Sustainable Energy Technologies Ltd. is partnering with a German electronics firm SRI to supply power electronics circuits for solar inverters manufactured in Guelph, Ont.
TORONTO: Sustainable Energy Technologies Ltd. is partnering with German electronics firm SRI to supply power electronics circuits for its solar inverters manufactured in Guelph, Ont.
The Calgary-based solar technology innovator said the agreement with SRI’s Canadian arm involves building 10,000 (50 megawatts) of its SUNERGY II solar inverters over the next 12 months manufactured in Guelph, Ont., and handling the finished product supply chain.
“Significantly, our restructured supply chain enables us to ramp production to 10,000 units per year with investment in production tooling and component inventory totalling less than $1 million over the next two to three months,” says Michael Carten, CEO of Sustainable Energy.
Working closely with SRI and other component suppliers, the company says it has reduced landed costs for the SUNERGY II inverter by 32% from last year, and has identified changes that will cut a further 13% by year-end.
The company identified growing demand for its inverters through Ontario’s micro-FIT (less than 10 kW) market, based on the ability of project owners to increase energy harvests by as much as 25% to 30%. A network of regional distributors and system integrators are also specifying the SUNERGY II inverter for a range of micro-FIT and commercial and institutional rooftop projects in the province. And the company noted repeat orders coming from a US distributor continue to build the US order book.
The SUNERGY inverter creates as parallel solar PV system architecture in higher power ratings at a comparable cost to conventional inverters. Benefits include 5% to 25% higher total system power output.