Yaskawa Electric Corporation has purchased a US company that makes parts for solar energy generators.<\/p>\n
Solectria Renewables — which is based in Lawrence, Massachusetts — will become the wholly-owned subsidiary of the \u00a0Japanese machinery maker under the deal. The terms of the acquisition were undisclosed.<\/p>\n
Solectria makes high performance photovoltaic inverters for residential, commercial and utility-scale power systems. These convert direct current output from solar panels to alternating current technology. The company’s CEO, James Worden, said the acquisition will ultimately benefit Solectria’s customers.<\/p>\n
“While this is a significant step for Solectria, I am even more thrilled about what this means for our customers,” Worden said in a company news release<\/a>. “They will have the same management team and personal interaction they are accustomed to, with the advantage of a powerful diversified global partner. Our entire team should feel incredibly proud about what we have built over the past 10 years, but the b est is yet to come.<\/p>\n For Yaskawa, the purchase allows the company to expand its product lineups. Currently, Yaskawa makes inverters for small solar projects, but Solectria’s expertise at large-scale solar ventures will allow the company to aim higher, according to Mike Knapek, president and COO of Yaskawa America.<\/p>\n “This is an effort to broaden Yaskawa’s exposure in the renewable energy market and expand the use of our technology expertise,” Knapek said.<\/p>\n","protected":false},"excerpt":{"rendered":" Yaskawa Electric Corporation has purchased a US company that makes parts for solar energy generators. Solectria Renewables — which is based in Lawrence, Massachusetts — will become the wholly-owned subsidiary of the \u00a0Japanese machinery maker under the deal. The terms of the acquisition were undisclosed. Solectria makes high performance photovoltaic inverters for residential, commercial and … Read more<\/a><\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,293],"tags":[1079],"class_list":["post-6644","post","type-post","status-publish","format-standard","hentry","category-material-handling","category-news","tag-material-handling"],"_links":{"self":[{"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/posts\/6644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/comments?post=6644"}],"version-history":[{"count":1,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/posts\/6644\/revisions"}],"predecessor-version":[{"id":12546,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/posts\/6644\/revisions\/12546"}],"wp:attachment":[{"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/media?parent=6644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/categories?post=6644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahrns.com\/blog\/wp-json\/wp\/v2\/tags?post=6644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}