inverter

Lee Zhang of Sungrow reveals how the company's new inverter meets the needs of the rapidly evolving solar and storage industries.

SMA Solar posted preliminary net losses of €117.7 million (US$126 million) in 2024—down from €225.7 million in income last year.

The firm posted net losses (in accordance with generally accepted accounting principles (GAAP)) of US$1.81 billion over 2024 .

Enphase Energy's financial results follow a wider trend in the inverter market, which has seen major players struggle to adapt.

The inverters will be used for commercial solar installations across the US “estimated to exceed 100MW”, Summit Ridge said.

Share prices for inverter manufacturer SolarEdge have risen since the start of the week following news the company is cutting 400 jobs, its fourth layoff in the past year.

The US general election and its aftermath, along with struggles from Western inverter manufacturers have dominated Q4 news in 2024.

Nir served as the company’s chief marketing executive since June 2024 and will succeed Ronen Faier, who served as interim CEO of the company since August 2024.

A shift towards residential energy storage has seen Western inverter manufacturers lean into more complex, digital energy management products.

MA Solar Italy, a subsidiary of McLaren, acquired FIMER for an undisclosed fee amid challenges for the inverter market.