Spanish solar inverter manufacturing company, Power Electronics, announced that it has been ranked as the leading company in shipments of solar inverters for utility-scale photovoltaic plants in North America and Latin America, according to the Global solar PV tracker market shares and shipment trends 2019 report published by Wood Mackenzie Power & Renewables in March.
Texas-based engineering company Sol-Ark, dedicated to designing and building efficient battery based hybrid inverters, announced in June the introduction of the new Sol-Ark 8K multi-mode inverter, the first of its kind capable of resisting a Nuclear Electromagnetic Pulse or Solar Flare Event.
Even though photovoltaic (PV) inverter shipments to China increased in 2014, significant price declines have caused revenue to drop. Despite PV inverter shipments to the Chinese market increasing nearly 18 percent last year to reach 13.3 gigawatts (GW) of alternate current (AC), revenues dropped 6 percent, according to IHS Inc., the leading global source of critical information and insight.
ABB India became the first company to reach sales of a cumulative capacity of 1GW solar inverters.