SMA Solar Technology Renews Investment in U.S.

03/16/17

SMA Solar Technology Renews Investment in U.S.

Category: News USA  

Sales Group Names New Leaders, will Bring on New Talent and Debut Several Innovations in 2017

In an exciting step forward, SMA Solar Technology today announced that it will renew its investment in the U.S. with the addition of two new executives, and plans to add many new employees with a major hiring push. This action is being taken in response to favorable market conditions, and supports the company’s focus on supplying new inverter solutions across all major business areas in 2017.

“This is an important step at an imperative time in the U.S. solar market,” said Pierre-Pascal Urbon, Chief Executive Officer of SMA Solar Technology AG. “Reinvesting in and strengthening the U.S. Sales Group will ensure that we operate strategically, effectively and in the best interest of our partners. As the North American energy industry continues to evolve, it is essential that our organization is best equipped to serve this growing market.”

Over the course of 2017, SMA will deliver a number of new innovative solutions. The Power+ Solution began shipping last month, and is redefining the module-level residential market by optimizing ROI, not just module performance. The Sunny Boy Storage battery-based inverter solution will debut later in the year, as the company refreshes its residential storage offering while also introducing new energy management functions.

Similarly, in response to the growing demand of the commercial rooftop market, SMA will soon begin shipping the Sunny Tripower CORE1, which features a high degree of system integration and can reduce installation time by up to 60 percent.

The company will roll out new, larger power classes within the 1,500 V Sunny Central family to provide a reduced total cost of ownership for utility customers, and a power conversion system will address the burgeoning need for grid-scale storage. New multi-vendor and battery-based O&M services will also be brought to market to round out the company’s utility offering.

“The U.S. has become an extremely attractive market. System price declines have made solar a fantastic investment,” said Urbon. “Homeowners, commercial entities and utility power providers have all recognized the financial and social value of solar power. They have also reached a tipping point in recognizing the critical importance of the inverter, which is driving a flight to quality in their purchasing decisions.”

To guide this strategic vision, Charles Ellis has been named Vice President of Distributed Sales while Andrew Mears will assume the role of Vice President of Strategic Sales.

Ellis, previously SMA’s Director of Channel Sales, has been with the company for more than a year. He has 20 years of experience in international sales and for the past year has been responsible for developing channel strategy in the U.S., Mexico and Canada.

Mears, who previously held a sales role with SMA America from 2009 to 2013, will return to the company in a new role with more than 25 years of global sales, business development and account management experience.

Both Ellis and Mears will provide continuity of leadership and will be empowered to improve the company’s response time to changes in the local market, allowing SMA to support its partners more effectively.

The next step will be launching a massive hiring effort for the U.S. subsidiary, with several roles being created to support the sales group. Key regions such as California and the Northeast will see significant expansion as SMA will immediately move to fill key positions.


About SMA
The SMA Group with anticipated sales of about €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants, and offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 20 countries. The Group employs more than 3,000 people worldwide. SMA has an extensive range of products, which offers the right inverters for all module types and plant sizes; for small residential systems as well as large-scale plants, grid-connected photovoltaic systems as well as off-grid and hybrid systems. Moreover, SMA offers system technology for various battery technologies and system sizes and collaborates with renowned battery manufacturers and companies from the automotive industry. The SMA technology is protected by about 700 patents and utility models worldwide. The range of services is supplemented by comprehensive services and operational management of large-scale PV power plants. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index. www.SMA-America.com


Media Contacts:
Jessica Dumont • Jessica.Dumont@SMA-America.com
Brad Dore • Brad.Dore@SMA-America.com
SMA America • 916 625 0870


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

SMA America, LLC
6020 West Oaks Blvd
Rocklin, CA 95765 U.S.A.

Tel. +1 916 625 0870
Fax +1 916 625 0871
Toll Free 1-888-4SMAUSA

Press@SMA-America.com

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