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
3t Strengthens Global Reach with New MD Appointment to Drive Middle East Growth
3t, a global leader in safety-critical training, has appointed Hani Sagr as its new Managing Director for the MENA region. With extensive experience across the region, Sagr brings deep industry expertise from his previous roles with Eurasian Resources Group, Welltec, Schlumberger and Schneider Electric. This strategic appointment closely follows 3t’s recent acquisition of GTSC, the… Read more »
Nauticworx secures first clients following launch of innovative workboat availability platform
Rotterdam-based startup gains traction after SMM Hamburg launch; now eyes further growth at International WorkBoat Show in New Orleans. Since its September launch, Nauticworx.com, the new digital platform designed for efficient workboat spot chartering, has attracted significant market interest. Several early adopters have joined the platform to publish their real-time project needs for temporary workboats… Read more »
Octopus Energy surpasses $2 billion offshore wind investment in 2 years
Octopus speeds up its global offshore wind activity after launching its dedicated Offshore Wind Fund last year Latest milestone in plans to unleash $20bn into global offshore wind by 2030 Octopus has pioneered offshore wind innovation, offering discounted electricity through its ‘Fan Club’ model to customers near certain turbines Baku/London, Monday 11th November 2024… Read more »
Lakeside facility connects to grid and becomes UK’s largest transmission connected battery
National Grid plugs TagEnergy’s 100MW battery project in at its Drax substation Following energisation, the facility in North Yorkshire is the UK’s largest transmission connected battery energy storage system (BESS) The facility is supporting Britain’s clean energy transition, and helping to ensure secure operation of the electricity system A battery storage project developed by… Read more »
bound4blue secures major wind propulsion retrofit contract with Maersk Tankers
Maersk Tankers places landmark order for wind-assisted propulsion systems as part of on-going strategy to enhance fleet sustainability bound4blue to supply and install 20 26-meter eSAILs® across five separate MR vessels Barcelona, 11 November, 2024: bound4blue has consolidated its position at the forefront of shipping’s revolution with a landmark contract with Maersk Tankers. The… Read more »
Strategic Partnership of nvisionist with Toyota Group, Launching nvbird® Installation in Japan
The internationally awarded nvisionist continues to collaborate with leading global companies, further expanding its international presence into Asia. nvisionist announces another strategic partnership of global reach. The multi-award-winning start-up has teamed up with the renowned Toyota Group to install the internationally pioneering nvbird® bird collision prevention system on wind turbines at two wind farms in… Read more »
Swiss Steel Group Sets New Standard with Lead-Free Machinable Steel 11SMn30+BX: A Fusion of Sustainable Precision and Technical Excellence
RWE chooses Thyborøn Port to build Denmark’s largest offshore wind farm to date
Sea breezes and bill eases: Octopus Energy’s offshore wind ‘Fan Club’ delivers one year of savings for Grimsby residents
PCL Awards Polar Racking to supply Utility-Scale Fixed-Tilt Solar System & Double Helical Foundation to quA-ymn Solar Project
Online Magazine Reader
- Solar/PV
- Wind
- China