POWER ELECTRONICS


Associated tags: Electronics, Environment, Plant, CO2, AC, Power electronics, Renewable energy, EV, Salvo

Locations: SPAIN, EUROPE, OCEANIA, UNITED STATES OF AMERICA, US

Power Electronics achieves record revenues exceeding 1.2 billion US dollars in 2023

Retrieved on: 
Thursday, March 7, 2024

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.

Key Points: 
  • 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.

Power Electronics unveils their latest e-mobility solutions at CES 2023

Retrieved on: 
Tuesday, December 27, 2022

Under the theme 'Unlimited Energy', Power Electronics announces its presence at CES 2023, the world's largest technology trade show.

Key Points: 
  • Under the theme 'Unlimited Energy', Power Electronics announces its presence at CES 2023, the world's largest technology trade show.
  • CES visitors will also be able to see new developments in the domestic range, including luxury and racing vehicles such as Hispano Suiza and RallyCross, which will be displayed at Power Electronics' booth 10415 in the North Hall.
  • We're not just talking about product innovation, we're talking about our commitment to the energy transition," said Ron Puryear, Vice President, and General Manager of Power Electronics USA.
  • Power Electronics is the world's leading manufacturer of solar inverters for photovoltaic plants and the world storage leader.

Power Electronics reinforces its electromobility division in the U.S. market

Retrieved on: 
Thursday, December 15, 2022

GILBERT, Ariz., Dec. 15, 2022 /PRNewswire/ -- Power Electronics has not only become a leader in the solar energy market with the installation of 40GW of AC Power in the US, and 70GW of AC Power worldwide, but is also a leading manufacturer of electric vehicle chargers, with a firm goal of electrifying roads across the United States.

Key Points: 
  • The Arizona-based company participated in the CharIN Testival in Portland, where top e-mobility companies tested their EVs and trucks with Power Electronics' chargers.
  • Power Electronics' EV chargers are helping to significantly reduce carbon dioxide emissions.
  • On average, each EV charged with Power Electronics' products avoids emitting 3.4 tons of CO2 per year, compared to a fossil fuel vehicle.
  • David Salvo, CEO of Power Electronics, highlighted how the company is growing in the US with the mobility range.

Power Electronics introduces revolutionary product features at SPI

Retrieved on: 
Thursday, September 8, 2022

VALENCIA, Spain, Sept. 8, 2022 /PRNewswire/ --Power Electronics is once again participating in Solar Power International (SPI), which will be held September 19-22 at the Anaheim Convention Center.

Key Points: 
  • VALENCIA, Spain, Sept. 8, 2022 /PRNewswire/ --Power Electronics is once again participating in Solar Power International (SPI), which will be held September 19-22 at the Anaheim Convention Center.
  • concluded David Salvo, CEO of Power Electronics.
  • About Power Electronics.
  • Power Electronics is the world's leading manufacturer of solar inverters for photovoltaic plants in Europe, Oceania and America and the world storage leader.

Nuvve and Power Electronics Reach an Agreement to Expand High-Powered V2G Charging Line-Up in North America and Europe

Retrieved on: 
Tuesday, May 10, 2022

SAN DIEGO and VALENCIA, Spain, May 10, 2022 /PRNewswire/ -- Nuvve Holding Corp. (Nasdaq: NVVE), a global cleantech company electrifying the planet at the intersection of energy and transportation through its intelligent energy platform, and Power Electronics, first manufacturer of solar inverters for utility-scale photovoltaic plants in America, Oceania and Europe, today announced an agreement to integrate Nuvve's vehicle-to-grid (V2G) GIVe™ platform with Power Electronics charging station technology to help intelligently electrify vehicles and help achieve global decarbonization goals. Through the partnership, Power Electronics will add Nuvve V2G-certified capabilities to their existing bidirectional chargers.

Key Points: 
  • Power Electronics is the world energy storage leader and the first manufacturer of solar inverters for utility-scale photovoltaic plants in America, Oceania, Asia and Europe.
  • The information in this press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
  • All statements, other than statements of present or historical fact included in this press release, regarding Nuvve and Nuvve's strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements.
  • Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve.

Power Electronics presents its latest developments in electric mobility at ACT Expo

Retrieved on: 
Monday, May 9, 2022

VALENCIA, Spain, May 9, 2022 /PRNewswire/ -- Power Electronics participates in ACT Expo 2022, where the clean transport sector meets, and which takes place in Long Beach, California, from May 9 to 11.

Key Points: 
  • VALENCIA, Spain, May 9, 2022 /PRNewswire/ -- Power Electronics participates in ACT Expo 2022, where the clean transport sector meets, and which takes place in Long Beach, California, from May 9 to 11.
  • In this event you can find us at Booth 1061 where we will show the latest Power Electronics solutions for the mobility sector.
  • Power Electronics will present the latest developments in the main products of the Mobility Sector:
    NBSK 1440 kV the future of electric mobility.
  • A station for all types of electric vehicles, from the lightest to the heaviest and capable of recharging at different power levels simultaneously, from 60 to 720 kW.

California increases planned energy storage deployment

Retrieved on: 
Tuesday, February 15, 2022

VALENCIA, Spain, Feb. 15, 2022 /PRNewswire/ -- California is undoubtedly one of the states where energy storage is breaking records. One of the multinationals that will participate in 9 of the new projects to be promoted in this territory is Power Electronics. The company will supply technology with a storage capacity of 6.4 GWh and will include both battery inverters and solar storage for a total amount of 1.6GW, the two main business lines of the multinational.

Key Points: 
  • VALENCIA, Spain, Feb. 15, 2022 /PRNewswire/ -- California is undoubtedly one of the states where energy storage is breaking records.
  • The company will supply technology with a storage capacity of 6.4 GWh and will include both battery inverters and solar storage for a total amount of 1.6GW, the two main business lines of the multinational.
  • These actions are part of the SB100 policy through which it is intended that California will have 100% clean energy by 2045.
  • Power Electronics is the world's leading manufacturer of power conversion systems for energy storage and a leading manufacturer of solar inverters for photovoltaic plants in Europe, Oceania and America.

Power Electronics leads the energy storage market with a presence in more than 150 worldwide megaprojects

Retrieved on: 
Thursday, August 26, 2021

PHOENIX, Aug. 26, 2021 /PRNewswire/ --The multinational Power Electronics continues to lead the global market for energy storage systems and is involved in more than 150 of the world's largest solar energy battery storage projects, creating 7 GW of storage.

Key Points: 
  • PHOENIX, Aug. 26, 2021 /PRNewswire/ --The multinational Power Electronics continues to lead the global market for energy storage systems and is involved in more than 150 of the world's largest solar energy battery storage projects, creating 7 GW of storage.
  • In 2019, the United States consumed more renewable energy than coal for the first time since 1885.
  • Aside from energy storage systems, Power Electronics focuses its business on electric mobility.
  • Power Electronics is the world's number one manufacturer of energy conversion systems for energy storage and the leading manufacturer of solar inverters for photovoltaic plants in the United States, Latin America, Australia, the United Kingdom and Spain.