This honor reaffirms Sungrow's years-long dedication to technological innovation and recognizes its continuous achievements in the renewable energy industry.
Referring to innovation, Jack Gu, Sungrow's senior vice president, expressed his thoughts during his dialogue with Forbes China the other day: “Solar inverters will still be the ‘brain' to manage modules and be able to detect and repair failures. In addition, as large scale renewables connect to the grid, PV plants need to actively support the grid, which requires the inverter to be more intelligent and competent to manage the system. What is more, when governmental subsidies to this industry decrease, PV plants must bring long term benefits. Hence Sungrow seeks to upgrade the inverter equipment with advanced algorithms and other innovative technologies so that they can help save the O&M costs, lower the LCOE and increase the overall ROI for all stakeholders.”
Sungrow's innovative spirit is not only manifested in the solar inverter development but is inherited in its booming energy storage system business. “Sungrow aims to be a professional company in storage system integration and smart energy management. We provide three core equipment products including battery management systems (BMS'), power conversion systems (PCS') and energy management systems (EMS'), which are supported by Sungrow's innovative technologies in power conversion, battery, and grid forming,” Gu emphasized. “Sungrow will focus on refining the integration of software and hardware of storage systems as well as improving energy management systems.”
Twenty-five-years long innovation and R&D have brought fruitful results to Sungrow. It was ranked as the number one PV inverter supplier globally, with 47.1 GWac of shipments, by IHS Markit, now a part of S&P Global. It also shipped a total 3 GWh of ESS' globally in 2021, all working safely. Being listed as a top innovative company also testifies to its capabilities to innovate. “At Sungrow, the R&D personnel occupies over 40% of the total, and we are also the top patent holder in this industry, with over 4,400 patents. This large team keeps exploring more possibilities in the renewable energy industry. When sticking to the main business of inverter and energy storage systems, Sungrow also seeks growth in wind energy solutions, NEV driving solutions, EV charging solutions, and renewable hydrogen production systems. This industry is creating numerous opportunities but potential risks will also arise. Hence we will remain proactive and prudent amid the complex situation and keep a close eye on the market and industry changes constantly, so that we can maintain strong competitiveness in the long term,” Gu concluded.
