The report evaluated total installed capacity among inverter manufacturers from Q1 through Q4 of 2017 and found that SMA had the largest commercial market share in the U.S., with more than 26 percent. SMA also holds the top spot in California, where the company has nearly 39% of the state’s commercial market share. In 2016, SMA was ranked no. 2 in the U.S. commercial market after holding the no. 1 position in 2014 and 2015.
“We are thrilled to regain our ranking as the top commercial inverter supplier in the U.S.,” said Charles Ellis, vice president of distributed sales for SMA America. “Last year we invested heavily in the commercial market with new solutions and new service offerings, and we are grateful to our customers who chose our inverters for their projects.”
In 2017, SMA introduced the Sunny Tripower CORE1 inverter for commercial installations—a highly-anticipated and popular product that has boosted the company’s U.S. commercial business. SMA also recently introduced O&M services for commercial installations in an effort to further invest in the commercial market.
With a total installed inverter power of more than 12 GW in the region, SMA is a leading specialist in PV system technology in North America. The company provides comprehensive products and solutions ranging from module level power electronics through string and central inverters, intelligent energy management systems for households and commercial enterprises as well as turnkey solutions for utility scale PV power plants. In addition to its broad portfolio of technical solutions, SMA’s has a leading position as an operations and maintenance (O&M) supplier and ranks among the top service providers in North America.
The SMA Group with sales of around €900 million in 2017 is a global 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 and digital energy 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 1,000 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
Head of Corporate Communications:
Tel. +49 561 9522-2805
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
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.