SolarEdge Technologies Releases 2024 Sustainability Report Highlighting Impact and Commitment to a Smarter, Safer Energy Future
SolarEdge Technologies, Inc., a global leader in smart energy innovation, has officially released its comprehensive 2024 Sustainability Report, reaffirming its commitment to sustainability, transparency, and long-term environmental stewardship. As the world faces increasing energy challenges and transitions to more sustainable power sources, SolarEdge stands at the forefront with technology solutions designed to improve the way energy is harvested, stored, and utilized.
The annual report showcases the company’s progress across several key environmental, social, and governance (ESG) dimensions, demonstrating SolarEdge’s strategic alignment with global climate goals and stakeholder expectations. From technological advancements to community engagement and third-party ESG validation, the 2024 report reflects a well-rounded and forward-looking sustainability vision.
A Message from the CEO
In the foreword of the report, Shuki Nir, Chief Executive Officer of SolarEdge, underscores the importance of responsible innovation in today’s energy landscape:
“I am pleased to share our 2024 Sustainability Report, which reaffirms SolarEdge’s long-term commitment to sustainable and responsible practices amid evolving industry dynamics. As global energy demand continues to rise, our advanced technologies are well positioned to support smarter, safer, and more efficient electricity use.”
This message sets the tone for a report that blends technical excellence with corporate responsibility—a dual focus that is increasingly demanded by both customers and regulators worldwide.
Empowering Homes and Businesses Globally
One of the most significant indicators of SolarEdge’s impact lies in its widespread technology adoption. As of the end of 2024:
- Over 3.7 million homes worldwide have installed SolarEdge photovoltaic (PV) systems. These solar energy solutions help reduce reliance on fossil fuels while promoting decentralized and resilient energy models for residential users.
- More than 50% of Fortune 100 companies have deployed SolarEdge technologies on at least one facility or rooftop. This milestone not only reflects the trust major corporations place in SolarEdge’s products but also their shared commitment to decarbonizing operations and achieving net-zero targets.
This level of market penetration highlights the scalability and versatility of SolarEdge systems across geographies and sectors—from suburban households to expansive corporate campuses.
Recognized for ESG Excellence
Sustainability in the modern energy sector goes far beyond reducing carbon emissions; it involves transparent governance, responsible supply chain management, and community involvement. SolarEdge’s achievements in 2024 were recognized by several globally respected ESG rating organizations:
- For the second consecutive year, the company was named to the Corporate Knights’ Global 100 Index, ranking among the top 100 most sustainable corporations in the world. This selection was based on a rigorous evaluation of over 6,000 publicly traded companies.
- EcoVadis, a leading provider of business sustainability ratings, awarded SolarEdge a Silver Medal, placing it in the top 15% of more than 130,000 rated companies worldwide. The rating assesses performance in areas including labor and human rights, environment, ethics, and procurement.
- The ISS ESG rating positioned SolarEdge among the top 10% of companies within the global Electronic Components sector. This score is a clear indicator of robust ESG risk management practices across operations.
- MSCI, one of the most trusted ESG data providers for institutional investors, gave SolarEdge an “A” rating, a strong endorsement of the company’s risk mitigation and sustainability strategies.
- The company also received upper-tier ratings in several other ESG frameworks, affirming the consistency and depth of its sustainability approach.
These external validations are not merely accolades—they serve as benchmarks for continued improvement and assurance to shareholders that the company is proactively addressing material ESG risks and opportunities.
Operational Sustainability: Manufacturing and Standards
In addition to its market reach and third-party recognition, SolarEdge has made significant strides in ensuring its internal operations meet globally recognized environmental and safety standards.
- As of 2024, 100% of the company’s manufacturing and research & development facilities have been certified under ISO standards, including ISO 9001 (Quality Management), ISO 14001 (Environmental Management), and ISO 45001 (Occupational Health and Safety Management). These certifications reinforce the company’s culture of compliance, innovation, and continuous improvement.
- The company has completed Environmental Life Cycle Analysis (LCA) for several key product lines. LCAs help identify and reduce environmental impacts throughout the product life cycle—from raw material extraction and manufacturing to usage and end-of-life disposal. This scientific assessment enables better design, lower emissions, and informed decision-making.
- SolarEdge continues to refine its energy use and material efficiency throughout its value chain, a process that includes selecting more sustainable materials, optimizing packaging, and reducing logistics emissions.
These efforts ensure that sustainability is not an afterthought, but a core element embedded into every phase of the company’s product development and deployment.
Education and Community Outreach: EDGEUcate Initiative
Recognizing the importance of education and community engagement in driving long-term energy transformation, SolarEdge expanded its EDGEUcate initiative in 2024. Through this global educational outreach program, the company’s employees volunteered time to introduce young learners to the fundamentals of solar energy and sustainable living.
- Over 10,000 pupils worldwide participated in EDGEUcate sessions throughout the year, receiving practical, hands-on knowledge about clean energy technologies.
- The program aims not only to inspire the next generation of engineers and scientists but also to cultivate a deeper public understanding of how individual choices contribute to the broader climate effort.
This emphasis on educational outreach strengthens SolarEdge’s role not only as a technology provider but also as a catalyst for societal change.
Supporting the Global Energy Transition
As the world navigates the complexities of the climate crisis, energy security, and rising electricity demands, companies like SolarEdge are playing a pivotal role in shaping a more sustainable energy future. The technologies developed and distributed by SolarEdge are designed not just to capture solar power but to optimize energy consumption in ways that reduce waste, improve safety, and increase autonomy for energy users.
SolarEdge’s intelligent inverters, energy storage systems, and EV charging solutions are examples of how innovation is being applied to practical use cases. By providing end-to-end solutions—from residential rooftops to grid-scale applications—the company is helping communities and businesses alike reduce their environmental footprint while maintaining energy resilience.
A Clear Vision for Sustainability
With the release of its 2024 Sustainability Report, SolarEdge signals its readiness to confront future challenges head-on. The company has identified several ongoing areas of focus, including:
- Expanding its portfolio of energy-efficient technologies.
- Enhancing supply chain transparency and environmental impact tracking.
- Strengthening diversity, equity, and inclusion across global teams.
- Increasing the adoption of renewable energy in emerging markets.
- Continuing stakeholder engagement through clear, accountable ESG reporting.
SolarEdge recognizes that sustainability is a dynamic, evolving process. The report serves not only as a snapshot of past accomplishments but also as a roadmap toward greater impact.
