The multinational corporation has announced plans to significantly expand its manufacturing capacity in the United States, aiming to increase it by over 20 GW by the year 2025. This ambitious project comes with a substantial investment exceeding $300 million and is expected to generate more than 600 job opportunities within the country.
The unveiling of this local manufacturing initiative took place at RE+, a prominent event within the renewable energy sector in North America, held in Phoenix, AZ. Power Electronics, a leading manufacturer specializing in solar inverters for photovoltaic plants and energy storage solutions, presented detailed information about this groundbreaking venture to event attendees at booth #1723 during the period from September 11th to 14th.
The primary objective of this project is to significantly boost production capacity, with a focus on e-mobility, solar technology, and energy solutions, all of which will contribute to exceeding the 20 GW target by 2025. The manufacturing facility, sprawled across 45 acres, has been meticulously designed with state-of-the-art assembly and production technologies. It will serve as an optimal hub for manufacturing and distributing Power Electronics' products throughout the United States. This substantial undertaking also reflects the company's commitment to fostering job creation, with over 600 positions anticipated to be established as a result.
This strategic move by Power Electronics in the United States not only reinforces its position as a market leader but also supports its existing 60 GW of operational capacity. Furthermore, it plays a pivotal role in the nation's renewable energy sector, which aims to derive 80% of its energy from renewable sources by the year 2030.
David Salvo, CEO of Power Electronics, emphasized the company's dedication to its customers and the importance of supplying future projects with American technology and locally manufactured products. He underscored the significance of energy as a matter of national security, emphasizing the need to control the supply chain and the technology's origin in energy generation.
Source: Power Electronics