SMA Solar Technology AG has announced plans to expand manufacturing into the U.S. The company, which specializes in photovoltaic and storage system technology, hopes to begin production at the new plant in 2025. A location for the site has not been selected yet, but the company is in talks with several states and partners and hopes to have a decision in the first half of 2024. The new facility will have a capacity of 3.5 gigawatts per year and is expected to create 200 new jobs for the surrounding area.
In a recent quote, SMA CEO Jürgen Reinert said, "The US is a key market, and the Inflation Reduction Act (IRA) provides an extraordinary opportunity for long-term growth. With this step we will significantly strengthen our market share in the US and set the course for SMA's future growth. The global demand for climate-friendly solar solutions and the urgent need for more energy efficiency continues to increase. This is reflected in our order books, and with our broad portfolio of solutions we are ideally positioned to benefit from this decision.”
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.