SMA Solar Technology AG and Danfoss A/S Connect Supermarkets with the Energy Sector

“Our expertise in photovoltaics, battery-storage systems and energy management is a complementary fit with Danfoss’ long-standing experience in cooling and refrigeration technology and its access to customers in the food retail segment,” said Dr.-Ing. Jürgen Reinert, Board Member for Operations and Technology of SMA Solar Technology AG. “I am delighted that this planned joint venture will allow us to further expand our strategic partnership with Danfoss.”

“The food retail segment is both of strategic importance and a playing field for innovation,” said Jürgen Fischer, President of Danfoss Cooling. “Innovative products from cooling and heating technology combined with photovoltaics, energy storage and charging stations will be used in the supermarket of the future. Supermarkets will not only provide fresh goods, but also transform the utility grid, which will become more reliable, greener and more flexible. Danfoss and SMA are very well positioned to tap into this new market. As part of this planned joint venture, headquartered in Hamburg, Germany, we will work together to develop our tried-and-tested technology and secure ourselves a leading market position in this segment.”

SMA’s newly founded subsidiary, coneva GmbH, will cooperate with Danfoss’ Cooling Segment to design a service offering tailored to the individual requirements of the food retail segment. “The SMA energy management platform ennexOS is an ideal tool for optimizing the energy consumption of retailers using parameters like the current electricity prices, outside temperature, solar irradiation and temporary grid requirements,” explained Jochen Schneider, general manager of coneva GmbH. “Surplus self-generated electricity can either be sold directly or stored in electric and thermal storage systems. The integration into the energy market also allows us to secure the supply of cost-effective, environmentally friendly energy. In addition, we can integrate charging stations.”

The planned joint venture is likely subject to the approval of competent antitrust authorities.

About Danfoss
Danfoss engineers technologies that enable the world of tomorrow to do more with less. We meet the growing need for infrastructure, food supply, energy efficiency and climate-friendly solutions. Our products and services are used in areas such as refrigeration, air conditioning, heating, motor control and mobile machinery. We are also active in the field of renewable energy as well as district heating infrastructure for cities and urban communities. Our innovative engineering dates back to 1933 and today Danfoss is a world-leader, employing more than 26,000 employees and serving customers in more than 100 countries. We are still privately held by the founding family. More information on www.danfoss.com.

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