SolarEdge Technologies Achieves Early Certification for Cybersecurity Compliance in Europe
Milpitas, California – October 21, 2024 – In a significant advancement for the solar energy sector, SolarEdge Technologies, Inc. (NASDAQ: SEDG), a global leader in smart energy technology, has announced that its portfolio of photovoltaic (PV) inverters has achieved early certification and compliance with the European Commission’s New Radio Equipment Directive (RED) Article 3.3 requirements for cybersecurity. This proactive step positions SolarEdge at the forefront of the solar industry’s response to emerging cybersecurity challenges.
Understanding the New Regulations
The European Commission’s Article 3.3 of the RED is set to come into effect in August 2025, establishing a new regulatory framework for radio equipment. This regulation imposes stringent cybersecurity requirements on all applicable Internet of Things (IoT) products sold in Europe, particularly those that rely on wireless connectivity. The focus of these requirements is to enhance network protection features, safeguard personal data, and mitigate risks associated with fraud.
The implications of this regulation are particularly significant for the solar industry, which is experiencing rapid growth and is increasingly recognized as critical energy infrastructure in many countries. As solar energy becomes a more prominent player in global energy generation, ensuring the security of these systems is paramount.
SolarEdge’s Commitment to Cybersecurity
Ronen Faier, Interim CEO of SolarEdge Technologies, emphasized the company’s commitment to safety and security in product design. "As a leader in the smart energy industry, SolarEdge has consistently prioritized safety and security in all our product design," Faier stated. He further noted that with the rapid growth of solar adoption, the need for robust cybersecurity regulations is essential to safeguard future energy security. The forthcoming RED regulation is seen as a crucial step in ensuring that homeowners, businesses, and grid operators can adopt solar technology with confidence in its cyber defenses.
Recent Developments and Compliance
This announcement follows SolarEdge’s recent achievement of compliance with the UK’s Product Security and Telecommunications Infrastructure (PSTI) regulation, which came into effect in April 2024. This dual compliance not only underscores SolarEdge’s leadership in the smart energy sector but also highlights its proactive approach to addressing regulatory challenges in different markets.
To verify compliance with the relevant RED article clauses, SolarEdge successfully completed a third-party evaluation of its inverters by Kiwa, one of Europe’s leading product certification laboratories. This rigorous assessment ensures that SolarEdge’s products meet the high standards set forth by the new regulations.
The Importance of Cybersecurity in Solar Energy
As the solar industry continues to expand, the importance of cybersecurity cannot be overstated. With increasing reliance on digital technologies and IoT devices, the potential for cyber threats grows. The new regulations aim to create a safer environment for solar energy systems, protecting not only the infrastructure but also the data and privacy of users.
The solar sector’s transition to more connected and intelligent systems necessitates a robust cybersecurity framework. By adhering to these new regulations, companies like SolarEdge are not only enhancing their product offerings but also contributing to the overall security and reliability of the energy grid.
About SolarEdge Technologies
SolarEdge Technologies is a pioneer in smart energy solutions, leveraging world-class engineering capabilities and a relentless focus on innovation. The company has transformed the way power is harvested and managed in photovoltaic systems through its intelligent inverter solutions. SolarEdge’s DC optimized inverter maximizes power generation while reducing the cost of energy produced by PV systems. The company continues to advance smart energy solutions across various market segments, including PV, storage, electric vehicle (EV) charging, batteries, and grid services.
For more information about SolarEdge and its innovative solutions, visit solaredge.com.
Conclusion
SolarEdge Technologies’ early compliance with the European Commission’s cybersecurity regulations marks a pivotal moment for the solar industry. As the sector evolves, the integration of stringent cybersecurity measures will be essential in fostering trust and encouraging further adoption of solar technologies. With leaders like SolarEdge setting the benchmark for cybersecurity capabilities, the future of solar energy looks not only bright but also secure.