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ARTICLE: Solar O&M firms target growing share of spare parts distribution

Increasing cost pressure, combined with technology advances and long-term spare parts risk, has created a market for third-party inventory management, industry experts told New Energy Update.

Facing aggressive wholesale market competition, the PV operations and maintenance (O&M) sector is continuing to seek new efficiencies to lower costs.

Third-party solar inventory players are now emerging as plant operators grapple with the challenge of securing spare parts. More effective inventory management not only reduces potential downtimes and secures revenue, it also helps to stabilize long-term O&M costs.

Read more from Strata's Mike Loeser on the future of managing spare parts inventory.