Sungrow, the world’s largest PV inverter manufacturer, announces the official start of operations of Sungrow-Samsung SDI Energy Storage Power Supply Co.,Ltd at a ceremony in Hefei, China. The $170 million joint venture between Sungrow and Samsung is able to provide complete Energy Storage System (ESS) solutions incorporating lithium batteries, Power Conversion Systems and Energy Management Systems, that can reach an annual capacity reaching up to 2000MWh.
“The requirements of a sustainable energy future continue to drive the renewable energy market forward. The energy storage market is expected to be a key area where Sungrow is to expand its business based on close cooperation with Samsung,” said Professor Renxian Cao, president of Sungrow. “Sungrow has always been committed to technical innovation, and we have strong faith in our ability to build benchmarks in the global energy storage market.”
The joint partnership has started quickly, with two energy storage contracts being signed at the opening ceremony, with planned capacities of 10MWh and 8MWh respectively. “Sungrow leads the inverter industry with its cutting-edge technology. We have strong confidence on Sungrow’s energy storage system solutions, especially after their announced partnership with Samsung. Sungrow’s product benchmarks have repeatedly proven how their products outperform those made by other companies.” said one of customers signing the contract.