Que: How does Sungrow ensure that its products meet global standards and maintain quality for the international market?

Ans: While achieving a market-leading position is important, sustaining it requires continuous effort and Sungrow handles this challenge by prioritising innovation. Every year, Sungrow allocates a substantial portion of its resources to R&D. Over 40 percent of Sungrow's team size is dedicated to R&D. On average, we introduce a new generation product every two years. Sungrow possesses the capability and expertise to continually innovate, thereby enhancing the performance, quality and reliability of its products.

Que: Research and development are crucial for solar inverter manufacturing. Could you elaborate on Sungrow's R&D efforts?

Ans: Research and development play a vital role in solar inverter manufacturing. With a focus on enhancing independent innovation capabilities, Sungrow has set up six R&D centers across the world. With core technologies as the driving force, Sungrow's R&D team continually upgrades existing product lines, maintains product iterations, and provides leading technological support to deliver globally competitive products and services. Sungrow adheres to the principles of continuous technological innovation, and continuous cost reduction in product R&D and operation to meet the evolving needs of the market while maintaining high standards of quality and performance.

Que: Could you provide insights into Sungrow's current market presence in India and its expansion plans for the future?

Ans: As Sungrow approaches its 10th-year milestone in India, our presence in the country has been very robust. Over the past decade, we have established ourselves as a prominent player in the Indian renewable energy sector particularly in the solar PV inverter market.

Sungrow has shipped over 25 GW of solar PV Inverters during this time and has continuously expanded its footprint and maintained a leading position in the market. Our commitment to innovation and quality has propelled us to the forefront of the Indian market with Sungrow consistently leading the industry continuously. The establishment of our manufacturing facility five years ago, which initially boasted a capacity of 3 GW and expanded to more than 3 times that in just two years, highlights our dedication to meet the growing market demand. Looking ahead, Sungrow remains committed to the Indian market growth and development. We have ambitious plans to further expand our manufacturing capacity within the next 3-5 months to cater to the increasing demands of the Indian market.

Que: Can you highlight some of the latest technological advancements incorporated by Sungrow?

Ans: Based on an in-depth understanding of market trends and consumer demands, Sungrow continuously innovates traditional inverters. One of our latest innovations is the 1+X modular inverters which represent a fusion of the best features from string inverters and centralised inverters, pioneering a new category in the market. These inverters with a unit power of 1.1 MW, offer unparalleled flexibility, allowing multiple units to be seamlessly connected in parallel to form sub-arrays ranging from 1.1 MW to 8.8 MW. This innovative design not only enhances station configuration flexibility but also simplifies operation and maintenance procedures. Additionally, our Liquid-Cooled Energy Storage Systems, including the PowerTitan - PowerStack, include a unique combination of power electronics, electrochemistry, and grid support technologies. These systems lead the way in integrated energy storage development, departing from the conventional method of simple superposition. Through meticulous design and manufacturing, the systems deliver superior performance and reliability, setting new standards in the energy storage industry.

Que: How do you foresee technology revolutionising the energy storage sector, and what market trends do you anticipate in the coming years?

Ans: In recent years, while India has experienced significant growth in solar PV adoption, the energy storage sector has yet to realize its full potential. However, the outlook for energy storage in the near future is promising, majorly driven by the increasing global focus on achieving Net Zero Emissions targets. As technology continues to advance, we anticipate a revolution in the energy storage sector that can seamlessly integrate with renewable energy sources and support grid stability. With solar power, wind power, energy storage, new energy vehicles, and hydrogen energy converging into the energy network, we foresee the emergence of a diversified battery energy system supported by digital foundations. This will enable more customers to effectively harness green energy sources. Sungrow is in front to support this transformation, offering state-of-the-art energy storage products that set new standards in the market. Our Power Titan energy storage systems, equipped with advanced technological features, enable efficient and sustainable energy management. These systems boast a highly integrated design, facilitating easy transportation, installation, and operation.

Que: Could you share Sungrow's strategy for covering a wider range of services?

Ans: Sungrow takes pride in its commitment to providing a comprehensive range of solutions covering the entire spectrum of the renewable energy sector. To achieve this, our strategy involves a multilevel approach aimed at serving a broader clientele base. Firstly, we actively engage in market research and analysis to identify emerging trends and evolving customer demands. This enables us to stay ahead of the curve and develop innovative products and services that cater to a wide range of needs. Additionally, Sungrow always has a strong emphasis on geographical expansion and market penetration. By strategically establishing our presence in key regions, we ensure that our offerings reach to a larger audience and effectively meet the needs of diverse markets. Moreover, we continuously invest in research and development to enhance our product portfolio and stay in front of technological advancements.

Furthermore, Sungrow pays more attention to building strong partnerships and collaborations within the industry. By working closely with stakeholders including developers, installers and end users, we try to create synergies that enable us to deliver solutions that can address the diverse needs of our customers. We are confident in our ability to continue serving as a trusted partner in the renewable energy transition.