Sungrow Listed in Forbes Top 50 Most Innovative Chinese Companies

HEFEI, China, August 19, 2022 /PRNewswire/ — Sungrow, the world’s leading provider of inverter and energy storage solutions for renewable energy, announced that it is listed in Forbes China Top 50 Most Innovative Companies and is the only inverter company listed. This honor reaffirms Sungrow’s dedication to technological innovation for years and recognizes its continued achievements in the renewable energy industry.

Referring to innovation, Jack Guthe super vice president of Sungrow, expressed his thoughts during his dialogue with Forbes China the other day: “Solar inverters will always be the ‘brain’ to manage the modules and be able to detect and repair faults. Also, as large-scale renewables connect to the grid, photovoltaic power plants must actively support the grid, which requires the inverter must be more intelligent and competent to manage the system.In addition, when government subsidies to this industry decrease, photovoltaic power plants must bring long-term benefits.Therefore, Sungrow seeks to upgrade inverter equipment with advanced algorithms and other innovative technologies so that they can help reduce operating and maintenance costs, lower LCOE and increase return on global investment for all stakeholders.”

Sungrow’s spirit of innovation is not only evident in the development of solar inverters, but is inherited from its thriving energy storage systems business. “Sungrow aims to be a professional enterprise in storage system integration and intelligent power management. We provide three core equipments, including Battery Management System (BMS), Power Conversion System ( PCS) and Energy Management System (EMS), which are supported by Sungrow’s innovative power conversion, battery formation and grid technologies,” Jack Gu pointed out, “Sungrow will focus on refining storage system software and hardware integration as well as improving power management systems.

25 years of innovation and R&D bring fruitful results to Sungrow. It was ranked the world’s top PV inverter supplier with shipments of 47.1 GWac by IHS Markit, now part of S&P Global. It also shipped a total of 3 GWh of ESS globally in 2021, all of which were operating safely. Being labeled Top Innovative Company also demonstrates its ability to innovate. “At Sungrow, R&D personnel occupy more than 40% of the total, and we are also the Top.1 patent holder in this industry with more than 4400 patents. This great team continues to explore more possibilities in the industry Sticking to the core business of inverters and energy storage systems, Sungrow is also looking to expand into wind power solutions, NEV driving solutions, electric vehicle charging solutions and renewable hydrogen generation systems. This industry creates many opportunities, but potential risks will also arise. Therefore, we will remain proactive and cautious in a complex situation and keep a close eye on changes in the market and the environment. industry continuously so that we can maintain strong long-term competitiveness,Jack Gu concluded.

About SunGrow

Sungrow Power Supply Co.,Ltd. (“Sungrow”) is the world’s most bankable inverter brand with over 269 GW installed globally from June 2022. Founded in 1997 by a university professor Cao Renxian, Sungrow is a leader in solar inverter research and development with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for large-scale, commercial and industrial and residential applications, as well as world-renowned floating PV power plant solutions, NEV driving solutions, EV charging solutions and renewable hydrogen generation systems. With a solid 25-year track record in the PV space, Sungrow products power more than 150 countries globally.

SOURCESungrow Power Supply Co., Ltd

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