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onsemi inks $1.95 billion supply deal with solar inverter makers

onsemi inks $1.95 billion supply deal with solar inverter makers

Posted Date: 2023-07-29

July 28, 2023 /SemiMedia/ — onsemi just lately introduced that it has signed a $1.95 billion long-term provide settlement (LTSA) with the world’s main photo voltaic inverter producer for its good energy expertise, contributing to onsemi’s place because the primary energy semiconductor provider on this quickly rising market.

By providing superior die expertise with optimized and customised module design and packaging, onsemi allows photo voltaic inverter suppliers to compete on time-to-market, product improvement, provide resilience and strong high quality assurance. With these advantages, the corporate has signed LTSAs with eight of the highest 10 photo voltaic inverter suppliers, emphasizing the fame onsemi has earned as a trusted trade accomplice.

“Solar energy has emerged as one of many quickest rising markets and provides probably the most cost-competitive supply for large-scale renewable power installations,” mentioned Asif Jakwani senior vp and normal supervisor, Superior Energy Division, Energy Options Group, onsemi. “With onsemi’s clever energy applied sciences, prospects can obtain higher effectivity and energy density to seize and save as a lot power from the solar as potential to advance our widespread mission in direction of a extra sustainable future.”

Photo voltaic inverters convert Direct Present (DC) electrical energy generated by photo voltaic panels to grid-compatible Alternating Present (AC). Within the conversion course of, some power is misplaced as warmth. onsemi’s expertise allows photo voltaic inverters – starting from utility to residential – purposes to be smaller, lighter, and extra environment friendly, which minimizes power loss and might scale back the general system value.