Proportion of sineng electric s energy storage business

Does Sineng electric have a power conversion system?

Sineng Electric has announced the expansion of its manufacturing capacity for Power Conversion Systems (PCS) and Battery Energy Storage Systems (BESS), adding an impressive 15GW to meet surging global demand. The groundbreaking ceremony was attended by chairman Wu Qiang and CEO Viktor Duan.

How did Sineng's energy storage business perform in 2022?

Notably, in 2022, Sineng’s energy storage products witnessed a surge in sales revenue, reaching 1.02 billion yuan, representing a huge 621.85% growth compared to the previous year. As of August 2023, the company has shipped over 5GW of PCS worldwide.

Why should you choose Sineng electric?

Sineng Electric is in a fast-growing industry and can catapult its way to take advantage of the expanding sustainability trend. Sineng Electric is one of the top manufacturers in the PV inverter industry and is growing an energy storage business line to provide a one-stop solution for its clients.

Is there a substitute for Sineng electric's core products PV inverters & PV storage?

There is no direct substitute for Sineng Electric’s core products PV inverters and PV storage. But there exists the possibility to substitute photovoltaic energy sourcing as a whole. The main source of substitution still comes from established industry structures, such as coal.

What does Sineng electric do in 2017?

2017: Sineng starts expanding its market overseas and builds up its global service network. Adhering to its philosophy of Sincerity, Unity and Progress, Sineng Electric wants to provide the world with advanced power electronics products and solutions underpinned by innovative technologies.

Who is Sineng electric?

Sineng Electric has established a modern PV inverter production base in Wuxi, China. It has been awarded the “Green Factory” award by the Ministry of Industry and Information Technology of China and has been contracted as the core supplier of inverter solutions for the “Chinese Photovoltaic Top Runner Program” for three consecutive years.