Company type | Aktiengesellschaft |
---|---|
FWB: S92 S92 | |
ISIN | DE000A0DJ6J9 |
Industry | Renewable energy, Photovoltaics |
Founded | 1981 |
Founder | Werner Kleinkauf, Günther Cramer (1952-2015), Peter Drews and Reiner Wettlaufer |
Headquarters | Niestetal, Germany |
Key people | Jürgen Reinert (CEO), Uwe Kleinkauf (chairman of the supervisory board) |
Products | Inverters for solar energy systems |
Revenue | € 1,904.1 million (2023) [1] |
Number of employees | 4,377 (December 2023) [1] |
SMA Solar Technology AG (meaning System, Mess and Anlagentechnik) is a German solar energy equipment supplier founded in 1981 and headquartered in Niestetal, Northern Hesse, Germany. SMA is a producer and manufacturer of solar inverters for photovoltaics systems with grid connection, off-grid power supply and backup operations.
The company has offices in 20 countries. [1]
SMA had 4,377 employees and generated worldwide sales of 1,904.1 million euros and an EBITDA of 311 million euros in 2023. [1] It is the largest Europe-based solar technology company by revenue. [2] The company is focused on the development and manufacture of system technology for photovoltaics, battery storage systems and energy management. Earlier, SMA included divisions for railway engineering, and industrial computers. SMA is represented in Germany, the US, Chile, Brazil, Mexico, Canada, Spain, Italy, France, China, Australia, Belgium, India, Poland, Japan, UK, South Africa, South Korea, Thailand, Türkiye and the United Arab Emirates.
In 2011, SMA acquired one of its long-standing suppliers of electronic components, the Polish company dtw Sp oo. Then in 2012, SMA acquired a majority stake in the Chinese company Jiangsu Zeversolar New Energy Co., Ltd., a solar inverter manufacturer, followed by the solar inverter operations of the Danish company Danfoss in 2013. In April 2016, SMA acquired a 27% stake in Tigo Energy, Inc. in the context of a capital increase. SMA is also obtaining exclusive rights for worldwide sales of the smart module technology TS4 Retrofit. [3] In January 2018, SMA founded the new subsidiary for digital energy, coneva GmbH, headquartered in Munich. [4] SMA sold its Chinese companies in 2019. [5]
The company was founded by Werner Kleinkauf and former board members Günther Cramer (1952–2015), Peter Drews and Reiner Wettlaufer as a separate company from the University of Kassel, subsequently renamed in 2004 to SMA Technologie AG. In 2006 Pierre-Pascal Urbon expanded the board. In June 2008, the name was changed to the present SMA Solar Technology in order to emphasize the focus on solar and the internationalization of the company. At the same time, the railway technology division was spun into SMA Railway Technology GmbH, which was sold to Chinese Beijing Dinghan in 2017. [6]
Larger changes to the board became effective after the Annual General Meeting in June 2009. One of the founders, Reiner Wettlaufer, joined the supervisory board. Roland Grebe was added as chief technology officer and Marko Werner as chief marketing & sales officer; both were more than 20 years with the company. In April 2010, the board also had Jürgen Dolle in human resources and Uwe Hertel in operations. Since the 2011 Annual General Meeting, Pierre-Pascal Urbon became CEO, responsible for the strategic direction of the company and the continuation of internationalization. Two founders, Drews and Cramer, then joined to the supervisory board. Uwe Hertel retired from the board in 2011. In November 2012, Lydia Sommer joined the board and took over the finance and law responsibilities from Urbon, who previously held this portfolio in a dual role as chief executive officer and chief financial officer. Since May 2013, Lydia Sommer was also responsible for human resources and labor relations director, after Jürgen Dolle retired from the board. In January 2015 Martin Kinne took over board responsibility for sales and service.
As part of the company's transformation in 2015, the supervisory board of SMA reduced the number of managing board members. Lydia Sommer left the board in February 2015, and Martin Kinne in December 2015. From January 2016, the managing board of SMA comprised the following members: Roland Grebe (board member for human resources and IT), Juergen Reinert (board member for operations and technology), Pierre-Pascal Urbon (chief executive officer, board member for strategy, finance/legal and sales).
