Sungrow

On January 29, 2026 in Madrid, Sungrow launches a grid-forming version of PowerTitan 3.0 for European utilities: 1.78 MW and 7.14 MWh in a 20-foot container, 7.2 MW / 28.5 MWh per AC block, 92% round-trip efficiency, 2 to 8 hour duration, 20-millisecond reactive power response and gigawatt-scale black-start capability.

Full-year 2025 revenue rises 14.55% to RMB89.18B with net profit up 21.97% to RMB13.46B. Storage revenue jumps 49.4% to RMB37.29B (41.8% of the total) on 43 GWh of shipments, with overseas volumes up 89% to 36 GWh while domestic shipments fall 22% as Sungrow retreats from low-margin Chinese projects.

The October 2025 Hong Kong application lapses after its six-month validity expires on April 5, 2026, and Sungrow refiles on April 24 at a market capitalisation of about RMB277.4B ($40.65B). It also partners with Jinghe Energy to develop solid-state batteries.

Wood Mackenzie's inaugural comprehensive global BESS integrator ranking, published July 2026, places Sungrow first, ahead of Tesla and CATL, scoring technology maturity, R&D, safety, vertical integration, supply-chain resilience, ESG and financial strength. Annual global battery storage installations passed 100 GW for the first time in 2025.

Reported April 27-28, 2026: revenue fell 18.26% year over year to RMB15.56B and net profit fell 40.12% to RMB2.29B, missing analyst estimates, as gross margin dropped 1.8 points to 33.3% on falling energy storage prices, softer domestic PV inverter demand following China's May 2025 'New Policy 531,' and a deliberate pullback from power-plant development. Storage shipments (11.4 GWh) were slightly down year over year, a headwind against the full-year 60+ GWh target.

On April 20, 2026, Jinghe Energy and Sungrow New Energy sign a formal strategic cooperation agreement to develop solid-state batteries using sulfide-coated electrode materials targeting 800 Wh/kg energy density, for intelligent vehicles, power energy storage, and eVTOL applications.

On July 9-10, 2026, Sungrow unveils EnerNeo, a self-developed commercial solid-state transformer offering a full-stack 800V DC power architecture for AI data centers, at 98.5% peak efficiency, 50% smaller footprint than conventional equipment, and 1.5-4.5 MW per unit. Sungrow signs framework procurement agreements with HEC Technology (30 MW) and ZDATA (100 MW), marking its entry into AI data center power infrastructure beyond solar and storage.

On July 28, 2026, the US FCC issues a rule banning new imports of Chinese-made, grid-connected power inverters, citing undocumented components including cellular radios that officials say could enable remote access or grid disruption. Sungrow is named alongside Huawei among the affected Chinese inverter makers, closing off new US sales of a product line it had already been deprioritizing in favor of overseas storage growth. Amid threat reports ahead of the ban, Sungrow shares plunged as much as 20% intraday in early July and lost more than $14.8B of market value over the following month; on July 21, 2026 chairman Cao Renxian proposed a RMB500M-1B share buyback for equity incentives as a defensive measure.

On August 4, 2026, Wood Mackenzie's restated full-year-2025 rankings place Sungrow first in both its Global BESS Integrator Comprehensive Ranking (ahead of Tesla and CATL) and its Global Solar Inverter Manufacturer Ranking (tied with Huawei). On August 10, 2026, S&P Global separately names Sungrow the No.1 PV inverter supplier by 2025 shipments.

At SNEC 2026 (June 3) in Shanghai, Sungrow unveils PowerMatrix, merging PV inverter, storage converter, energy routing and grid control into a single 'core energy node' for combined solar-plus-storage plants, with up to 28 MPPTs per MW and a pitch of over 10% lower balance-of-system costs at gigawatt scale.

At Intersolar Europe 2026 (June 23), Sungrow launches PowerHarbor, an all-in-one residential ESS with modular 6-10 kWh battery blocks stackable up to 120 kWh, entering the home-battery segment alongside its grid-scale and inverter businesses.

