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.

German inverter maker SMA Solar Technology and Denmark’s Danfoss said they plan to enter a close strategic partnership, in which the engineering group will buy 20% of SMA’s outstanding shares for ...

It has been another impressive 12 months for solar inverter market leader SMA Solar, as it announces another notable milestone in the North American marker. It has now installed over 10 GW of ...

SMA is offering a new line of four inverters with power ratings of 12kW, 15kW, 20kW and 25kW, for use in rooftop PV systems up to 135kW in size. It claims the inverters provide grid-compliant power ...

SMA Solar Technology achieved 78.64% revenue growth in FY23 but faced a 73.55% YTD market price collapse in FY24 due to oversupply from Chinese manufacturers. Despite market challenges, SMA's Large ...

German solar inverter manufacturer SMA Solar will cut 350 jobs in 2026 as it adapts to the “weak” residential PV market.

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 ...

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 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 ...

FRANKFURT, Jan 18 (Reuters) - SMA Solar, Germany's largest solar company, on Monday said it would start selling an inverter designed for home storage systems, aiming to tap a market expected to thrive ...

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 Denver. SMA expects to employ about 300 ...