Roland Grebe stepped down from the managing board as per December 31, 2016. As of January 1, 2017, the managing board of SMA Solar Technology AG comprises the following members: Ulrich Hadding (board member for finance, human resources and legal), Jürgen Reinert (deputy CEO, board member for technology and operations), Pierre-Pascal Urbon (CEO, board member for strategy, sales and service). [7]
Pierre-Pascal Urbon left the company on December 31, 2018, at his own request, after having resigned from the managing board in agreement with the supervisory board on October 15, 2018. Ulrich Hadding, Chief Financial Officer, Human Resources and Legal Affairs of SMA Solar Technology AG, left the Company at his own request on May 31, 2022, after many years of service. Barbara Gregor, Managing Director and CFO of thyssenkrupp Materials Trading GmbH and the international thyssenkrupp Materials Trading Group, has been appointed to the Managing Board as his successor. Jürgen Reinert is now chief executive officer of SMA Solar Technology AG and is responsible for strategy, sales and service in addition to operations and technology. Barbara Gregor is responsible for the SMA board functions of Finance, Legal and Capital Market Communications. [8]
SMA sells photovoltaic solar inverters as product families using the Sunny Boy name for home systems, Sunny Tripower and Sunny Highpower for medium-sized plants through the multi-megawatt range and Sunny Central [9] for ground-mounted systems and solar farms, often from 500 kW to the several-megawatt range for self-consumption of solar power and feeding into the utility grid. SMA also produces the Sunny Island for independent, stand-alone systems as well as off-grid and on-grid battery systems, the Sunny Boy Storage and the Sunny Central Storage for grid-tied battery systems of all sizes. The inverter products are complemented by components for energy management, system monitoring and data analysis as well as services ranging to operations and maintenance of large-scale PV power plants.[ citation needed ]
The company's stock shares have been listed on the Prime Standard of the Frankfurt Stock Exchange since June 27, 2008. The company's stock has been qualified for the technology index TecDAX. With the reorganization of the DAX indizes by Deutsche Börse on September 24, 2018, the SMA stock moved from TecDAX to SDAX. Since September 2008, the stock has been part of ÖkoDAX and was listed in 2009 in the 30 Index Global photovoltaic. Currently, 25 percent of the shares are in free float.
SMA products have also been awarded the Intersolar Award, [10] ees Award and Smarter E Award. [11]
Distributed generation, also distributed energy, on-site generation (OSG), or district/decentralized energy, is electrical generation and storage performed by a variety of small, grid-connected or distribution system-connected devices referred to as distributed energy resources (DER).
A solar inverter or photovoltaic (PV) inverter is a type of power inverter which converts the variable direct current (DC) output of a photovoltaic solar panel into a utility frequency alternating current (AC) that can be fed into a commercial electrical grid or used by a local, off-grid electrical network. It is a critical balance of system (BOS)–component in a photovoltaic system, allowing the use of ordinary AC-powered equipment. Solar power inverters have special functions adapted for use with photovoltaic arrays, including maximum power point tracking and anti-islanding protection.
SolarWorld is a German company dedicated to the manufacture and marketing of photovoltaic products worldwide by integrating all components of the solar value chain, from feedstock (polysilicon) to module production, from trade with solar panels to the promotion and construction of turn-key solar power systems. The group controls the development of solar power technologies at all levels in-house.
A photovoltaic system, also called a PV system or solar power system, is an electric power system designed to supply usable solar power by means of photovoltaics. It consists of an arrangement of several components, including solar panels to absorb and convert sunlight into electricity, a solar inverter to convert the output from direct to alternating current, as well as mounting, cabling, and other electrical accessories to set up a working system. Many utility-scale PV systems use tracking systems that follow the sun's daily path across the sky to generate more electricity than fixed-mounted systems.
Bosch Solar Energy AG was a German solar wafer and solar cell manufacturer, based in Erfurt, which specialized in crystalline silicon-based photovoltaic (PV) products, as well as thin-film modules using amorphous silicon and CIGS absorber materials. The company consisted of various divisions for silicon, wafers, solar cells and modules, research and production facilities in Germany and France and plans were made to open a production line in Malaysia. It has been listed on the German stock exchange since 30 September 2005 and on 19 December 2005 its shares were admitted to the TecDAX. The enterprise was founded in 1997 as ErSol Solarstrom GmbH & Co. KG.
Phoenix Solar AG was a German solar photovoltaic company involved in the systems integration business. Specifically, the company designs, builds and operates large, utility-scale photovoltaic power plants and a specialist wholesaler of photovoltaic systems, solar modules and related equipment.
Stefan Krauter is a German engineer working in renewable energy. He specializes in photovoltaics, the direct conversion of sunlight into electricity. He is a professor at the University of Paderborn.
