International authoritative research institution IHS Markit (now a part of S&P Global) announced the top 10 global PV inverter companies in terms of estimated shipments in 2021. Sungrow, with 47.1 GWac inverter shipments, becomes the No.1 PV inverter supplier globally.
Despite Covid-19 and 2021's unstable supply chain, Sungrow, the global inverter solution supplier for renewables, continued to invest in R&D and update its product portfolio by launching the SG350HX string inverter, 1+X modular inverter, Liquid-Cooled Energy Storage System, and its newest inverter series for the commercial, industrial, and residential sectors. In addition, Sungrow was dedicated to globalization. In 2021, Sungrow expanded its Indian factory's annual manufacturing capacity to over 10GW and set up its Thailand factory with a 10 GW annual manufacturing capacity.
To better engage in international sustainability initiatives, Sungrow joined RE100 and EP100 to reinforce its commitment to use 100% renewable energy across the entire value chain and improve energy productivity by 35% by 2028. It also joined the United Nations Global Compact and the China ESG Leaders Association to assume corporate responsibilities for global sustainable development.
Sungrow will continue to reinforce its commitment to the global Net-Zero Carbon mission by enhancing technological innovation, stabilizing the supply chain, developing mature sales and service networks worldwide, and providing clean and efficient power for all.