Hefei, China, June 6th, 2023 -- Sungrow, the global leading inverter and energy storage system supplier, has been listed as one of Boston Consulting Group’s (BCG) 50 Global-Challenger Climate Pioneers, underscoring its unwavering commitment in environmental, social, and governance (ESG) practices.
BCG, a renowned global consulting firm, collaborates with industry leaders to tackle critical challenges. In evaluating the Global-Challenger Climate Pioneers, BCG considered traditional business metrics such as revenue growth and international presence, while also assessing companies’ scores in the Refinitiv, MSCI, CSRHub, and CDP indexes for environmental sustainability.
Guided by its mission of "Clean power for all", Sungrow remains steadfast in its pursuit of carbon neutrality through comprehensive carbon emission management, utilization of green electricity, energy efficiency enhancement, and various tangible incentives. The Company actively collaborates with partners to build a sustainable future.
As the world's leading renewable energy player, Sungrow has achieved an impressive 340 GW+ of inverter equipment installations, generating 471,100 GWh of clean electricity annually. This substantial contribution is equivalent to eliminating a staggering 380 million tons of carbon dioxide emissions.
To further bolster its commitment to corporate carbon neutrality, Sungrow has joined initiatives like RE100 and EP100, reinforcing its pledge to utilize 100% renewable energy across the entire value chain and improve energy productivity by 35% by 2028.
Additionally, Sungrow continued its upward trajectory with revenue for the 2022 fiscal year was $5.98 billion, a 66.8% increase from the previous year. The Company has evolved into a versatile entity, offering a diverse range of products including PV inverters, energy storage systems, wind energy converters, EV chargers, and green hydrogen solutions. Sungrow takes pride in its largest R&D team in the industry and has established six R&D centers worldwide. In order to meet the escalating global demand for renewable energy, Sungrow operates three manufacturing bases on a global scale. With a robust global presence, Sungrow also boasts over 20 branches across various countries.
About Sungrow
Sungrow Power Supply Co., Ltd. (“Sungrow”) is the world’s most bankable inverter brand with over 340 GW installed worldwide as of December 2022. Founded in 1997 by Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as internationally recognized floating PV plant solutions, NEV driving solutions, EV charging solutions and renewable hydrogen production systems. With a strong 26-year track record in the PV space, Sungrow products power over 150 countries worldwide. Learn more about Sungrow by visiting www.sungrowpower.com.