Infineon and SolarEdge sign multi-year agreement with capacity reservation provider to support green energy solutions
Infineon Technologies AG, a prominent figure in power semiconductors worldwide, and SolarEdge Technologies, a leading name in smart energy technologies, have jointly revealed the signing of a Multi-Year Power Reservation Agreement (CRA).
Building upon their existing collaboration, Infineon is set to provide SolarEdge with essential components for a range of SolarEdge products. Alongside the Multi-Year Power Reservation Agreement (CRA), both companies are embarking on a partnership to advance future technologies and innovative solar products. These products will be founded on wide bandgap materials, which play a vital role in the global supply of clean and sustainable energy.
Andreas Urschitz, Chief Marketing Officer at Infineon, expressed enthusiasm about expanding their strategic partnership with SolarEdge. He emphasized the partnership’s significance in driving innovation in the realms of green energy and decarbonization technologies. The longstanding collaboration between Infineon and SolarEdge is seen as a valuable asset that promises disruptive innovations and rapid growth by pooling expertise and resources. By investing in the production capacity of silicon carbide (SiC) and gallium nitride (GaN), Infineon underscores its dedication to being at the forefront of climate technologies, particularly in solar energy.
Uri Bechor, Chief Operating Officer of SolarEdge, highlighted the importance of securing a consistent supply of crucial components, such as power and bandwidth, from Infineon. This move bolsters the resilience of SolarEdge’s supply chain. The capacity reservation agreement aligns with SolarEdge’s strategy to maintain its leadership in global solar energy development.
About Infineon
Infineon Technologies AG stands as a worldwide frontrunner in the realm of semiconductors, particularly for power and IoT systems. Through its range of products and solutions, Infineon is actively spearheading the movements toward decarbonization and digitization. With a global workforce of about 56,200 employees, the company achieved revenues of approximately €14.2 billion during the fiscal year 2022, which concluded on September 30. Notably, Infineon is listed on the Frankfurt Stock Exchange under the ticker symbol “IFX,” and also on the international OTCQX market in the USA under the ticker symbol “IFNNY.”