Siemens buys KACO’s string inverter business

March 4, 2019
Facebook
Twitter
LinkedIn
Reddit
Email
Source: KACO new energy.

Siemens will acquire the string inverter business of KACO new energy.

KACO retains its project development and EPC business. The deal is expected to be approved in the first half of this year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

KACO sold its central inverter operations to the Korean firm OCI Power in January 2019. “In recent years, KACO new energy has transformed itself from a product manufacturer to a consultant and system provider. As part of this realignment, we have developed turnkey system solutions based on string inverters for our customers,” it said in a statement released at the time of the OCI deal.

Jean-Christoph Heyne, Head of Siemens’ new Future Grids business, said: “Siemens is in a strong position to succeed in technology that supports the energy and mobility transition. The acquisition of KACO new energy enhances our portfolio in attractive growth segments at the grid edge. Our new Smart Infrastructure Operating Company comes into operation on April 1, 2019 where our strengths in electrification and buildings will enable us to thrive in the market and continue to expand in the areas of decentral energy, renewables, storage and electric vehicle charging infrastructure.”

Last month Siemens launched its Junelight residential lithium-ion range. The company already provides its Siestorage brand of containerised energy storage and since just over a year ago has been a partner in Fluence, providing energy storage technology and services as a joint venture with AES Corporation.

The Junelight Smart Battery systems for private households is aimed primarily at maximising the use and integration of onsite-generated solar energy, dubbed ‘self-consumption’ in many markets.

Read Next

October 28, 2025
Chinese solar inverter producer GoodWe has launched a new “low noise, low weight” string inverter for the European corporate & industrial solar market.
October 27, 2025
Premier Energies has acquired a 51% stake each in transformer maker Transcon and inverter producer KSolare Energy. 
October 23, 2025
Solar PV technology has maintained its leading position as the most cost-competitive power generation source in 2025, according to analyst Wood Mackenzie.
October 21, 2025
Australia's solar-plus-storage sector gained momentum with 725MW of solar PV approvals advancing across New South Wales and Queensland.
October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 10, 2025
Australia's renewable energy sector recorded its slowest month of the year for additions in September, with 5.8GW of new projects added to development pipelines, according to data from Rystad Energy.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany