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Earning a market-leading position is one thing, but maintaining it is another. Sungrow, the leading global inverter solution supplier for renewables, is successfully navigating the challenge by embracing innovation to enhance its product's performance, quality and stability.
Founded in 1997, Sungrow is the world's most bankable inverter brand, with more than 269 GW deployed globally — and 47 GW installed in 2021 alone.
It's a leader in the research and development (R&D) of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering photovoltaic (PV) inverter solutions and energy storage systems for utility-scale, commercial and industrial (C&I), residential and floating PV plant solutions.
In today's Tactical Tuesday, Hank Wang, president of Sungrow Americas, credits Sungrow's enviable position in the market to product and service excellence and steady investment in products and services. The conversation was part of the RE+ PowerUp Media Zone, a live production of SunCast Media.
Sungrow outspends all of its competitors in R&D. "We have the ability and capability to keep innovating to enhance the performance, quality and stability of our product. We also keep it cost-effective, so our customers benefit from both the cost and technical perspective," Hank said.
More than 40% of Sungrow employees — 1,800 — are involved in R&D. "On average, we develop a new generation product every two years," he said, noting that each generation is more cost-effective and efficient than the earlier one.
Hank has more than a decade of experience building solar businesses in China. He spent five years as general manager of overseas sales at Yingli Solar and a year as group vice president at RealForce-Power before joining Sungrow in 2016.
Sungrow has deep integration with its engineering, procurement, and construction (EPC) partners, which helps inform the direction of its product iterations. Hank said Sungrow always tries to address cost and how easy products are to install and maintain.
Join us today to hear how Sungrow maintains its market-leading position and its plans for the future as it prepares for expected rapid growth in the US market.
NOTEWORTHY QUOTE:
“We have to prepare ourselves with the rapid growth of the market and make sure that we’re ready from a capacity of employees, from R&D, supply chain and everything to be well prepared for the rapid growth of this market.”
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SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow
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Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.
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