The Power of Micro-Inverters Enabling New Applications
Solarnative CEO Julian Mattheis Presented At TaiyangNews Event About Its New Microinverter And The Technology’s Advantages For Small Distributed Solar Systems
Speaking at the TaiyangNews Virtual Conference on Distributed Solar & Storage 2023, Solarnative CEO Julian Mattheis talked about the power of microinverters enabling new applications like balcony/plug-in solar or solar fences.
SMA Solar Q1/2023 Sales Increase
EMEA Drives German Solar Inverter Supplier’s Business As Annual EBITDA Grows 305% To €60 million
Consistent high demand and electronic components supply chain improvement were major reasons for SMA Solar Technology’s 66.5% annual and 7.3% quarterly increase in Q1/2023 sales of €367.2 million, led by Europe Middle East and Africa (EMEA) region accounting for 73% share.
SolarEdge Reports Record Q1/2023 Revenues
Non-US & Europe Regions Boost SolarEdge’s Financials in First Quarter As Supply Chain Worries Ease
The year has begun with a bang for Israel based global solar PV inverter supplier SolarEdge Technologies, Inc as the company reported $943.9 million revenues for Q1/2023, with CEO Zvi Lando calling it a ‘record revenue quarter from our non-US, non-Europe region’.
New Inverter Offering From Ingeteam
Spanish Inverter Manufacturer Ingeteam Launches Central Inverter For Large-Scale Storage Systems
As storage increasingly becomes important to help renewable energy generating sources deal with their intermittency, companies like Spanish solar inverter Ingeteam are coming out with solutions catering to this segment.
127% Annual Increase In Sungrow’s 2022 Net Profit
Chinese Solar Inverter Manufacturer Shipped 77 GW Inverters In 2022, Nearly Two Thirds More Than The Year Before
Leading Chinese solar inverter supplier Sungrow grew its inverter shipments in 2022 by 63.83% annually from 47 GW in 2021 to 77 GW in 2022.
SolarEdge Reports ‘Record’ 2022 Revenues, Up 58% Annually
SolarEdge Gets Ready To Start Shipping Initial Products From US Fab By Q3/2023, After Reporting Strong Financials In 2022
Israel based solar inverter supplier SolarEdge Technologies, Inc exited 2022 with ‘record’ revenues of $3.11 billion that increased 58% annually, including $890.7 million in Q4/2022 as it expects to start rolling out initial products from the planned US manufacturing facility in Q3/2023.
Enphase Exited 2022 With Over 68% Jump In Annual Revenues
Enphase Energy Reports ‘Record’ Revenues Of $724.7 Million In Q4/2022; Targets 10 Million Quarterly Microinverter Production Capacity By 2023-End
US based solar microinverter and battery supplier Enphase Energy, Inc has reported a strong Q4/2022 with a ‘record’ quarterly revenue of $724.7 million reflecting an annual improvement of more than 75%, contributing to its annual revenues for 2022 growing more than 68% to $2.3 billion.
SolarEdge To Acquire Hark Systems
Energy Analytics & IoT Company To Help Expand SolarEdge’s Monitoring & Energy Management Services For C&I Customers
SolarEdge Technologies, Inc is acquiring UK based energy analytics and internet of things (IoT) company Hark Systems Ltd in a move that it believes will help its commercial and industrial (C&I) customers expand their capabilities in energy management and connectivity.
New Solar Products Overview 9M/2022
A Selection of Interesting Global PV Product Releases In first 9 Months of 2022
As the solar market has been continuing to grow rapidly over the course of 2022, the solar industry has been addressing the gigantic demand with many interesting new products across the value chain.
China PV News Snippets
TEDA 260 MW PV Project Begins Construction & More From Yujing Machinery, China Datang, GoodWe, Jinchen Corp, Solis
Construction begins for TEDA’s large distributed PV project; Yujing Machinery to sell 210 diamond wire slicer to Trina; State Grid to invest in Agri-PV projects; China Datang procurement bid winners out; GoodWe H1 2002 report released; Jinchen .
China PV News Snippets
CTG Enters PV Cell Production & More From GCL System, Lucky Optoelectronics, TBEA, China Huadian, Shangji Automation
CTG invests in new 10 GW PV cell production facility; GCL System revenue at RMB 2.7 bn in H1 2022; Lucky Optoelectronics begins new material project; TBEA releases H1 2022 results; Yajiang Hongxing I project begins; Shangji Automation announces 2022 semi-annual results.
Sungrow Inverters For 120 MW ‘Largest’ BIPV Project
World’s ‘Largest’ BIPV Project With Sungrow Inverters Takes Shape In China
Chinese solar PV inverter supplier Sungrow is supplying its inverters for what it terms as the world’s ‘largest’ building integrated PV (BIPV) project to date with 120 MW planned capacity whose Phase I was commissioned in June 2022.
China PV News Snippets
Yingli Solar ground breaking for 5 GW cell line & More From Shuangliang Eco-Energy, Lixin, Gold Stone, Chint Power
Yingli begins construction of 5 GW high-efficiency cell line; Shuangliang Eco-Energy to lend RMB 1.1 bn; Lixin invests in new energy projects; Gold Stone launches 800 MW production line; Risen to invest in silicon metal project; Chint commissions 3 GW manufacturing base.
SMA Solar’s H1/2022 Financials Take A Beat
Supply Chain Challenges Pull Down SMA Solar’s H1/2022 Sales, But Management Reiterates Annual Guidance
German solar inverter maker SMA Solar Technology AG blamed ‘persistent supply difficulties’ for electronic components’ impacting its financials in H1/2022 as net income declined to -€10.6 million compared to €13.3 million earned a year back, however its order intake continued to be high.
SolarEdge’s Q2/2022 Financial Results Out
Europe & US Markets Drive Solar Revenues For SolarEdge In Q2/2022 As Supply Chain Challenges Continue
Israel headquartered solar PV inverter supplier SolarEdge Technologies, Inc saw its GAAP revenues surge 52% YoY to $727.8 million in Q2/2022 led by solar, and growing demand for clean energy, majorly from Europe and the US markets, however its net income went down 67% to $15.1 million.
Patent Lawsuit Against SolarEdge Technologies
Ampt Accuses SolarEdge Of Patent Infringement Over Power Optimizer Technology
Ampt LLC, a US based power optimizer supplier to large scale solar energy systems, has filed a lawsuit against Israel headquartered SolarEdge Technologies in the US, accusing it of infringing on its patented power optimizer technology.
Healthy Enphase Energy’s Q2/2022 Financial Results
Strong European Sales Lead Enphase Energy To Report Another Strong Quarter In Q2/2022
US based solar microinverter and storage systems supplier Enphase Energy, Inc reported another healthy quarter in Q2/2022 with 66% annual growth in the US and 89% in Europe contributing to total revenues of $530.19 million, while GAAP net income swelled to $76.97 million.
2021 Inverter Rankings A Chinese Game
Global PV Inverter Shipments Added Up To 225 GW AC In 2021, Led By Huawei & Chinese Peers
In 2021, global solar PV inverter shipments added up to 225.286 GW AC in 2021, having grown 22% or 40.25 GW AC on annual basis, thanks to strong growth supported by government policies in the markets of Europe, India and Latin America, says Wood Mackenzie.
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