Balance of Systems

SMA claims lead in UL listing race for residential inverters

It’s the first residential inverter to achieve UL 1741 SA (Supplement A) listing, which has been mandated by California and Hawaii for compliance in September 2017.

SMA announces “major hiring push” in California, Northeast

The inverter giant’s expansion plans are a response to what it says are favorable market conditions. In addition, the company is introducing new products to the U.S. market, including solutions for battery storage.

Sun Action Trackers offers residential dual axis tracker

Sun Action announced that it has begun offering re-engineered models of its PST-2AL Dual Axis Solar Tracker that will sport reduced array fields of 20 to 25 modules, compared with 42 modules in the original design.

Tracker mergers on the march: Clavijo and MFV Solar to form NCLAVE

Grupo Clavijo and MFV Solar have reached a merger agreement to form NCLAVE, with the financial support of Q-Growth Fund, to become “the world leader in the design, manufacture and installation of structures and trackers for the solar photovoltaic market,” the companies say.

SolarCity drags down Tesla’s Q4 results

The EV, battery and now solar company fell into the red in Q4 concurrent with the acquisition of SolarCity, as it begins making batteries at its Gigafactory and prepares for Model 3 roll-out.

Enphase finalizes $50m refinancing package

Extension of long-term loan facility with Tennenbaum Capital Partners used to pay-down Wells Fargo line of credit and support Enphase’s expansion efforts for its home energy solution.

SMA’s yearly financials show record sales output, but a drop in revenues

Last year was a goody for German solar inverter manufacturer, by posting recording breaking sales figures alongside a rise in EBIT, however, the increase in price pressure in 2016 saw revenues fall, while this trend is expected to continue in 2017.

Enphase receives much-needed influx of cash

The struggling microinverter manufacturer, which has posted quarterly losses in every quarter since Q3 2015, received a $10 million bailout from two institutional investors.

GameChange Forges U.S. Steel Supply Agreement

New York-based GameChange Solar has inked a long-term strategic supply agreement with an un-named company which it describes as “one of the largest steel producers in the United States”.

Tesla/Panasonic begin battery cell production at Nevada Gigafactory

The factory is producing lithium-ion batteries both for Tesla’s energy storage products and electric vehicles

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