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CAMARILLO, Calif., March 19, 2013 (GLOBE NEWSWIRE) -- Power-One, Inc. (Nasdaq:PWER), a leading global manufacturer of renewable energy and energy-efficient power conversion and management solutions, announced today it has surpassed the one million mark for photovoltaic inverters sold worldwide.
This milestone can be attributed to the significant growth Power-One has experienced over the past several years. In 2010, Power-One took over the number two spot in global market share for solar inverters, with an installed base of 3.2 GW. Today, the Company has an installed base of more than 10 GW, representing a better than three-fold increase in just over two years.
"We are extremely proud of reaching this important milestone of one million inverters sold, and are even more pleased with our impressive global installed base of 10 GW," said Alex Levran, President, Renewable Energy Solutions at Power-One, "This truly speaks to our technology leadership, our steady stream of new and innovative product introductions, our geographic expansion strategy and our strong distribution and post-sales network. We continue to respond to the evolving needs of our customers, by delivering comprehensive solutions across all market sectors and major geographies."
As a leading technology company in the solar inverter category, Power-One has leveraged its innovation to introduce products which are highly regarded in the PV industry, based on their flexibility and performance.
Power-One has launched a steady stream of innovative products over the years, including most recently the ULTRA series of central inverters that deliver the lowest LCOE in the utility-scale segment, the TRIO family of three-phase string inverters designed for commercial rooftop applications that is redefining the way people think about commercial applications, and the Aurora MICRO, a feature-packed alternative for the residential market.
Geographically, the Company has expanded its presence in many countries around the world, including North America, India, Australia, Latin America, Japan, China, the Middle East and Africa and is ideally positioned to serve the global PV market with a full complement of products.