Solar hardware doesn’t make for the splashiest headline in the energy industry, and inverters may be the most niche among that equipment.
But inverters are a complex and integral part of a solar system. How an inverter performs has a significant impact on a solar project’s output and thus its value.
The threat to a project’s bottom line is an especially salient point as more types of investors, like pension funds and insurance companies, jump into solar deals expecting consistent and guaranteed returns.
"It's not that the space is unrealiable," says one analyst. "It's just not risk-free."