SMA Solar Technology

What SMA Solar Technology does

SMA Solar Technology AG is a German solar inverter manufacturer founded in 1981 and headquartered in Niestetal, Germany, publicly traded on the Frankfurt Stock Exchange (FWB: S92) and the TecDAX index. The company designs and produces photovoltaic inverters, hybrid inverters, battery inverters, and integrated system solutions spanning residential, commercial and industrial, and utility-scale segments, with proprietary silicon carbide MOSFET technology achieving up to 99.5% conversion efficiency and grid-forming capabilities for large-scale power plants. Its product portfolio includes the Sunny Boy (residential), Sunny Tripower (commercial), Sunny Central (utility-scale) inverter families, the Sunny Central Storage UP-S battery inverter (PV Magazine Award 2025), the Medium Voltage Power Station-9200 containerized MV solution, and the Storage XL Package for commercial storage.

The company generates revenue primarily through hardware sales of inverters and integrated system solutions, complemented by professional services (SMA Solar Academy training, 360° Professional Support), subscription-based digital products (Sunny Portal monitoring, SMA Energy App, RESTful developer APIs), and emerging dynamic tariff services. SMA distributes through a hybrid GTM combining enterprise direct sales for utility-scale and BESS projects (including via subsidiary SMA Altenso), a global certified installer partner network (SMA Partnerprogramm), and a direct online shop. The company reported €1,516M in FY2025 revenue with an order backlog of €1.41B as of March 2026, and is undergoing material restructuring to address weak residential demand and falling inverter prices while pursuing strategic US manufacturing partnerships (Create Energy, CEP) and a global BESS alliance with HyperStrong.

Name

SMA Solar Technology

Legal name

SMA Solar Technology AG

Website

https://sma.de

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SMA Solar Technology AG is a German solar inverter manufacturer founded in 1981, producing PV inverters, battery inverters, and integrated system solutions for residential, commercial, and utility-scale customers across 20+ countries, generating €1.5B in FY2025 revenue.

Ownership category

akta.pro rank

Product category

Solar Inverters and Power Conversion Equipment

NAICS

Solar Electric Power Generation (221114)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB)

akta.pro secondary industries

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters) (EUAMABAE), Solar Mounting, Racking & Trackers (Fixed-Tilt, Single/Dual-Axis, Rooftop Mounts) (EUAMABAF)

Keywords

• Solar inverters
• Battery storage systems
• Hybrid inverter solutions
• Photovoltaic equipment
• Energy management software

Headquarters

HQ city

Kassel

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Inverter Hardware Sales: Sale of solar, hybrid, and battery inverters for residential, commercial, and utility-scale applications. Product categories include Sunny Boy (residential), Sunny Tripower (commercial), and Sunny Central (utility-scale)
2. System Solutions & Packages: Complete system solutions including Storage XL Package for commercial storage, Medium Voltage Power Stations, and integrated energy solutions
3. Professional Services: 360° Professional Support services for PV installers including training via SMA Solar Academy, installation services, and ongoing maintenance
4. Energy Management & Digital Products: Software solutions including Sunny Portal monitoring, SMA Energy App, developer APIs, and energy management systems

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

SMA Solar Technology AG manufactures and sells photovoltaic inverters, hybrid inverters, battery inverters, medium-voltage power stations, and integrated energy system solutions spanning residential (Sunny Boy), commercial (Sunny Tripower), and utility-scale (Sunny Central, MVPS) applications. The portfolio also includes energy storage packages, EV chargers, energy management software (Sunny Portal, Energy App), cloud APIs for developers, and professional services including installer training and grid-forming solutions for renewable energy projects.

