SMA Launches Cost-effective and Flexible Inverter for High-voltage Batteries

“For end users, using a storage system means increasing independence from utility companies, for example, through increased self-consumption of the electricity they have produced themselves. More and more people are doing this to save money on energy costs and to contribute to environmental protection,” said SMA Chief Executive Officer Pierre-Pascal Urbon. “Within a year, the cumulated number of battery-storage systems installed in Germany so far has more than doubled to over 30,000, thanks to the decline in prices. Our future energy supply is decentralized and renewable. With the new Sunny Boy Storage, SMA ensures the cost-effective, easy and flexible integration of the solution into new or existing photovoltaic systems,” continued Urbon.

The new SMA Sunny Boy Storage battery inverter has been designed especially for high-voltage batteries like the Tesla Powerwall. The combined package of the battery and Sunny Boy Storage makes it possible to store electricity at costs that, according to Urbon, are comparable to German household electricity rates.

“SMA is the only provider that can currently offer an AC-coupled system for high-voltage batteries,” said Volker Wachenfeld, Head of the Off-Grid and Storage business unit at SMA. “This means, the storage system operates in parallel with the PV system, making it possible to easily and cost-effectively integrate battery storage systems into existing PV installations, while also flexibly enhancing the storage system. The reason for this is that with an AC-coupled storage solution it is not necessary to touch the PV system. With our solution, we can thus also tap into the major market of existing PV installations. In Germany alone, we are talking about nearly 900,000 installed PV systems with a capacity of less than 10kWp, where subsidies will gradually end.” According to Wachenfeld, the system concept also enables integration into any system configuration, even in new installations. Thanks to AC coupling of the storage system and standardized interfaces, the system can be expanded and adapted to individual needs brought about by changes in living circumstances, such as the integration of an electric vehicle or changed energy demands, even after installation.

In addition, the online portal Sunny Places gives users of the storage solution a transparent overview of their home, while an app enables them to view energy flows and access potential savings. And with the Sunny Home Manager, the system can be integrated into a comprehensive energy management system, if needed.

According to Urbon, it is currently difficult to estimate the market potential for electrical storage systems. In the medium term, SMA anticipates global annual demand of approximately €0.5 billion to €1.2 billion for all storage applications. “To a great extent, demand will depend on the decline in prices of stationary storage systems, which currently make up more than 75% of investment costs for the storage solution,” explained Urbon regarding the market potential of electrical storage systems. As market leader with more than 30 years of experience, SMA has unparalleled expertise in the field of storage system integration. To ensure maximum long-term reliability and flexibility for end users, SMA is collaborating with almost all well-known battery producers.

The first systems will be sold starting March 2016, first in Germany, and then in other important storage markets such as Italy, the UK, Australia and the U.S.. SMA will present Sunny Boy Storage for the first time at Capital Markets Day on January 29, 2016.



About SMA
The SMA Group with sales of more than €800 million in 2014 is the global market leader for solar inverters, a key component of all PV plants and offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 20 countries. The Group employs more than 3,500 people worldwide. SMA has an extensive range of products, which offers the right inverters for all module types and plant sizes; for small residential systems as well as large scale plants, grid-connected photovoltaic systems as well as off-grid and hybrid systems. The technology is protected by 740 patents and utility models worldwide. The range of services is supplemented by comprehensive services and operational management of large-scale PV power plants. 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 also in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel.: +49 561 9522-2805
Presse@SMA.de

Press contact:
Susanne Henkel
Manager Corporate Press
Tel.: +49 561 9522-1124
Fax +49 561 9522-421400
Presse@SMA.de



Disclaimer:
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.