SMA Products

SMA Products

Reuters, citing a story posted by Hessische Niedersaechsische Allgemeine, claims that Volkswagen is in discussions with solar equipment company SMA Solar.

The talks reportedly center around energy storage, though neither company was willing to discuss details.

Volkswagen stated:

"SMA Solar is strong in stationary storage systems.”

SMA commented:

"It's way too soon, there is nothing yet that we can say. When things are ready, we will announce them with VW."

SMA Solar has current deals with both Daimler and Tesla.

Reuters adds:

"To catch up with more established players in the electric-car field including Toyota and the Renault-Nissan alliance, VW is examining options and weighing partnerships with battery specialists and green technology firms such as SMA Solar, two sources at VW said."

We'll provide you with more information on this developing story as soon as the details of the deal become official.

Source: Reuters