Power Electronics achieves record revenues exceeding 1.2 billion US dollars in 2023
Phoenix, Ariz., March 7, 2024 /PRNewswire/ -- Power Electronics, a leading manufacturer of solar inverters for photovoltaic plants in America, Europe, and Oceania, and a world storage leader, has presented its financial results for the year 2023, during which it reached a record-breaking revenue figure of 1.2 billion US dollars in revenues and 228 million US dollars in EBITDA.
- Phoenix, Ariz., March 7, 2024 /PRNewswire/ -- Power Electronics, a leading manufacturer of solar inverters for photovoltaic plants in America, Europe, and Oceania, and a world storage leader, has presented its financial results for the year 2023, during which it reached a record-breaking revenue figure of 1.2 billion US dollars in revenues and 228 million US dollars in EBITDA.
- In a strategic move to fortify its leadership position and uphold its commitment to providing innovative and high-quality solutions, Power Electronics has unveiled its strategic plan for the period 2024-2027.
- As part of this initiative, Power Electronics will finalize the construction of a new facility in Llíria, Valencia, dedicated to its Electric Mobility division.
- Our strategic plan will allow us to continue growing and consolidating ourselves as a global leader in the power electronics sector, contributing to the development of energy transition and sustainable mobility", Salvo points out.