CPS Energy Spokesman Albert Cantu said the solar panel equipment company’s product line fulfills another element in the plan for San Antonio’s clean energy portfolio.
"KACO New Energy is a producer of state-of-the-art inverters which help to convert the DC power from solar panels into usable AC power that will flow onto our grid," Cantu said.
KACO came to San Antonio last year, opening a 60,000 square-foot inverter production plant and offices, and plans to increase its staff to 70 employees by the end of this year. Officials say their goal was to centralize all of the company’s North American warehousing, production, and office personnel in the one location in San Antonio to unlock its next phase of growth in North, Central and South America.
CPS Energy has been using its buying power to bring more renewable energy companies to San Antonio. OCI Solar, which is building a massive solar project in south San Antonio, has pledged to bring 800 jobs to the area as part of its deal with CPS Energy.
With home offices in Germany, KACO New Energy employs 850 workers across 16 countries.