Swiss engineering giant ABB is renaming California-based inverter division Power-One Renewable Energy Business, which will adopt the ABB brand name this month as part of the planned integration of the unit.
ABB acquired Power-One, the worlds second largest manufacturer of photovoltaic inverters, in July 2013. The entire current Power-One Renewable Energy product offering, including all its product names, such as UNO, TRIO and ULTRA, will remain intact under the ABB brand, and all of its product certifications in all countries will remain valid.
In addition to maintaining its current solar offering, ABB will continue developing inverter, monitoring and integrated energy storage solutions to meet growing global demand.
By transitioning Power-Ones Renewable Energy business to the ABB brand, we will be able to take full advantage of the combination of these two companies, said Pekka Tiitinen, head of ABBs Discrete Automation and Motion division. We will have one of the most comprehensive solar inverter offerings under one brand, meeting customers needs across all key segments utility, commercial and residential.
Solar is an important and rapidly growing part of our global energy mix, and ABB remains confident about the continued importance of this segment, added Otto Preiss, head of ABBs Power Conversion business unit. ABBs position in solar is built on a combination of leading technologies, customer intimacy, and a unique knowledge of local grids. By transitioning the Power-One Renewable Energy business under the ABB brand, it will allow us to focus on and invest in one strong and powerful brand around the world.
The unified Power-One and ABB solar inverter product offering will be on display together for the first time at a number of the solar industrys highest profile trade events, including Solar Expo (Milan on May 7-9), Intersolar (Munich on June 4-6), PV America (Boston on June 23-25) and Intersolar North America (San Francisco on July 8-10).