEdge. It allows us to own key processes in the development and manufacturing of advanced energy storage solutions for our solar core business and additional applications, while further securing the resilience of our supply chain. We are committed to growing our business in the energy storage market, as well as our investment in battery cell technology and cell manufacturing, further strengthening our storage product portfolio.”
