KACO new energy, one of the fastest growing solar companies in the North American utility-scale market, today announced that it has entered a sales agreement with BriteStreet Energy Group, a national distributor of solar and LED lighting products, based in Denver, Colorado.
“The entrepreneurial spirit driving BriteStreet Energy makes for an ideal partner for KACO, as we continue to diversify and continuously enhance our product offerings for the US market,” said Jurgen Krehnke, Chief Executive Officer of KACO New Energy, Americas.
According to BriteStreet Energy, the organization doubled its solar business in the third quarter of 2016 with the expansion of its residential and commercial development business and projects significant expansion in 2017.
Under the terms of the agreement, KACO new energy will supply BriteStreet with residential PV inverters, including the blueplanet Ultraverter, launched last month at Solar Power International.
“As the PV residential market continues to grow year after year, rooftop inverter products such as the Ultraverter™, which optimize efficiency and ease-of-installation are crucial when supporting our rapidly expanding portfolio of installer and contractor partners,” said Eric Hinckley, Chief Operations Officer and Senior Vice President of BriteStreet Energy Group.
The Ultraverter™. is packaged with only three separate SKUs, while similar competitor products often require larger numbers of different sizes and components, a common cause of unfavorably high inventory levels for solar installers and distributors.
Eliminating the need for costly proprietary balance of system components, KACO’s Ultraverter™ is customized for compatibility with the most accessible, user-friendly and cost effective components in PV design, a decision executed specifically based on distributor/installer feedback regarding opportunities to reduce Balance of System (BOS) and installation costs. Backed by a 25-year warranty, the Ultraverter represents a first in quality and reliability from a German inverter powerhouse in the module-level PV space.
KACO is currently witnessing significant traction with leading national distributors following the product’s launch in mid-September.
Founded in 1914, KACO New Energy is one of the world’s largest manufacturers of photovoltaic inverters. The company is headquartered in Neckarsulm, Germany, in a region known to be a bastion of world-leading engineering powerhouses; which include, Audi, Daimler AG (Maybach, Mercedes-Benz), Porsche, and Robert Bosch GmbH.
KACO new energy, Inc.’s North American headquarters and manufacturing sites are located in San Antonio, Texas with regional employees based across the Americas. KACO new energy prides itself with a workforce comprised of more than 20 percent US military veterans. A large portion of components for KACO are also sourced from within the US.
Since 2014, KACO new energy has deployed over 1 GW of PV products for the US utility, residential and commercial markets and has become the top inverter supplier in the high-growth Texas market.
News item from KACO