Solutronic AG
Solutronic: Big order for IKEA furniture stores
Solutronic AG / Key word(s): Miscellaneous Press release Solutronic: Big order for IKEA furniture stores – Solutronic to fit solar installations with inverters at GS-Solar projects for IKEA furniture stores in UK and Italy – Nine installations already in operation or close to completion, a further nine installations being planned – European rollout planned in medium term Köngen, 25. August 2011 – Solutronic AG is to fit solar installations with inverters in ten IKEA furniture stores in the UK. In partnership with GS-Solar, the first two solar installations were put into place at IKEA furniture stores in Milton Keynes and Edmonton. The installations in Southampton and Warrington are nearly finished. The fitting out of six further locations is in the pipeline and will be completed by March 2012. This amounts to a total volume of 0.8 MW. ‘As a partner of GS-Solar, we are working towards having 5% of the energy requirement of a furniture store being met by solar energy in the future,’ said Uwe Scobel-Freimüller, Solutronic’s board member for sales, marketing and administration. ‘This is another important step for our company in order to systematically expand our market share.’ As part of the company’s ‘IKEA goes Renewable’ programme, IKEA has a long-term aim to power its distribution centres in addition to all furniture stores with renewable energy from 2012. To that end, IKEA is cooperating with GS-Solar, who provide the thin layer solar GS-55 modules and is responsible for the installation and maintenance of the systems. As a partner of GS-Solar, Solutronic provides the SOLPLUS 120 inverters. Alongside the UK, Solutronic inverters are already being used successfully in solar installations in IKEA furniture stores in Italy. Three sites with a volume of 0.7 MW are being prepared in Switzerland. Focus will then switch to Spain and Portugal.
About Solutronic AG Solutronic AG, founded back in 2004, develops and markets transformerless, grid-connected inverters for photovoltaic installations. PV inverters convert the direct current generated by solar modules to alternating current so that it can be fed into the power supply system. In FY 2010, Solutronic generated sales of EUR20.1m and posted an EBIT amounting to EUR4.7m. Solutronic has made a conscious decision not to manufacture the products it develops itself, but to exploit the expertise of electronic manufacturing servicers headquartered in Germany. Based in the small town of Köngen near Stuttgart, Germany, it sees itself as a leading supplier of top-quality, cutting-edge, grid-connected inverters for photovoltaic installations. Its inverters, which cover nominal AC power ratings from 2.5 to 30 kW, are software-controlled and therefore facilitate innovative monitoring and communications functions. Furthermore, they feature high efficiency levels of up to 98% and extremely low failure rates. Thanks to its development expertise, innovative business model and sophisticated quality management regime, Solutronic is in an excellent position to systematically expand its share of the global inverter market.
End of Corporate News 25.08.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Solutronic AG | |
Küferstrasse 18 | ||
73257 Köngen | ||
Germany | ||
Phone: | 07024 96128-0 | |
Fax: | 07024 96128-50 | |
E-mail: | info@solutronic.de | |
Internet: | www.solutronic.de | |
ISIN: | DE000A1E8NE7 | |
WKN: | A1E8NE | |
Listed: | Freiverkehr in Berlin, Düsseldorf, München; Entry Standard in Frankfurt | |
End of News | DGAP News-Service |
136875 25.08.2011 |