Onsemi secures $1.95B in PV inverter supply deals
Secures long-term supply agreements with eight of top ten manufacturers of solar inverters
Onsemi has secured $1.95B in long-term supply agreements (LTSAs) for its intelligent power technologies with with eight of the top ten solar manufacturers of solar inverters.
“Solar power has emerged as one of the fastest growing markets and offers the most cost-competitive source for large-scale renewable energy installations,” said Asif Jakwani senior vice president and general manager, Advanced Power Division, Power Solutions Group, Onsemi. “With Onsemi’s intelligent power technologies, customers can achieve greater efficiency and power density to capture and save as much energy from the sun as possible to advance our common mission towards a more sustainable future.”
Solar inverters convert DC electricity generated by solar panels to grid-compatible Alternating Current (AC). In the conversion process, some energy is lost as heat. Onsemi says its technology enables solar inverters – ranging from utility to residential – applications to be smaller, lighter, and more efficient, which minimises energy loss and can reduce the overall system cost.
