Power inverter

EQS-News: SMA Group reports extraordinarily strong 2023

Retrieved on: 
Wednesday, April 10, 2024
Consolidated, Power inverter, Niestetal, SMA Solar Technology, SMA, C&I, Commercial, Annual report, Financial statement, Cryptocurrency

EBIT climbed from €31.9 million in the 2022 fiscal year to €269.5 million (EBIT margin 2023: 14.2%; 2022: 3.0%).

Key Points: 
  • EBIT climbed from €31.9 million in the 2022 fiscal year to €269.5 million (EBIT margin 2023: 14.2%; 2022: 3.0%).
  • Inverter output sold in 2023 as a whole was 20.5 GW (2022: 12.2 GW).
  • A share of 2.0% was attributable to the Americas region (2022: 8.3%) and 1.1% to the APAC region (2022: 5.0%).
  • SMA published its audited Consolidated Financial Statements and the Annual Report for 2023 today and will explain the business development during a virtual press conference at 10:00 a.m. and a conference call for analysts and investors at 1:30 p.m.

SPRING CLEANING, SPACE SAVING AND SUSTAINABILITY ARE TOP OF MIND FOR CANADIANS: LG TRENDS REPORT

Retrieved on: 
Wednesday, April 3, 2024
Cooking, Dust, Better Life, Pinterest, Innovation, Steam, Craft, Power inverter, Allergen

According to a new report from LG Electronics Canada (LG), powered by Pinterest insights, Canadians are on the hunt for innovative ways to save space, precious time and energy.

Key Points: 
  • According to a new report from LG Electronics Canada (LG), powered by Pinterest insights, Canadians are on the hunt for innovative ways to save space, precious time and energy.
  • From saving energy to saving space, Canadians are looking to be more efficient this year.
  • Whether it's freshening up a space or revamping it altogether, LG is delivering on its mission to provide Innovation for a Better Life.
  • The Spring 2024 LG Trends Report can be accessed here .

EQS-News: SMA Group concludes the 2023 fiscal year extremely successfully with strong fourth quarter in the Large Scale & Project Solutions segment

Retrieved on: 
Wednesday, March 13, 2024
Annual report, Investment, Growth, Financial statement, Niestetal, SMA, SMA Solar Technology, Commercial, Power inverter, Consolidated, Tax, Depreciation

The figures report that the SMA Group’s sales significantly rose by 78.6% year on year to €1,904.1 million (2022: €1,065.9 million).

Key Points: 
  • The figures report that the SMA Group’s sales significantly rose by 78.6% year on year to €1,904.1 million (2022: €1,065.9 million).
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) increased even sharply to €311.0 million from €70.0 million in the 2022 fiscal year.
  • Earnings before interest and taxes (EBIT) rose from €31.9 million in the 2022 fiscal year to €269.5 million (EBIT margin in 2023: 14.2%; 2022: 3.0%).
  • “In the fourth quarter of 2023, we once again significantly increased sales in the Large Scale & Project Solutions segment and even exceeded the upper end of our sales forecast,” said SMA CEO Jürgen Reinert.

Midea RAC Unveils IcyBlast Split AC at Big 5 Construct Saudi, Delivering Fast Cooling Experience

Retrieved on: 
Thursday, February 29, 2024
Atmosphere, Radar, Noise, Home, Power inverter, Air conditioning, Research, Environment, Wind, AC

RIYADH, Saudi Arabia, Feb. 29, 2024 /PRNewswire/ -- Midea, a leading global provider of air conditioning solutions, introduced its new product, the Midea IcyBlast Split AC, at the Big 5 Construct Saudi event in Riyadh, which took place from February 26-29.

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 29, 2024 /PRNewswire/ -- Midea, a leading global provider of air conditioning solutions, introduced its new product, the Midea IcyBlast Split AC, at the Big 5 Construct Saudi event in Riyadh, which took place from February 26-29.
  • Recognizing this, Midea RAC has ingeniously crafted a range of products tailored to meet the distinct needs of its customers in this region.
  • The latest addition to this innovative lineup is the IcyBlast Split AC.
  • Midea's IcyBlast Split AC, with its 180° Spinning Wind feature, breaks the limitations of traditional air supply angles.

LG HOME APPLIANCES DEMONSTRATE COMPANY'S STRONG COMMITMENT TO ELECTRIFICATION AT KBIS 2024

Retrieved on: 
Tuesday, February 27, 2024
Soil, LG ThinQ, Energy efficiency, AI, Stainless steel, Cooking, System, Heat, Human, Power inverter, Alexa, KBIS, Electronics, LG Electronics, Induction, Electric Blue (TV series), LCD, LG

LAS VEGAS, Feb. 27, 2024 /PRNewswire/ -- LG Electronics home appliances featured at the 2024 Kitchen & Bath Industry Show this week in Las Vegas demonstrate the company's commitment to electrification through energy-saving innovations. LG's 2024 sustainable home solutions are led by the groundbreaking 5.0-cubic-foot Mega Capacity Smart WashCombo™ (WM6998HBA) with LG's Inverter HeatPump™ technology that uses 60 percent less energy usage than vented dryers,1 and 30- and 36-inch ENERGY STAR® certified Smart Induction Cooktops (models CBIH3013BE & CBIS3618BE) for more energy-efficient cooking than radiant electric cooktops.

