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SMA awarded contract for large-scale 4-hour battery storage project in Chile
One of the largest battery storage projects in South America is being built in the Chilean Atacama desert. It complements the existing 220 MW PV power plant Diego de Almagro Sur operated by the electric utility company Colbún S.A. Since 2022, the plant has been supplying the region with solar power using SMA technology. This is now followed by a 228 MW battery storage system with a capacity of 918 MWh and a four-hour charging and discharging time. At the core of the project are 67 SMA battery systems with powerful SMA battery inverters combined with batteries by eStorage, a subsidiary of Canadian Solar Inc. SMA is also providing a plant control…
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SMA Annual General Meeting grants discharge to the Managing Board and Supervisory Board Change to the Supervisory Board
As a leading global specialist in photovoltaic and storage system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA’s portfolio contains a wide range of efficient PV and battery inverters, holistic system solutions for PV and battery-storage systems of all power classes, intelligent energy management systems and charging solutions for electric vehicles and power-to-gas applications. Digital energy services as well as further comprehensive services round off SMA’s range. SMA solar inverters installed worldwide in the last 20 years, with a total output of around 144 GW, help avoid over 64 million tonnes of CO2 emissions annually. SMA’s multi-award-winning technology is…
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SMA plans local final assembly of system solutions for large-scale solar and storage projects in the US
SMA Solar Technology AG (SMA) announced that it will begin local final assembly of its Medium Voltage Power Station (MVPS) in the United States. This compact system combines a central or battery inverter with a transformer and medium-voltage switchgear and is used in large-scale solar and storage projects. By integrating the system domestically, SMA is strengthening the local supply chain, reducing project lead times, and supporting the strategic goals of the energy transition in North America. “This is a critical step forward for SMA America and for our customers,” said Jay Arghestani, managing director of large-scale sales, technology and marketing for SMA America. “Domestic integration helps shorten project timelines, reduce…
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SMA Group kicks off 2025 fiscal year in line with expectations
As expected, sales of €327.7million below the previous year (Q12024: €361.8million) EBITDA of €24.6million[1] (Q12024: €49.9million[2]) Order backlog as of March 31, 2025, at €1.3billion (March 31,2024: €1.5billion) Due to the deterioration of the macroeconomic environment and increased uncertainties caused by volatile tariff policies, the Managing Board expects sales and EBITDA to be in the lower third of the guidance range of €1,500million to €1,650million and €70million to €110million SMA Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92) completed the first quarter of 2025 in line with expectations. Group sales reached €327.7 million compared with €361.8 million in the first quarter of 2024. As expected, sales in the Home Solutions and Commercial & Industrial Solutions…
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Change in SMA’s Managing Board
Barbara Gregor, Board Member for Finance and Legal at SMA Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92), has agreed with the Supervisory Board at her own request and by mutual agreement to end her position as a member of the Managing Board of SMA Solar Technology AG prematurely as of April 30, 2025, to take on new professional challenges. The Supervisory Board has appointed Dr. Kaveh Rouhi, currently Senior Vice President Finance & Controlling at SMA, as her successor with effect from May 1, 2025. Barbara Gregor has been Board Member for Finance and Legal since December 2022. She was responsible for Accounting & Taxes, Finance & Real Estate Management (CREM),…
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SMA Solar Technology AG: Member of the Managing Board and CFO Barbara Gregor will terminate her contract prematurely
Barbara Gregor, Board Member for Finance and Legal of SMA Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92), has agreed with the Supervisory Board, at her own request and by mutual consent, to prematurely terminate her position as a member of the Managing Board of SMA Solar Technology AG as of April 30, 2025, to take on new professional challenges. The Supervisory Board has appointed Dr. Kaveh Rouhi as her successor with effect from May 1, 2025. Firmenkontakt und Herausgeber der Meldung: SMA Solar Technology AG Sonnenallee 1 34266 Niestetal Telefon: +49 (561) 9522-0 Telefax: +49 (561) 9522-100 http://www.sma.de/ Ansprechpartner: Viona Brandt Investor Relations Telefon: +49 (175) 9393-320 E-Mail: viona.brandt@sma.de Weiterführende Links…
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Cutting costs, protecting resources: at Intersolar Europe 2025, SMA demonstrates how renewable energies can be used more intelligently
The leading global specialist for photovoltaic system technology will present innovative solutions for the efficient use of renewable energies to cut costs and conserve resources. Visitors will learn how the Home Storage Solution for homes with Sunny Boy Smart Energy, the modular battery and hybrid inverter, enables a reliable supply of solar power while optimizing self-consumption. They can also find out more about the dynamic electricity tariff StromWallet Dynamic Pro in cooperation with LichtBlick. SMA experts will be on site to introduce the latest energy management functions to companies and businesses. These new features help to avoid load peaks and lower operating costs. The experts from SMA will also present…
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SMA Group: Business development in 2024 influenced by challenging market environment and one-time items from restructuring and transformation program
Group sales at €1,530.0 million significantly below the previous year (2023: €1,904.1 million) EBITDA decreases from €311.0million to −€16.0million Earnings significantly impacted by one-time inventory devaluations and restructuring expenses Guidance for 2025: sales of €1,500million to €1,650million; EBITDA between €70million and €110million SMA Solar Technology AG (SMA/ISIN: DE000A0DJ6J9/FWB: S92) confirms preliminary figures for 2024 as a whole and guidance for 2025 published on March 5, 2025. In the 2024 fiscal year, consolidated sales decreased by 19.7% to €1,530.0 million (2023: €1,904.1 million). The gross margin was down significantly year on year at 16.5% (2023: 29.4%), driven in particular by lower profitability in the segments Home Solutions and Commercial & Industrial Solutions,[1] as well as…
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SMA Altenso and RheinEnergie codeveloping battery storage system projects
The market for battery storage systems is growing at pace, with experts predicting Germany’s installed storage capacity to reach as much as 8.6 gigawatt hours (GWh) by 2026. RheinEnergie and SMA Altenso are joining forces with the aim of gaining a foothold in this segment and rapidly expanding storage infrastructure. By entering into a strategic partnership, the Cologne-based power supply and service company and the international system integrators from Kassel/Niestetal are looking to realize projects with a total output of several hundred megawatts (MW). The partners’ first joint project is a large-scale battery energy storage system (BESS) with a usable capacity of 64 MWh and output of 24.5 MW that is…
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Shaping the Future: SMA enhances storage solutions portfolio with powerful battery inverter Sunny Central Storage UP-S
Staying competitive as an operator of large-scale storage systems in the rapidly evolving energy market: SMA Solar Technology AG (SMA) expands its large-scale storage solutions portfolio with the new Sunny Central Storage UP-S battery inverter. Featuring silicon carbide (SiC) MOSFET* technology, it offers superior power conversion efficiency and grid-forming capabilities for large-scale energy storage projects. Following a successful launch in Australia, this innovative SMA solution is now available across Europe and the US. “Our storage solutions enhance system performance and support grid stabilization, playing a key role in building a more resilient and sustainable energy future,” said Joshua Birmingham, Head of Sales & Markets – Large Scale at SMA. “Since…
