SMA Solar Technology, a leading player in the solar energy industry, has set its sights on expanding its manufacturing operations into the United States, with a projected production start in 2025. This strategic move marks a significant milestone for the company, as it seeks to bolster its market share in the U.S. and capitalize on the rising demand for sustainable solar solutions and energy efficiency.

In line with this expansion plan, SMA is currently engaged in discussions with potential partners to evaluate the most strategic manufacturing location and approach. The company is aiming for a production capacity of 3.5 GW per year at the new site, with the potential for further expansion in the future.

The decision to expand manufacturing into the U.S. has been welcomed by Jeppe Johansen, managing director of SMA America, who expressed appreciation for the Biden Administration and key government agencies for their support in stimulating clean energy manufacturing in the country. Johansen noted, “The potential for our market is vast, and local manufacturing is one strategic piece of our growth trajectory.”

This expansion into the U.S. coincides with SMA’s ongoing construction of a gigawatt (GW) factory, which will enable the company to double its production capacity in Germany to 40 GW per year. The selection of the U.S. manufacturing site is expected to take place in the first half of next year.

SMA’s move to expand its manufacturing operations into the U.S. not only signifies a significant milestone for the company but also underlines its commitment to meeting the evolving needs of the clean energy market. As the solar industry continues to gain momentum, SMA is poised to play a pivotal role in catering to the growing demand for sustainable and domestically sourced solar solutions.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.