SMA Solar Technology AG (SMA) will expand manufacturing into the US with a projected start of production in 2025. SMA is working with multiple states and potential partners to evaluate the most strategic manufacturing location and approach. Site selection is anticipated in the first half of 2024. SMA plans 3.5 gigawatt of capacity per year in the new site, with opportunities to expand with time. It is expected to create up to 200 new jobs in the first three years.
“The US is a key market, and the Inflation Reduction Act (IRA) provides an extraordinary opportunity for long-term growth,” says SMA CEO Jürgen Reinert. “With this step we will significantly strengthen our market share in the US and set the course for SMA’s future growth. The global demand for climate-friendly solar solutions and the urgent need for more energy efficiency continues to increase. This is reflected in our order books, and with our broad portfolio of solutions we are ideally positioned to benefit from this decision.”
Local manufacturing is a strategic piece of SMA’s growth trajectory
“This strategic decision will energize SMA’s growth and supply solutions to a market seeking domestically sourced products,” said Jeppe Johansen, managing director of SMA America. “We applaud the Biden Administration working in collaboration with the Department of Energy and the IRS for their bold policies to stimulate clean energy manufacturing in the US. The potential for our market is vast and local manufacturing is one strategic piece of our growth trajectory.”
US manufacturing site will additionally enlarge SMA production capacity
The manufacturing expansion into the US which will add 3.5 gigawatt of capacity per year, coincides with the construction of the SMA GIGAWATT FACTORY, which has empowered SMA to double its production capacity in Germany to 40 gigawatts per year. Starting in 2025, solutions for large-scale PV and storage power plants will be manufactured in Niestetal for global deployment.
- News
- Press Releases
- Solar
More from across PES
Storm Lilian – energy networks issue storm advice
The UK’s energy networks have activated their weather response plans to prepare for the arrival of Storm Lilian, which is forecast to bring severe weather to parts of the country overnight tonight (Thursday 22 August) and tomorrow. Network operators in the affected areas are increasing staffing in contact centres and operational teams, and moving equipment to where… Read more »
Jan De Nul Group contests detention of dredging vessel Zheng He in Mexico
Despite various attempts undertaken by Jan De Nul Group, both through local proceedings as through diplomatic channels, dredging vessel Zheng He remains detained in the Port of Tampico, Mexico. Jan De Nul Group will continue to take all possible actions to protect its crew, to reserve its rights over its assets and to obtain a… Read more »
Terrasmart De-Risks Hail Damage with New Tracker Stow Feature
Withstand extreme weather and terrain challenges with cloud-based monitoring and industry-leading ground-mount portfolio BUFFALO, N.Y. August 20, 2024 — Terrasmart is excited to announce the release of a new hail stow feature for its single-axis tracker,TerraTrak. The hail stow capability brings additional risk mitigation functionality to PeakYieldTM, Terrasmart’s cloud-based tracker control and monitoring software platform…. Read more »
Alessandro Papaianni is the new Country Manager of K2 Systems Italy
Alessandro Papaianni is the new Country Manager for K2 Systems in Italy, effective immediately: Alessandro has been working in the photovoltaic industry for many years and has extensive experience in the field of renewable energies and B2B distribution. Claudia Vannoni, Head of Sales for Southern Europe, is certain: “His professional knowledge and strategic vision will… Read more »
Pfeiffer Vacuum Achieves Gold Medal in EcoVadis Sustainability
Pfeiffer Vacuum, a member of the global Busch Group, has once again been awarded the prestigious EcoVadis Gold Medal for its site in Asslar. This places the company among the top 2% of organizations evaluated over the past twelve months by the world’s largest sustainability rating provider. Asslar, August 20, 2024 – The recognition underscores… Read more »
Report Highlights Advancements in Wind Technology and Supply Chains
New dynamics expected in the years ahead as deployment and supply chains expand Though 2023 was a relatively slow year for new wind power deployment in the United States, the industry continues to see growth, solid performance, expanding supply chains, and attractive prices, according to a report prepared for the U.S. Department of Energy (DOE) by… Read more »
DNV SUPPORTS AUD 650M FINANCING FOR AKAYSHA’S ORANA ENERGY STORAGE PROJECT IN NEW SOUTH WALES, AUSTRALIA
REC Group Kicks Off Production of High-Efficiency Alpha Pro M HJT solar panels for U.S. Commercial and Industrial Solar Markets
AST Networks to Highlight Strategic Partnerships and In-Depth Sessions at SMM 2024
Online Magazine Reader
- Solar/PV
- Wind
- China