Business Journal: SMA America Moves To Rocklin
Rocklin has attracted a major green energy company. SMA America Incorporated will move its Grass Valley headquarters to a 25,000 square-foot plant in Rocklin in the next few weeks.
Tuesday, April 29, 2008
The company, the U.S. subsidiary of German solar-power firm SMA Technologies, makes solar inverters for photovoltaic systems. Those inverters turn solar power into utility-grade alternating current – just like the electricity from standard household outlets. SMA expects its 32 employees in Grass Valley to move to the Rocklin headquarters, which are expected to open by the end of May. The privately owned company reported revenue of $527 million in 2007, that’s an almost $200 million increase from a year earlier. The company sells to wholesale solar-power system distributors such as Conergy, Solar Depot, and SunPower Corp.