Key Points: 
  • LAS VEGAS, Feb. 27, 2024 /PRNewswire/ -- LG Electronics home appliances featured at the 2024 Kitchen & Bath Industry Show this week in Las Vegas demonstrate the company's commitment to electrification through energy-saving innovations.
  • To date, seven LG induction products have been certified to the ENERGY STAR residential electric cooking products version 1.0 specification including the industry's first-ever ENERGY STAR certified induction cooktops.
  • The uniquely engineered LG induction cooktops offer exceptional power, precision, and responsiveness for fast, efficient heating and even cooking.
  • LG SmartThinQ™ Technology provides the ability to control your home appliance remotely or use voice commands with Google or Alexa voice assistants.

THE EVOLUTION OF HOUSING: LG UNVEILS ADVANCED AND CUSTOMIZABLE HOME SOLUTIONS AT KBIS 2024

Retrieved on: 
Tuesday, February 27, 2024
Inflation, LG ThinQ, DUAL, Las Vegas Convention Center, ESS, Transition, Cooking, Life, Climate change, Power inverter, Home automation, KBIS, Electronics, LG Electronics, CES, IRA, Housing, Microsoft, LG, Essence

SEOUL, South Korea, Feb. 27, 2024 /PRNewswire/ -- LG Electronics (LG) is unveiling an evolved, fully-integrated home experience at the 2024 Kitchen & Bath Industry Show (KBIS) in Las Vegas. LG's exhibit highlights a range of advanced residential solutions for a better life at home, including an expanded lineup of premium built-ins, energy-efficient appliances and eco-friendly heat pumps that enable home electrification. Also making an appearance is the LG Smart Home AI Agent, a futuristic and friendly innovation designed for a 'Zero Labor Home.'

Key Points: 
  • Also making an appearance is the LG Smart Home AI Agent, a futuristic and friendly innovation designed for a 'Zero Labor Home.'
  • Visitors can also see sleek solutions from other Signature Kitchen Suite lineups, including the panel-ready Pro Series collection, and the brand's space-efficient compact-size packages.
  • To underscore the brand's 'True to Food' philosophy, LG is hosting cooking demonstrations in the booth's cooking experience area.
  • "The advanced home appliances and cutting-edge technologies we're presenting at KBIS 2024 are designed to meet the needs of any and all users.

Midea RAC to Participate in Big 5 Construct Saudi, Reinforcing its Commitment to Professional Innovation

Retrieved on: 
Friday, February 23, 2024
HVAC, Collection, Wonder, Professional, Research, Temperature, Rain, Noise, Exhibition, Convention center, ACS, Conference, Power inverter, Air conditioning, Corrosion, AC

It provides a range of products and is committed to rewarding the trust of the Middle Eastern market with professional innovation.

Key Points: 
  • It provides a range of products and is committed to rewarding the trust of the Middle Eastern market with professional innovation.
  • Midea RAC's exhibit at the Big 5 Construct Saudi is themed "Pro Innovation Pro Future," highlighting the company's commitment to professional innovation.
  • Midea RAC firmly believes that while innovation can change people's lives, it is professional innovation that truly enhances them.
  • Midea RAC continues to set the standard in the industry with its unwavering commitment to innovation and professionalism.

SolarEdge Announces First U.S. Installation of Newly UL1741 Certified Optimized Ground-Mount 330kW Inverter in California

Retrieved on: 
Wednesday, February 14, 2024
Utilities, Batteries, Environment, Hardware, Alternative Energy, Energy, Technology, Green Technology, Karuk Tribe, SolarEdge, PV, Multimedia, Bos, ROI, Balance, Carbon, Safety, Balance of system, Power inverter, Certification, EPC, Electricity, LCOE, Economics, PID, Solar System, Renewable energy

View the full release here: https://www.businesswire.com/news/home/20240214472916/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240214472916/en/
    The solar system is expected to offset approximately 96% of the site's annual electricity use, reducing carbon emissions by around 1,018 tons.
  • (Photo: Business Wire)
    The first commissioned DC-optimized SolarEdge 330kW Inverter system in the U.S. is a 1MW ground mount solar system that was recently installed in Northern California, on a site owned by the Karuk Tribe.
  • The solution is designed to help lower the Levelized Cost of Energy (LCOE) by yielding more energy production over the system’s lifetime.
  • "We selected SolarEdge's 330kW Inverter for the Karuk Tribe owned site as it mitigated voltage drop which, in turn, minimized power degradation and streamlined installation.

Inverter Market Worth $39.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 7, 2024
Growth, Wind, SMA Solar Technology, Information and communications technology, Electric power, Power inverter, Electric motor

Based on output voltage, the Inverter Market has been split into 100-300 V, 300-500 V, and above 500.

Key Points: 
  • Based on output voltage, the Inverter Market has been split into 100-300 V, 300-500 V, and above 500.
  • For the purpose of converting and controlling the significant power outputs of wind and solar farms, these high-voltage inverters are essential.
  • The global adoption of large-scale renewable energy programmes and high-capacity industrial operations is driving up demand for inverters that operate above 500V.
  • This report segments the Inverter Market based on output power rating into below 10 kw, 10-50 kw, 50-100 kw, and above 100 kw .

Inverter Market Worth $39.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 7, 2024
Growth, Wind, SMA Solar Technology, Information and communications technology, Electric power, Power inverter, Electric motor

Based on output voltage, the Inverter Market has been split into 100-300 V, 300-500 V, and above 500.

Key Points: 
  • Based on output voltage, the Inverter Market has been split into 100-300 V, 300-500 V, and above 500.
  • For the purpose of converting and controlling the significant power outputs of wind and solar farms, these high-voltage inverters are essential.
  • The global adoption of large-scale renewable energy programmes and high-capacity industrial operations is driving up demand for inverters that operate above 500V.
  • This report segments the Inverter Market based on output power rating into below 10 kw, 10-50 kw, 50-100 kw, and above 100 kw .