Leading power and automation technology group, ABB announced that its acquisition, Power-One Renewable Energy Business will transition to the ABB brand in May 2014.
As a result, the ABB brand will represent the most comprehensive solar value proposition on the market today with one of the industry’s broadest inverter product portfolios.
ABB acquired Power-One, the world’s second largest manufacturer of photovoltaic inverters in July 2013. The current Power-One Renewable Energy product offering, including all its product names, such as UNO, TRIO and ULTRA, will remain intact under the ABB brand, and all of its product certifications in all countries will remain valid.
In addition to maintaining its current solar offering, ABB will continue developing state-of-the art inverter, monitoring and integrated energy storage solutions to fulfil the growing global demand for solar solutions.
According to Pekka Tiitinen, head of ABB’s Discrete Automation and Motion division, by transitioning Power-One’s Renewable Energy business to the ABB brand, the organisation will have one of the most comprehensive solar inverter offerings under one brand, meeting customers’ needs across all key segments covering utility, commercial and residential.
Otto Preiss, head of ABB’s Power Conversion business unit commented that ABB’s position in solar is built on a combination of leading technologies, customer intimacy, and a unique knowledge of local grids. By transitioning the Power-One Renewable Energy business under the ABB brand, it will allow the organisation to focus on and invest in one strong and powerful brand around the world.
The unified Power-One and ABB solar inverters offering will be on display together for the first time at several of the solar industry’s high profile trade events, including Solar Expo (Milan on May 7-9), Intersolar (Munich on June 4-6), PV America (Boston on June 23-25) and Intersolar North America (San Francisco on July 8-10).