The company’s intelligent power technologies reportedly improve efficiency and system cost for solar inverters
SCOTTSDALE, Ariz.—Onsemi (stylized as onsemi), a developer of intelligent power and sensing technologies, reported that it recently secured $1.95 billion in long-term supply agreements (LTSAs) for its intelligent power technologies with leading global manufacturers of solar inverters.
The company said in a release that the supply agreements contribute to its “position as the number one power semiconductor supplier in this rapidly growing market” and emphasize the reputation it has “earned as a trusted industry partner.”
By offering superior die technology with optimized and customized module design and packaging, onsemi said it enables solar inverter providers to compete on time-to-market, product development, supply resilience, and robust quality assurance. These benefits were instrumental in the company’s signing of LTSAs with eight of the top 10 solar inverter suppliers, according to the release.
“Solar power has emerged as one of the fastest growing markets and offers the most cost-competitive source for large-scale renewable energy installations,” said Asif Jakwani, senior vice president and general manager, Advanced Power Division, Power Solutions Group, onsemi, in a statement. “With onsemi’s intelligent power technologies, customers can achieve greater efficiency and power density to capture and save as much energy from the sun as possible to advance our common mission towards a more sustainable future.”
Solar inverters convert direct current (DC) electricity generated by solar panels to grid-compatible alternating current (AC). In the conversion process, some energy is lost as heat. Onsemi’s technology reportedly enables solar inverters—ranging from utility to residential applications—to be smaller, lighter, and more efficient, which minimizes energy loss and can reduce the overall system cost, the company said
Onsemi said that with its focus on automotive and industrial end-markets, it is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure.
The name onsemi is a trademark of Semiconductor Components Industries, LLC