Solon SE was a German solar energy company with headquarters in Berlin. Solon SE produced photovoltaic modules at its production sites in Greifswald, Steinach in Tirol, Carmignano di Brenta, Tucson and Berlin. Solon also offered turn-key solar power plants, projected by SOLON Inverstments and Inverters, developed and produced by SOLON Inverters AG.
A power optimizer is a DC to DC converter technology developed to maximize the energy harvest from solar photovoltaic or wind turbine systems. They do this by individually tuning the performance of the panel or wind turbine through maximum power point tracking, and optionally tuning the output to match the performance of the string inverter. Power optimizers are especially useful when the performance of the power generating components in a distributed system will vary widely, such as due to differences in equipment, shading of light or wind, or being installed facing different directions or widely separated locations.
SolarEdge Technologies, Inc. is a company that developed a DC optimized inverter system.
Gehrlicher Solar AG is a German photovoltaics corporation with its registered office in Neustadt near Coburg and its administrative headquarters in Dornach near Munich. Gehrlicher Solar AG acts as a system integrator, planning, building, financing, maintaining and operating photovoltaic systems on open areas and roofs. In addition, the corporation acts as a wholesaler for solar modules, inverters and complete photovoltaic systems as well as offering its own developed components from the „GehrTec“ family of products.
The Agua Caliente Solar Project is a 290 megawatt (MWAC) photovoltaic power station, built in Yuma County, Arizona using 5.2 million cadmium telluride modules made by the U.S. thin-film manufacturer First Solar. It was the largest solar facility in the world when the project was commissioned in April 2014.
A photovoltaic power station, also known as a solar park, solar farm, or solar power plant, is a large-scale grid-connected photovoltaic power system designed for the supply of merchant power. They are different from most building-mounted and other decentralized solar power because they supply power at the utility level, rather than to a local user or users. Utility-scale solar is sometimes used to describe this type of project.
The Lauingen Energy Park is a 25.7–megawatt (MW) photovoltaic power station, located in Bavarian Swabia, Germany. It covers an area of 63 hectares and was commissioned in June 2010.
The Fraunhofer Institute for Solar Energy Systems ISE is an institute of the Fraunhofer-Gesellschaft. Located in Freiburg, Germany, The Institute performs applied scientific and engineering research and development for all areas of solar energy. Fraunhofer ISE has three external branches in Germany which carry out work on solar cell and semiconductor material development: the Laboratory and Service Center (LSC) in Gelsenkirchen, the Technology Center of Semiconductor Materials (THM) in Freiberg, and the Fraunhofer Center for Silicon Photovoltaics (CSP) in Halle. From 2006 to 2016 Eicke Weber was the director of Fraunhofer ISE. With over 1,100 employees, Fraunhofer ISE is the largest institute for applied solar energy research in Europe. The 2012 Operational Budget including investments was 74.3 million euro.
Su-Kam Power Systems Ltd. is an Indian power provider. The company offers power backup solutions for both domestic and industrial markets, with a focus on environmentally friendly energy sources such as solar power.
Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize the solar micro-inverter, which converts the direct current (DC) power generated by a solar panel into grid-compatible alternating current (AC) for use or export. The company has shipped more than 48 million microinverters to 2.5 million solar systems in more than 140 countries.
Photovoltaic system performance is a function of the climatic conditions, the equipment used and the system configuration. PV performance can be measured as the ratio of actual solar PV system output vs expected values, the measurement being essential for proper solar PV facility's operation and maintenance. The primary energy input is the global light irradiance in the plane of the solar arrays, and this in turn is a combination of the direct and the diffuse radiation.
Gannawarra Solar Farm is a photovoltaic solar power station in the Gannawarra Shire, 13 kilometres (8.1 mi) west of Kerang in the Australian state of Victoria. It generates up to 60 MWdc electricity and exports up to 50.61 MWAC to the National Electricity Market at 66 kV.
The Bison Solar Plant, also known as the Rawhide Flats Solar Plant, is a 30 megawatt (MWAC) photovoltaic power station in Larimer County, Colorado located about 10 miles (16 km) north of the town of Wellington. The plant is notable for being one of the first in the U.S. built to a 1500 Volt system specification. The electricity is being sold to the Platte River Power Authority (PRPA) under a 25-year power purchase agreement.
{{cite web}}
: CS1 maint: archived copy as title (link)