COVID-19 & Looking Ahead to 2021 and Beyond, Insights from SMA America
Q&A with Brad Dore Director of Marketing | SMA America
Tell us about yourself and your company.
SMA is a global solar, storage and energy management technology leader and offers a diversified portfolio of solutions for residential, commercial, and utility power. The company is present in every major PV market and boasts more than 100 GW of installed capacity worldwide.
How has COVID-19 changed the way your company does business?
As a manufacturer, SMA was very fortunate. Our facilities are located in Germany and were never forced to close. Europe’s strong initial response and subsequent management of the situation allowed our production site in Germany to continue, while additional safety measures were implemented to protect employees. Downstream, office personnel were transitioned to a remote (i.e. at-home) model. Travel restrictions as well as the cancellation of most in-person industry events mea
KiloVault®, a provider of innovative and affordable residential and commercial renewable energy solutions, today unveiled the third iteration of their HAB™ series of wall-mount energy storage systems, featuring key upgrades for a cleaner more convenient set up.
This situation has had an impact on Soltec Industrial s turnover and margins, with a corresponding effect on Soltec Power Holdings figures. The company recorded revenues of 235 Mn euros, negative adjusted Ebitda of -9.4 Mn euros and negative net income of -4.9 Mn euros.
Operating capacity at record levels
In this context, it is important to highlight that there has been no significant project cancellation, only delays as a consequence of partial closures in the countries where Soltec Industrial is active. This is directly reflected in the company s operating indicators.
Soltec Industrial closed the year with a backlog of 1,891MW, valued at €190M (+33% compared to the end of 2019), and a pipeline of 24,340MW, valued at €2,665Mn (+152% compared to the previous year). Of the latter, €1,917Mn relates to projects with a probability level equal to or greater than 50%. This trend is accelerating in 2021, with backlog contracts incorporated in less than two months and MOUs sign
Apellix, protecting the world s built and industrial environments through technology, is proud to announce it is launching APELLIX NDT, a non-destructive testing field services company. Apellix NDT will operate using the Apellix Opus X4 NDT systems.