Inverters

The STA has warned Italian company Fimer, which is set to acquire Swiss company ABB’s inverter business, it will have to honor customer service commitments made to its British members, and voiced fears related to historic quality issues with ABB inverters.

“The Sapphire” is one of the first passive houses in New South Wales (NSW). Located in the Blue Mountains’ village of Foulconbridge, “The Sapphire” is a carbon zero house utilising an SMA Energy System consisting of a Sunny Boy solar inverter and a Sunny Boy Storage battery inverter providing clean solar power.

The Distributed Energy Resource (DER) laboratory “DER-Lab” will provide an environment for safe testing of new technologies including monitoring and communication devices, smart controllers, aggregation (e.g. Virtual Power Plant), market participation software and other innovative new products.

A tribute to Guy Sella has hailed ‘a brilliant man’ and ‘a revolutionary trailblazer’ who was ‘vibrant and energetic’ yet ‘down-to-earth and approachable’.

For the second half of the year, the German inverter producer expects a significant increase in revenues and earnings, mainly due to high order intake. It also confirmed its forecast for the full fiscal year, despite declining sales and sales in the first six months of 2019.

The research firm says the value of the global inverter market will continue to decline until 2024, even though shipments will likely increase. China’s recent policy changes have increased pressure on prices, which will contribute to greater consolidation in the sector.

Pestech, a Malaysia-based electrical power technology company, has entered into a partnership with Chinese inverter maker Sungrow to jointly develop new floating solar solutions.

The Israeli inverter manufacturer saw its net profit decline 4% year-on-year to $33.1 million in the second quarter, despite shipping 1.3 GW and seeing a 43% increase in turnover. Gross margins were affected by the increase in U.S. tariffs on China made products.

This Swiss giant is following a trend as large multinational high-tech companies see their role as redesigning infrastructure rather than supplying inverters at ever lower margins. Schneider Electric has pulled out of large scale solar, Siemens’ Kaco acquisition and Junelight launch show increasing interest in the C&I and residential markets, and GE is likely to divest its power conversion business due to low profit margins in that sector.

Roth Capital Partners reports that the inverter maker ceased U.S. sales last Friday, laying off all of its U.S. citizen staff, amid rising tensions between the Trump Administration and China.