Germany-based SMA Solar is to acquire Danfoss’ solar inverter business. Danfoss will acquire 20% of SMA’s shares with a value of €302 million (US$415 million) in return for selling its inverter unit.

SMA is the first inverter manufacturer to complete functional and safety testing with UL according to the UL 1741 SA (Supplement A) draft standard, which identifies inverter functions required for ...

DENVER--(BUSINESS WIRE)--Veritone, Inc. (NASDAQ: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced development of a new device learning ...

Germany's SMA Solar grew at a blistering pace in the third quarter, doubling its revenues to a record-smashing €627m ($859.9m) as it continues to dominate the global inverter market. Kassel-based SMA ...

SMA sold inverters with a cumulative output of 13.6GW in 2021. Image: SMA Solar Technology. SMA Solar Technology’s sales for 2021 came in below prior expectations for the year as the inverter supplier ...

SMA Solar Technology delivered strong financial results for fiscal year 2023, with group sales growing 79% and net income quadrupling. The company's large scale projects segment showed particularly ...

"Silicon carbide enables us to build the inverters compact, powerful and reliable," said Sven Bremicker, Head of Technology Development Center at SMA. "In the Sunny Highpower PEAK3, the CoolSiC ...

Intense price pressure is driving consolidation in the global solar inverter industry, with the top 10 suppliers now controlling an 80% share of the market, the highest level in years, according to ...

SMA Solar shares are down more than 75% from their peak in June 2023 and 50% YTD. The company achieved record revenue in 2023 and profit quadrupled, but guidance for 2024 was muted. Q1 2024 results ...

Getting your Trinity Audio player ready... SMA Solar Technology AG, the world’s largest maker of solar inverters, said Monday that it will locate its first manufacturing plant outside of Germany in ...