Mumbai (Maharashtra) [India], September 22 (ANI/PRNewswire): SMA India, the subsidiary of SMA Solar Technology AG (SMA), a leading global provider of photovoltaic and storage systems, today announced its participation in Renewable Energy India Expo 2022 (REI) in Greater Noida, New Delhi. At the expo, SMA India will showcase a number of recent innovations, including the Sunny Central Storage 3950 UP battery inverter, SMA DC-DC Converter, and the SMA Power Plant Manager, which enable companies to realize attractive battery storage business models while meeting grid stability requirements.

At REI, SMA technical experts will highlight the benefits of SMA's unique grid-forming solutions. Grid Forming is key to combining a 100 per cent green power supply with grid stability and resilience. It is an emerging technology that allows inverter-based energy sources such as solar energy to restart the grid independently. SMA is pioneering this development with the introduction of Grid Forming Solutions for energy storage plants. SMA's Grid Forming Solutions has stability use cases such as inertia, system strength, short-circuit level, system restoration, power system stabilizer and power quality. SMA has a global track record of completed Grid Forming plants with high ROI with projects in Europe and the US.

Karan Singh, Director of Sales and Marketing India, SEEA and South Korea at SMA said, "With a design approach that is fundamentally rooted in simplicity and customer-centricity, SMA continues to disrupt the storage industry with innovative technology that enables transformation in a sustainable and cost-effective manner."

Energy storage will play a crucial role in the future electricity grid

Advanced energy storage is a swiftly evolving technology sector crucial for 21st-century electricity grids. Moreover, the Government of India has set a target of installing 175 Gigawatt (GW) of renewable energy capacity by the year 2022 and 450 GW by 2030. A large proportion of this capacity will come from hybrid projects, where energy storage will play a crucial role.

Therefore, it is crucial to work with experts who are leading this development and setting industry standards to meet the energy requirements of modern businesses.

Post the successful seminar on energy storage project deployment in India conducted in alliance with the India Energy Storage Alliance (IESA) in attendance of leading policymakers and think tanks from India including NITI Aayog, NTPC, MNRE, and SECI, REI 2022 now provides an ideal platform to demonstrate the significance of energy storage as an integral part of the electrical grid.

SMA is particularly looking forward to presenting its innovative solutions and products to the trade public at this year's REI 2022 and to welcoming visitors to Hall 5, Stand 5.148.

As one of the leading global specialist in photovoltaic and storage system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA's portfolio contains a wide range of efficient PV and battery inverters, holistic system solutions for PV and battery-storage systems of all power classes, intelligent energy management systems and charging solutions for electric vehicles and power-to-gas applications. Digital energy services as well as extensive services up to and including operation and maintenance services for PV power plants round off SMA's range. SMA inverters with a total output of more than 115 gigawatts have been installed in more than 190 countries worldwide. SMA's multi-award-winning technology is protected by more than 1,700 patents and utility models. Since 2008, the Group's parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is listed in the TecDAX index and SDAX index.

Website: https://www.sma-india.com/

SMA Solar India Private Limited

Unit No. 701 and 717, 7th Floor

Lodha Supremus, Kolshet Road

Thane West - 400607, India

Press Contact:

Shailza Mittal

Marketing Manager - India & SEA

[email protected]

Disclaimer:

This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

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