sma solar

Cormac Gilligan of S&P Global said macro market forces have combined with technology shifts to impact the fortunes of inverter producers.

In its Q1-3 2024 financial results, SMA Solar said it will cut up to 1,100 jobs and reduce costs by between €150 and €200 million by the end of 2025.

SMA Solar has announced plans to conduct a 'company-wide restructuring' due to the impacts of what it calls a 'volatile' market environment.

SMA Solar has published its latest financial results, reporting sales of €759.3 million (US$829.4 million) in the first half of the year.

The smarter E Award has five categories in total, including photovoltaics, energy storage, e-mobility, smart integrated energy and outstanding projects.

Inverter supplier SMA Solar Technology has presented its new Sunny Central FLEX platform solution for solar PV, battery energy storage and hydrogen electrolysers.

SMA Solar has published its financial results for the first quarter of the year, which include falling sales in the home and C&I sectors.

SMA Solar sold 20.5GW of inverters in 2023, up from 12.2GW in 2022. EBITDA increased to €311 million in 2023 from €70 million in 2022.

Inverter supplier SMA Solar Technology will put an inverter production site in the US with an annual capacity of 3.5GW.

Module-level power electronics supplier Tigo Energy has filed an intellectual property infringement lawsuit in the US against inverter manufacturer SMA Solar Technology America.