LOADING

Type to search

Siemens to Make Solar Energy Equipment for US Market in 2024

Siemens to Make Solar Energy Equipment for US Market in 2024

German conglomerate Siemens (SIEGn.DE) said it will start producing solar energy equipment in the United States in 2024 through a contract manufacturer in Wisconsin.

The announcement marks a move by one of the world’s largest manufacturers to capitalize on incentives in President Joe Biden’s year-old landmark climate change law to boost American-made supplies of solar energy components and compete with China.

Siemens will produce solar string inverters, devices that convert energy generated from solar panels into usable current, for the U.S. utility-scale market, it said in a statement. The products will be made at a facility in Kenosha, Wisconsin, operated by Sanmina (SANM.O).

“Working with Sanmina to establish this new production line, Siemens is well positioned to address supply challenges our country is facing as we work to localize production for green and renewable infrastructure,” Brian Dula, vice president of electrification and automation at Siemens Smart Infrastructure USA, said in the statement.

The work for Siemens will create up to a dozen jobs at the factory to start, the company said. Production will scale up to a capacity of 800 megawatts of inverters per year.

Related Article: Siemens Joins Curiosity Lab Ecosystem To Bring Future of 5G Electrification to America

The Inflation Reduction Act has unleashed $100 billion in investment in the domestic solar sector in the last year, including $20 billion for solar and storage manufacturing, the top U.S. solar trade group said this week.

More than 50 solar manufacturing facilities have been announced or expanded since the IRA passed, according to the Solar Energy Industries Association study. That includes about 7 gigawatts of inverter capacity.

IRA tax credits incentivize both producers and buyers of domestically made clean-energy equipment. For example, solar projects that use American-made equipment, including inverters and other components, can qualify for a bonus tax credit worth 10% of the project’s cost.

Topics

Related Articles

LOADING

Type to search

Blog

GameChange Solar Brings Utility-Scale Tracker Technology to New Zealand
Monsoon Wind Powers Up 600 MW, First Cross-Border Wind Farm in Asia
Hong Kong Positions Itself as Global Hub as 90% of Family Offices Integrate ESG
Enfinity Global Secures $341M to Build 276 MW of Solar Projects in Italy
thyssenkrupp Nucera Acquires Green Hydrogen Systems Assets
Neuberger Berman Joins Blackstone in Backing Sustainability Software Provider Sphera
Ghana, Singapore Forge Sustainable Development and Carbon Market Partnership
Diginex, SGS Strengthen Alliance to Scale Sustainable Finance Solutions
Iberdrola España Starts Commissioning of €200M Ciudad Rodrigo Solar Plant
Protecting Nature Could Unlock Growth and Jobs, Says World Bank Report
image of the Triibe team on stage during event
Trump Administration Cuts $679 Million in Offshore Wind Funding
Thailand’s Tourism Authority Drives ESG Tourism to Boost Community Income, Global Recognition
PepsiCo Reports 2024 Progress on pep+ Sustainability and Nutrition Goals
RBI to Integrate Climate Resilience into India’s Financial System
BlackRock, LGIM Face $34 Billion Loss in Dutch Pension Shift
Denmark to Launch EU-Standard Green Bonds, Raising the Bar for Sovereign Issuance
RMI Welcomes 18 Climate Tech Innovators to Drive Global Decarbonization
Rolls-Royce, Microsoft Back HVO as Low-Carbon Fuel for Singapore Data Centres
Temasek’s GenZero Commits to Climate Impact Milestone by 2028
","session_id":"ep-sess-1760498020-2IlANlgP","page_url":"https:\/\/esgnews.com\/siemens-to-make-solar-energy-equipment-for-us-market-in-2024\/","post_id":"22076","tracking_enabled":"1","original_referrer":"","has_embedded_content":""}; /* ]]> */