Global Storage Market Study: SMA Leads the Way in Battery Inverters

SMA Battery Inverters (PresseBox) ( Niestetal, )
With around 400MW of power sold, SMA Solar Technology AG (SMA) was the number one on the list of international battery inverter manufacturers in 2017. This was the result of the recently published “Energy Storage Inverter (PCS) Report 2018” by IHS Markit, a leading global institute for analytics and information. In addition to products for storage systems in households and companies, SMA also provided Sunny Central Storage battery inverters for multiple large-scale storage projects all over the world in 2017.

In 2017, SMA topped the list of international battery inverter manufacturers, selling 200MW more power than its closest rival. The PV inverter specialist from Niestetal, Germany, shipped battery inverters for various major projects in, among countries such as Germany, the U.S. and the United Kingdom, where it has achieved a market share of around 55 percent.

“Although the price pressure is increasing, total battery inverter shipments worldwide are growing,” said Cormac Gilligan, research manager for solar and energy storage at IHS Markit. “As energy storage installations continue to grow rapidly, leading battery inverter suppliers are continuing to expand their portfolios and enter new geographies rapidly, to safeguard their positions and stay ahead of growing competition.”

For storage systems in households and small companies, SMA offers the Sunny Boy Storage and Sunny Tripower Storage battery inverters. Sunny Island battery inverters are used in off-grid and grid-connected energy storage systems. With Sunny Central Storage, SMA offers battery inverters for storage projects on a power plant scale. The Sunny Central Storage solutions for integrating large-scale, state-of-the-art storage systems make a key contribution to the continued rise of renewable energies because they offer a range of grid management services for stabilizing the utility grid.

All information about the SMA battery inverters can be found on the SMA website.

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.
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