Sungrow announces its first factory outside Asia: a EUR230M plant in the Walbrzych Special Economic Zone in Poland, covering 65,400 sqm with planned annual capacity of 20 GW of PV inverters and 12.5 GWh of energy storage systems, expected to create about 400 jobs.

On August 17, 2026, Sungrow holds a groundbreaking ceremony for a $50M, 10 GWh-per-year energy storage system factory in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone at Ain Sokhna, just seven months after signing the land and cooperation agreements in January 2026. It is Sungrow's first ESS manufacturing base in the Middle East and Africa and the region's first dedicated ESS factory, targeting completion by April 2027.

Reported August 24, 2026: subsidiary Sungrow Renewables commissions a 200 MW/400 MWh grid-scale storage plant in Hefei using the PowerTitan 3.0 liquid-cooled system (600 Ah-plus stacked cells), paired with Sungrow's self-developed PowMart power-trading decision-support software, which uses AI-based electricity-price forecasts to generate spot-market bidding strategies. The plant supports peak-shaving for wind and solar generation in central Anhui.

Reported August 31, 2026: H1 2026 revenue fell 28.99% year over year to RMB30.91B and net profit fell 32.01% to RMB5.26B, extending the Q1 reversal through the first half. Energy storage revenue was RMB15.46B, down 13.18% but a smaller drop than the company overall, so storage crossed 50% of total revenue for the first time as PV inverter sales fell even further; shares dropped as much as 8.4% in Shenzhen on August 31 to a one-year low.

On September 7, 2026, Sungrow launched the MGTL series of 10-25 kW three-phase hybrid inverters for homes and businesses in Southeast Asia, Africa, Latin America and other markets. The line combines solar and storage, claims 0 ms grid-to-backup switching, AFCI 3.0R arc-fault detection and an IP66 rating, and pairs with Sungrow MBL120 and MBL160 batteries plus selected third-party packs via iSolarCloud.

Sungrow's August 28, 2026 half-year report showed H1 storage shipments of 25 GWh, up about 28% year over year, even as storage revenue fell 13.2% to RMB15.46B and crossed 50% of total sales for the first time. Inverter shipments fell to about 66 GW from 76 GW a year earlier, overseas markets accounted for 73.4% of revenue, and management said EnerNeo solid-state transformers had begun commercial shipments, with about 2 GWh of firm AI-data-center storage orders and a pipeline above 10 GWh.

On September 9, 2026, pv magazine reported that Sungrow plans to procure battery cells from South Korea's Samsung SDI for its energy storage systems, primarily to support US deliveries, after saying it has no current plan to build a US factory. Volumes, manufacturing locations, and commercial terms were not disclosed. The move follows management's H1 briefing that it expects a gradual US pullback amid FCC inverter rules and a presidential executive order on high-voltage power equipment.

In June 2025 Sungrow releases the PowerTitan 3.0 platform in 10-foot Flex (3.45 MWh), 20-foot Class (6.9 MWh) and 30-foot Plus (12.5 MWh) versions supporting 2 to 12 hours of duration, built on up to 684 Ah stacked cells with a fully liquid-cooled silicon-carbide power conversion system at up to 99.3% efficiency.

Energy storage revenue passes PV inverters for the first time, and in October Sungrow files for a Hong Kong listing to fund overseas expansion, aiming for an A+H share structure.

Sungrow overtakes LONGi Green Energy in market value in March 2024, and reaches roughly 14% of the global battery storage market as China's storage buildout accelerates.

Sungrow goes public on Shenzhen's ChiNext board in November 2011 under ticker 300274, funding the expansion that makes it the world's largest inverter supplier.

Cao Renxian, a lecturer at Hefei University of Technology, leaves academia and starts Sungrow with his own savings and borrowed capital to build renewable-energy power electronics.