“The Green Party wants to overcome dependency on petroleum and clear the way for a complete conversion to renewable energy – not only in the energy sector but also in the heating, building and transport sectors,” said Peter. “The transformation of the supply structures towards a decentralized, digital and renewable energy supply across all sectors is an investment and innovation project. It is also a job engine for Germany as an economic location because the technology and infrastructure required are developed by innovative companies like SMA. Politicians must therefore now set the course to lead this forward-looking project to success and strengthen the international leading role of German companies. After the 2017 parliamentary elections, we are calling for a new Renewable Energy Sources Act (EEG) that takes these aspects into account.”
“Digitization is turning traditional energy supply structures upside down worldwide – and it creates completely new opportunities and possibilities for decentralized power producers and consumers. In order to tap into the enormous potential, particularly with regard to the increasingly cost-effective use of solar energy, we require a regulatory environment on both a national and European level that will encourage further development in this field and reduce bureaucratic hurdles,” said Urbon. “This includes eliminating barriers to the peer-to-peer trading of solar energy, encouraging the development of flexible markets and the accelerated expansion of smart grids and smart metering.”
In this context, the “Digitalisation and Solar Task Force” of SolarPower Europe, led by Prof. Bernd Engel, board representative for grid integration at SMA, and Detlef Beister, Business Development Manager at SMA, has published 10 regulatory asks of the industry to accelerate digitization of solar electricity supply.
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.
SMA Solar Technology AG
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This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.