Smart Energy Giant to Acquire this IoT Company Soon - INTERNET Definition & Usage Examples
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Smart Energy Giant to Acquire this IoT Company Soon

SolarEdge, a company based in Israel, has an office also located in Cambridgeshire. Its clients include some of the UK’s largest grocery stores. Jordan Appleson was named one of Insider’s 42 under 42 for 2019.

A major company in the smart energy sector is set to acquire an Insider 42 Under 42 alumnus, who founded an internet of things business. SolarEdge Technologies, a smart energy company revealed today that they had entered into a binding agreement to purchase the entire share capital of Hark Systems Ltd.

Hark, a Leeds-based company founded in 2016, provides a software-as-a-service (SaaS) internet of things platform that enables businesses and asset managers to connect, analyse, and optimise the energy and industrial assets at their commercial sites.

SolarEdge, with the Hark addition, will now be able provide more advanced capabilities for energy management, connectivity, and asset monitoring. This includes the capability to spot anomalies and optimize energy usage and emissions by implementing load orchestration, storage control, and carbon emission reduction.

Jordan Appleson says “SolarEdge is revolutionizing how solar energy harvesting and management and has deployed millions smart energy management system globally.”

We are thrilled to join the SolarEdge global network and to help enterprises on the C&I sector manage their energy more efficiently and sustainably.

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