Sparq Systems receives order for 30,000 microinverters

Executive Summary

• Sparq Systems Inc. received a confirmed purchase order for 30,000 Q2000 Quad microinverters, totaling 60 megawatts of capacity, for deployment in the Indian market.
• This order is part of a long-term manufacturing and supply agreement announced on February 8, 2024, highlighting recurring revenue streams and expansion into high-volume international markets.
• The company cites strong customer confidence in the reliability and scalability of its proprietary inverter architecture, which eliminates electrolytic capacitors to match the operational life of photovoltaic modules.

Key Details

• Order Volume: 30,000 units of Q2000 Quad microinverters.
• Total Capacity: 60 megawatts (MW).
• Target Market: India.
• Contractual Basis: Reoccurring order under a long-term manufacturing and supply agreement originally announced on February 8, 2024.
• Product Specifications:
  • Utilizes proprietary differential geometric control methods to reduce hardware complexity.
  • Eliminates short-life electrolytic capacitors to minimize power semiconductor stress.
  • Designed to match or exceed the operational life of PV modules.
  • Features advanced power flow regulation, including zero-export operation capabilities.
  • Uses AI-driven algorithms for ultrahigh reliability.

Notable Quotes

• "This purchase order reflects growing acceptance of Sparq's Quad microinverter platform in the Indian solar market and supports Sparq's strategy of expanding into high-volume international deployments. India is an important growth market for the company, and this order demonstrates strong customer confidence in the performance, reliability and scalability of our technology," — Dr. Praveen Jain, Chief Executive Officer.