HEFEI, China, November 29, 2022 /PRNewswire/ — In a humble rented house downtown China Anhui province, a young university professor Cao Renxian launched Sungrow on November 28, 1997. He had a pioneering spirit and had high hopes of contributing to society and the world by harnessing what he was looking for – renewable energy. After 25 years, Sungrow becomes the world’s leading supplier of inverters and energy storage systems.
This year, Sungrow celebrates the 25th anniversary of its dedicated efforts. In 1997, renewable energy was a niche energy source. Many people didn’t think it could replace fossil fuels. Today, renewable energies are becoming an affordable, reliable and competitive source of energy and contributing to global carbon neutrality.
Cao Renxian, chairman of Sungrow, delivered a speech at the company’s 25th anniversary ceremony on November 28, 2022. He traced the history of Sungrow from the period when it was a company with a single PV inverter business to an entity offering PV inverters, energy storage systems, converters and more. wind power, EV chargers and hydrogen PV solutions. Cao said, “Sungrow has come a long way since our inception 25 years ago, and it has been a promising and exciting journey. We have experienced the ups and downs of the industry, but we continue to engage in technical innovation.”
Sungrow’s technical innovations are the core of its long-term development. The company has the largest R&D team in the industry and has established six R&D centers around the world. It retains its number one position with a global market share in the photovoltaic inverter sector exceeding 30%. Recently, Sungrow was ranked the world’s only 100% bankable inverter brand by BloombergNEF and became the only inverter brand in the world to maintain this #1 ranking for four consecutive years.
Sungrow also released its principle for future global management and development at the ceremony. “Sungrow principle is initiated to receive increased benefits from various parties to create unexpected value for our customers. It is also there to inspire technical innovation in the future,” Cao added.
Sungrow is not only dedicated to establishing reliable and long-lasting cooperation with its partners, but also makes tangible contributions to ESG with its expertise and tactics. As a member of RE100 and EP100, Sungrow reinforces its commitment to use 100% renewable energy across the entire value chain and improve energy productivity by 35% by 2028.
To illustrate its efforts, the Society launched its first National Giving Week campaign at the ceremony. The initiation contains a wide variety of recent activities taking place in three different countries and five cities.
“For 25 years, we have been converting renewable energy into accessible, cost-effective and sustainable electricity. We are dedicated to our role as a bridge. We install, protect, repair and consolidate it, ensuring an unimpeded path to a world with low-carbon. We will always continue to take steps in order to fulfill our mission of ‘clean energy for all’ with continuous innovations,” Cao concluded.
About SunGrow
Sungrow Power Supply Co.,Ltd. (“Sungrow”) is the world’s most bankable inverter brand with over 269 GW installed worldwide from June 2022. Founded in 1997 by 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 worldwide. Learn more about Sungrow by visiting www.sungrowpower.com.
SOURCE Sungrow Power Supply Co., Ltd.
