Global solar PV inverter shipment are expected to increase just 2% this year, to just over 100 GWac, GTM Research’s Scott Moskowitz tells pv magazine. He further reveals that Huawei knocked SMA off the top revenue spot in 2017, for the first time.
According to the latest GTM Research statistics, global inverter shipments increased 23% in 2017, and revenues 11%, thus representing another record year. A market first, three-phase string inverter shipments overtook those of central inverters.
Testing from TÜV Rheinland has revealed that PV inverters and battery storage systems are vulnerable to hacking. By changing system parameters, a hacker could potentially cause a battery system to corrode, “making it like a ‘bomb’.”
The German inverter maker sold 8.5 GW of solar PV inverters last year. Revenue, however, dropped by €50 million, while net profit remained flat at €30 million.
Annual International Roadmap for Photovoltaics, compiled by the German production equipment industrial association (VDMA), reveals slowdown in module price reduction for 2017 in contrast to significant market increase that saw module production capacity rise above 130 GW.
Power electronics company, SolarEdge has announced the launched of an EV charging inverter in Europe.
The company has registered as a lobbyist with K Street’s most experienced World Trade Organisation (WTO) law firm – Sidley Austin LLP.
As Energy Storage Europe approaches, pv magazine counts down the highest-ranked energy storage highlights, selected by our independent jury, that visitors to the exhibition can lay their eyes on. In third-place is SMA’s large-scale turnkey solution Medium Voltage Power Station for the global market.
A year of transition is perhaps the best way to characterize 2018’s PV Expo show in Tokyo, as Japanese module, inverter and storage firms hedge their bets while foreign innovation takes center stage.
The struggling microinverter maker narrowed its losses considerably in Q4, as it unveils new products and expands in new markets.
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