Summit Ridge Energy and Siemens Announce Agreement for Domestic Content Inverters
September 04 2024 - 8:50AM
In a significant milestone for the community solar industry, Summit
Ridge Energy, the nation's leading commercial solar company, and
Siemens, have announced an agreement for the company's first order
of domestic content inverters. Siemens, a longstanding partner of
Summit Ridge, plans to domestically manufacture 1000 inverters,
with scheduled deliveries to Summit Ridge projects across Illinois
and Virginia starting in Q1 of 2025.
This order, totaling
approximately 125 megawatts, marks a significant milestone for
Summit Ridge, as it now secures all key solar panel
components—including modules, racking, and inverters—domestically.
The company's commitment to exceeding the percentage of domestic
content in its projects demonstrates its dedication to supporting
local manufacturing and the growth of the renewable energy sector
in the United States.
"We are excited to
partner with Siemens on this agreement, which is enabling our team
to exceed the domestic content requirements outlined in the IRA,"
said Mike Dillon, Senior Vice President of Operations at Summit
Ridge Energy. "By sourcing domestically manufactured inverters, we
are not only supporting American jobs but also ensuring the
reliability and quality of our solar projects. This is a win-win
for our company and the communities we serve."
With a reputation for
excellence in technology and infrastructure solutions, Siemens'
expertise in manufacturing high-quality inverters will contribute
to the success of Summit Ridge's solar projects, which aim to
deliver clean and affordable energy to local communities.
“Siemens is proud to
support Summit Ridge as it sources stateside, not only leveraging
the Inflation Reduction Act, but also bolstering a strong domestic
supply chain for solar equipment,” said David Pisano, U.S. Segment
Head of Utility Systems and Solutions at Siemens Smart
Infrastructure USA. “Siemens is pleased to expand our smart
infrastructure manufacturing footprint in the U.S., building
utility-scale string inverters at our new Wisconsin factory. We
applaud Summit Ridge for its commitment to growing domestic solar
equipment as part of prudent energy security policy for the United
States.”
Summit Ridge’s
partnership with Siemens represents a significant step forward for
the community solar industry, showcasing the potential for domestic
manufacturing and job creation. Both companies' commitment to a
pipeline of domestically manufactured inverters reflects their
ongoing dedication to expanding access to clean energy and
contributing to a more sustainable energy future. With the
utilization of domestically manufactured inverters, Summit Ridge is
poised to continue its mission of expanding access to clean energy
and driving progress toward a more sustainable energy
future.
About Summit Ridge
Energy
As the nation’s leading
commercial solar company, Summit Ridge Energy merges financial
innovation and industry-leading execution to deliver clean, locally
generated energy. This has made Summit Ridge one of the
fastest-growing energy companies in America.
Since launching in 2017,
the company has raised more than $5B in project capital to finance
200+ solar farms servicing 50,000 homes and businesses nationwide.
Learn more at srenergy.com and connect with us on
LinkedIn.
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Antonya Asante, Public Relations Account Manager
Yes& on behalf of Summit Ridge Energy
347-723-7231
press@srenergy.com
Business Development
business@srenergy.com