Oregon, United States [RenewableEnergyWorld.com] The diversified inverter and power control technology company Advanced Energy has announced that it will acquire inverter manufacturer PV Powered. The acquisition will create a broad grid-tied inverter offering in the rapidly-growing solar photovoltaic market, spanning residential, commercial, and utility-scale solutions.
PV Powered’s commercial product portfolio ranges in size from 30 kW to 1MW including the flagship 260kW product. Its portfolio will complement AE’s transformer-less inverters including its 250 kW, 333 kW and 500 kW products.
“The combination of Advanced Energy and PV Powered will bring together two complimentary technology platforms and provide customers with the broadest range of solutions for residential to utility-scale solar installations,” said Hans Betz, chief executive officer of Advanced Energy.
After the acquisition is finalized, PV Powered will operate under the current management team as a wholly-owned subsidiary of Advanced Energy continuing to sell and support its full line of products from its Bend, Oregon facility.