The A-ES Series is GoodWe's innovative adaptation of the internationally successful ES energy storage solution inverter to the specific requirements of the United States market. This inverter is a solution for situations of grid failure and its comprehensive functionality was conceived for boosting self-consumption. It is available on a power range of 5 and 10kW with as many as 4 MPPTs, and with its UPS has the capacity to provide all the power that home-owners may need in situations of emergency. It features a 50% oversizing capability and also boasts a Zero Export function.
The award in the inverter category given to GoodWe by pv magazine is, of course, a recognition of the collective efforts of the company. However, in all fairness, this award is mostly a recognition of the R & D capabilities of GoodWe, which are behind our ability to keep launching new products and our flexibility to learn and adapt quickly to the diversified conditions of different markets in the world. GoodWe boasts one of the most comprehensive portfolios of PV solar inverters in the world, and at present, our products cover practically all the market segments.
It is precisely because GoodWe is advantaged with an R & D team of approximately 200 solar researchers, that our company has reached a position of leadership in the complex and expanding energy storage market segment. This team is GoodWe's secret weapon not only for securing patents and awards but for expanding a large network of customers all over the world that are loyal to our energy storage inverters for their great quality, design, and superb functionality.
Another aspect to highlight around this recognition is that the GoodWe inverter that was selected as a winner of this year's award edition is a new product for a market in which we are just starting operations such as the United States. The development of the A-ES provides a strong evidence that as the saying goes, GoodWe remains hungry and foolish, always being prepared to leave its comfort zone to embark in the development of new products for markets that for us are new, such as the solar market of the United States, which is full of opportunities and challenges. The readers of this article won't be surprised to learn that our R &D team spent months of work dedicated to understanding the American market from a technological, regulatory, and end-user perspective and that the A-ES is just the crystallization of those efforts.
The year is starting in an upbeat way for the global solar industry. On its latest forecast, IHS anticipates that in 2020 more than 140GW of new solar energy will be installed across the world. Sadly, the year has also started with a myriad of pieces of evidence that the climate crisis is reaching dangerous proportions. At this very moment in which the forests of Australia burn, we remind ourselves and our peers of the purpose of our original mission to develop better solar technologies to make our world more sustainable.
We are deeply grateful to pv magazine and the jury for this award. GoodWe thanks and recognizes the pv magazine for the terrific job it is doing to foster the development of the solar industry across continents and spread the knowledge generated by our community in the word.