SMA signs 2-year agreement to supply Powin with battery inverters

Nov 30, 2022 10:09 PM ET
  • SMA America and united state battery expert Powin authorized a two-year framework agreement for the supply of SMA system solutions for a total of 2 GW of storage space capacity along with for service work.

" We are eagerly anticipating a synergistic partnership in this growth market," claimed Jay Arghestani, VP of big scale services at SMA America. "Powin and also SMA both represent development as well as technological excellence as well as are committed to the growth of renewable energy. We understand that Powin values the quality as well as dependability of SMA's products and also options, as well as we are certain that we will certainly supply the appropriate solutions for future storage space projects."

Under the agreement, Powin has committed to installing at the very least 2 GW of storage space capacity with SMA solutions over the next few years. With the two-year agreement, the U.S. company will certainly gain from a foreseeable forecast for the next 2 to 3 years, even more predictable pricing for SMA components as well as therefore more assurance for project planning. At the same time, the agreement is additionally expected to enhance the firm's supply chain administration and provide the ability to more quickly strategy and also scale projects.

" Our commitment to the united state market and to our consumers is further enhanced by our collaboration with SMA, among the globe's finest producers of inverters," stated Anthony Carroll, president of Powin. "The power storage space market is going into a new stage of transformative growth and SMA will certainly assist us satisfy the expanding demand and also offer our clients with more flexibility in choosing their preferred power conversion innovation."

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