Onsemi: Innovating Intelligent Power for PV

Today, Onsemi, a leading semiconductor solutions provider, revealed exciting news about its $1.95 billion worth of long-term supply agreements (LTSA) in the renewable energy sector. The agreements will provide cutting-edge intelligent power technologies to several top-notch photovoltaic (PV) inverter manufacturers.

Onsemi has already inked LTSA deals with eight out of the top 10 PV inverter suppliers, making it a significant player in the industry. Their innovative technology will empower PV inverters, ranging from large-scale utility projects to residential systems, to become more efficient and cost-effective.

The technology enables a reduction in energy losses during the DC to AC conversion process, resulting in a smaller footprint, lighter weight, and increased efficiency for PV inverters. This advancement translates to significant cost savings for the entire system.

Onsemi's CEO, Hassane EI-Khoury, shared in a recent interview how their developments cater to the evolving renewable energy landscape, where PV integration with energy storage and personalized customer demands are on the rise.

In response to the changing industry needs, Onsemi has introduced over 20 IGBT/IGBT+SiC hybrid module products, with power ratings ranging from 5kW to 360kW. These modules are tailored for residential, commercial, and large-scale solar storage systems, addressing a broad spectrum of customer requirements.

The unique characteristics of wide bandgap materials in Onsemi's products allow for high-frequency, high-temperature, and high-voltage operation. This means more compact and efficient systems, ultimately leading to higher power output and reduced costs.

Onsemi has already achieved success in other sectors, such as new energy vehicles and electric vehicle charging stations, showcasing its prowess in silicon carbide (SiC) products.

The company's remarkable financial performance, with revenue growth and expanding market share in key areas, further solidifies Onsemi's position as a leader in the semiconductor industry.

This milestone announcement reflects Onsemi's commitment to driving innovation in the renewable energy sector, paving the way for a greener and more sustainable future.