Sungrow Power Supply Co., Ltd. ("Sungrow") is the most bankable inverter brand in the world, with more than 224 GW installed as of 2021. Sungrow, which was founded in 1997 by University Professor Cao Renxian, is a market leader in solar inverter research and development, with the industry's largest dedicated R&D team and a broad product portfolio that includes PV inverter solutions and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as internationally recognised floating PV plant solutions. Sungrow products power installations in over 150 countries, with a solid 25-year track record in the PV industry.
Sungrow has a robust technical R&D staff of over 2600 individuals, making it a leader in the solar sector in terms of innovation. SGS, CSA, and TÜV Rheinland have all approved the company's own in-house testing centre. Sungrow opened the world's largest inverter facility in 2019. The company's global yearly manufacturing capacity is 140 GW, with 20 GW coming from outside. According to IHS Markit, Growatt is one of the world's top 10 inverter brands. Having its strong competitive advantages in distributed solar, the company is the world's No.1 residential inverter supplier and it also ranks among the world's top 5 suppliers of commercial inverters. Additionally, for storage hybrid inverters, Growatt is the second largest supplier in the world according to Wood Mackenzie. By the end of 2021, Growatt had shipped over 3.8 million inverters to more than 100 countries.
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