SMA Solar Expands U.S. Presence with New 3.5 GW Inverter Factory by 2025
SMA Solar Technology AG is expanding its operations, planning to build a new inverter factory in the United States. The company aims to strengthen its market share in the U.S. and support its future growth. The new factory is expected to be operational in 2025, with an annual capacity of 3.5 GW.
The new factory will use production equipment originally intended for SMA's site in Thalheim, Germany. SMA is considering multiple locations and potential partners for the new factory, with the possibility of it being established in Germany. The exact location and the expected start of operation are not specified yet.
SMA plans to produce solutions for large PV projects and storage systems at its Niestetal site for global markets from 2025. The company is also expanding its capacity in Germany, targeting 40 GW production by 2025. The Inflation Reduction Act (IRA) is seen as an opportunity for SMA's growth in the U.S. market. Up to 200 new jobs will be created in the first three years of the new factory's operation.
SMA's new inverter factory in the U.S. is set to boost its presence in the American stock market. With an expected annual capacity of 3.5 GW and up to 200 new jobs, the factory is poised to contribute significantly to SMA's growth and global production targets.