Product overview

SMA Solar Technology AG offers a comprehensive portfolio of solar energy solutions organized across three market segments: residential (Eigenheim), commercial (Gewerbe), and utility-scale (Kraftwerke/Large Scale). The product range spans solar inverters (Sunny Boy, Sunny Tripower), battery inverters (Sunny Central Storage UP-S), and central inverters (Sunny Central UP, Sunny Central FLEX) as the core hardware layer. These are combined into integrated solution packages: the SMA Home Energy Solution for residences, the SMA Commercial Energy Solution for businesses, and SMA Large Scale Energy Solutions for utility-scale PV and BESS projects. System solutions include the Medium Voltage Power Station (MVPS) containerized solution for large-scale plants, and the Storage XL Package for commercial energy storage. Key software and digital products include the SMA Energy App, SMA Developer Portal (REST APIs), SMA Energy Maximizer, Sunny Home Manager 2.0, and dynamic tariff services (StromWallet Dynamic Pro with LichtBlick). Supporting services include SMA Solar Academy training, 360° professional support, and the SMA Partner Program. The portfolio is anchored by proprietary inverter technology including silicon carbide (SiC) MOSFET capabilities and grid-forming technology for stable grid operation.

Differentiator

Problem solved

Functional benefit

Products and services

• Sunny Boy A string inverter product line used in residential rooftop solar systems, converting DC power from solar panels to AC electricity for homes and small businesses.
• Sunny Tripower Hybrid X A hybrid inverter for commercial PV systems, scalable for almost any project size, combining solar generation, battery storage, and grid integration in a single device.
• Sunny Central Storage UP-S A battery inverter for large-scale energy storage systems, awarded the PV Magazine Award 2025 in the inverter category and part of SMA's utility-scale storage solutions.
• Sunny Central FLEX A flexible large-scale inverter platform for PV power plants, winner of the Top Innovation Award 2024 and deployed in flagship projects.
• Sunny Central UP A central inverter platform for utility-scale solar power plants, representing SMA's large-scale PV generation technology.
• Medium Voltage Power Station (MVPS-9200) An integrated utility-scale solution combining SMA inverters with medium-voltage switchgear in a compact, containerized format for BESS and PV power plants. Available in 40ft container format (MVPS-9200) for European and US markets.
• SMA Home Energy Solution A comprehensive residential energy solution combining SMA inverters, battery storage, EV charging, and intelligent energy management for homeowners to reduce energy costs and increase energy independence.
• SMA Commercial Energy Solution An integrated commercial energy solution for businesses, combining SMA inverters, energy storage, EV charging, and energy management systems for efficiency, energy security, and sustainability.
• SMA Large Scale Energy Solutions Utility-scale energy solutions for solar PV and battery storage power plants, featuring SMA's inverter technology, grid-forming capabilities, and project support services. Includes the Stability Enhanced DC-Coupled Hybrid Solution for combined solar and storage projects.
• SMA Storage XL Package A complete commercial energy storage package for C&I (commercial and industrial) solar projects, featuring scalable modular architecture with lithium iron phosphate batteries, integrated safety and cybersecurity, and a 10-year warranty.
• Stability Enhanced DC-Coupled Hybrid Solution A utility-scale platform combining solar PV, battery energy storage, and grid-forming capabilities using silicon carbide MOSFET technology, achieving conversion efficiencies of up to 99.5%. Quotations began end of July 2026, with initial commercial availability in Germany, the United Kingdom, and Australia.
• SMA Energy App A mobile application for monitoring and managing SMA solar and energy systems, providing real-time data on energy generation, consumption, and storage.
• SMA Developer Portal & Cloud APIs A developer platform providing REST APIs for integrating SMA Energy systems and connected devices into third-party applications, with cloud-based access, OAuth2 security, quarterly releases, and a free sandbox environment.
• StromWallet Dynamic Pro A dynamic electricity tariff service for SMA PV systems, offered in partnership with LichtBlick, enabling users to optimize energy costs by responding to real-time electricity price signals.
• SMA Solar Academy Training and certification programs for PV installers and professionals on SMA products and solar energy systems installation, operation, and maintenance.
• SMA eCharger (EV Charging Solutions) SMA's EV charging solutions and wallboxes for residential and commercial use, enabling solar-powered electric vehicle charging.

