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Kassel 1,001–5,000 employees Solar · Energy storage · Hydrogen sma.de
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SMA Solar
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About SMA Solar

Company Overview

Name

SMA Solar Technology AG

Headquarters

Kassel, Germany

Founded

1981

Size

Approximately 4,300 employees (as of December 31, 2024) (source: linkedin.com). Revenue of €1,530 million in the fiscal year 2024 (source: sma.de).

What They Do

SMA specializes in the technology of photovoltaic systems and inverters that convert direct current (DC) from solar panels into alternating current (AC) for grid feeding or direct use. In addition to traditional solar inverters, the company has diversified its portfolio and now also offers battery inverters, energy management systems, electric vehicle charging solutions, and comprehensive digital energy services (source: sma.de). The product range includes string inverters for residential and small commercial applications, as well as central inverters and medium-voltage products for larger installations. SMA also provides energy storage solutions, including battery inverters for high-voltage batteries suitable for both grid-connected and off-grid applications (source: sma.de).

Projects & Track Record

SMA America has achieved significant milestones that demonstrate the company's track record in large implementations. The subsidiary has produced a total of 13.6 GW of energy through central inverters and nearly 6 GW through residential and commercial string inverters, with an additional 4.5 GW in service contracts for operation and maintenance in its portfolio (source: sma.de). In 2023, SMA achieved inverter performance of 20.5 GW, reflecting substantial growth in project execution capacity compared to 12.2 GW in 2022 (source: sma.de).

Recent Developments

SMA closed the fiscal year 2023 with a revenue of €1.904 billion and a net profit of €225.7 million, representing a significant increase compared to €55.8 million in 2022 (source: sma.de). For 2024, SMA announced a revenue forecast between €1.950 million and €2.220 million, as well as an EBITDA between €220 million and €290 million (source: sma.de). The company has also initiated a group-wide transformation and restructuring program to respond to changing market conditions (source: sma.de).

Working at SMA

SMA employs professionals in various fields, including research and development, engineering, software development, operations, sales, and customer service. The main office in Niestetal, Germany, serves as a central employment hub, while the company also maintains significant operations in its 20 international subsidiaries (source: sma.de). SMA has been recognized as an attractive employer, ranking 5th among the best workplaces in Germany in the category of "Companies with 501 to 5,000 employees" (source: sma.de).

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