Quantifiable outcome

• Up to 80% energy cost savings for residential users
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• HyperStrong (Beijing HyperStrong Technology Co., Ltd.)coreStrategic or Co-development Partner · 18 May 2026Strategic partnership for global utility-scale battery energy storage system projects. Combines HyperStrong's system integration expertise with SMA's inverter technology and power station solutions. HyperStrong is ranked in top 10 global BESS integrators with 6% market share.
• CEP (Italy)coreImplementation/ SI/ Consulting Partner · 1 January 2026Partnership for US integration of Medium Voltage Power Station solutions. SMA manufactures inverters in Germany, which are then integrated at CEP's facility in Little Rock, Arkansas alongside American-made medium-voltage transformers and monitoring equipment.
• LichtBlickminorStrategic or Co-development Partner · 1 January 2026Partnership to offer StromWallet Dynamic Pro dynamic electricity tariff for SMA PV installations, optimizing energy costs through time-of-use pricing.
• Create EnergycoreOEM/ Whitelabel/ Licensing Partner · 1 September 2025Partnership to restart US inverter manufacturing at Create Energy's headquarters in Portland, Tennessee. Manufacturing string inverters and PowerSkids domestically to address US market demand and manufacturing restrictions.
• SMA Altenso GmbHcoreOthersSubsidiary specializing in off-grid and utility-scale solar plus battery solutions, with operations spanning Australia, Chile, Africa, and Europe. Established Altenso Africa Pty Ltd in Cape Town for Sub-Saharan Africa expansion.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Huawei (Digital Power / FusionSolar): Huawei is the global market leader in solar inverters and BESS solutions, directly competing with SMA in utility-scale string and central inverters, hybrid inverters, and battery storage. Headquartered in China with global reach, it represents the most significant competitive threat to SMA's market position.
• Sungrow Power Supply: Sungrow is one of the world's largest solar inverter manufacturers, offering utility-scale, commercial, and residential string and central inverters plus energy storage systems. Its vertically integrated Chinese operations compete directly with SMA in the same product categories and customer segments.
• Enphase Energy: Enphase is a leading US-based microinverter specialist for residential and small commercial solar. It directly competes with SMA's Sunny Boy residential string inverters, particularly in the US rooftop market.
• SolarEdge Technologies: SolarEdge is a major Israeli power optimizer and inverter manufacturer serving residential and commercial solar markets globally. It competes directly with SMA's residential and commercial inverter products, including the Sunny Boy and Sunny Tripower lines.
• FIMER (formerly ABB Solar): FIMER is an Italian solar inverter manufacturer serving residential, commercial, and utility-scale markets, having acquired ABB's solar inverter business in 2020. It competes head-to-head with SMA in European markets and in string and central inverter categories.
• Power Electronics: Power Electronics is a Spanish manufacturer specializing in solar inverters for utility-scale PV plants and BESS applications. It competes directly with SMA in central inverters, particularly in the European, Latin American, and Middle Eastern utility-scale markets.
• Ginlong Solis: Ginlong Solis is a Chinese string inverter manufacturer with a strong global presence in residential, commercial, and utility-scale markets. It is a direct competitor in the string inverter segment where SMA's Sunny Boy and Sunny Tripower compete.
• GoodWe: GoodWe is a Chinese solar inverter and energy storage manufacturer serving residential, commercial, and utility-scale markets. It directly competes with SMA in hybrid inverters, battery inverters, and string inverters across global markets.

Broad incumbents

• Schneider Electric (Solar Business): Schneider Electric is a diversified global electrical equipment and energy management conglomerate with a significant solar inverter business serving C&I and utility-scale markets. It competes with SMA across multiple product lines but as part of a much broader portfolio of power distribution and automation products.

Emerging players

• Sineng Electric: Sineng is a Chinese manufacturer of central and string inverters focused on utility-scale solar and BESS applications. It is an emerging competitor in the large-scale inverter segment where SMA's Sunny Central platform competes, though with smaller market share than Huawei or Sungrow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/smasolartechnology
• Facebookfacebook.com/smasolartechnology
• LinkedInlinkedin.com/company/sma-solar-technology-ag
• Instagraminstagram.com/sma.solar
• Xx.com/smasolar

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SMA Solar Technology