![\"Sungrow](\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/04\/sungrow-shipments.jpg\")
<\/p>\n<\/p>\n
Chinese inverter and battery storage giant Sungrow says it achieved “unprecedented” revenues and profits last year. <\/p>\n
Sungrow\u2019s operating revenue saw a year-on-year increase of 79.5% in 2023, reaching USD $10.2 billion. Net profit attributable to shareholders jumped by 162.7% to USD $1.3 billion.<\/p>\n
“This robust growth was primarily attributed to the company\u2019s expanding customer base and increasing market share in key regions,” states the firm<\/a>.<\/p><\/blockquote>\n
Inverter shipments reached more than 130GW last year, bringing the company’s overall tally to 515\u202fGW as at December\u202f2023. On the energy storage front, Sungrow reported 10.5GWh of batteries shipped in 2023.<\/p>\n
Apparently taking the maxim of “innovate or die” to heart, the company has been throwing buckets of cash at research and development. This year it has allocated USD $347 million towards R&D activity, 44.6% growth. Sungrow currently boasts 5,372 R&D technical personnel, and claims to have been granted a cumulative total of 4123 patents.<\/p>\n
As well as inverters for the home, commercial and utility sectors, and energy storage, the company is dabbling in green hydrogen and manufacturing EV chargers.<\/p>\n
Sungrow is also making headway on a goal of reaching 100% renewable energy<\/a> for its electricity requirements by 2028, which was announced in 2020. With the proportion of green electricity used throughout last year rising to 55%, the firm appears to be on track.<\/p>\n
Australians Take A Shine To Sungrow<\/h2>\n
Sungrow’s arrival in Australia back in 2012 was at a time when Austria’s Fronius and Germany’s SMA pretty much ruled the roost when it came to quality home solar inverters. Sungrow offered significantly cheaper alternatives that were still of good quality and while not without their issues from time to time<\/a>, the company’s inverters found a solid foothold in Australia quite rapidly.<\/p>\n
Here on SolarQuotes, we have close to 3,200 ratings and reviews of Sungrow inverters<\/a> that have averaged a 4.7 star rating overall and 4.8 stars over the last 12 months. The company is currently listed as an SQ-recommended inverter brand<\/a>.<\/p>\n
Australian installers have warmed to Sungrow too, with the company taking out gold for the fourth year running in the best inverters of 2024<\/a> budget category in the SolarQuotes Installers Choice Awards. It also achieved bronze in the “money no object” category and silver in the support category.<\/p>\n
On the home battery side of things, Sungrow\u00a0 has made substantial inroads since adding energy storage to its repertoire. While its original effort – the PowCube – didn’t see huge uptake here, the company appears to be on a winner with the newer modular SBR HV system; pricing and specifications of which can be found on our battery comparison table<\/a>.<\/p>\n
SQ founder Finn installed a Sungrow SBR HV battery<\/a> at his rental property last year, along with a Sungrow SH5.0RS hybrid inverter and smart meter. He’s been generally pleased with the hardware and the battery’s performance, but although the app does everything needed, Finn’s opinion is it has a lousy interface and is hard to navigate.<\/p>\n
Sungrow solar batteries have achieved an average 4.8 star rating overall in SQ customer reviews<\/a>, and scored a gong in each category of this year’s Installer Choice Awards for best home battery brands in 2024<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chinese inverter and battery storage giant Sungrow says it achieved “unprecedented” revenues and profits last year.<\/p>\n","protected":false},"author":17,"featured_media":83199,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[678],"tags":[],"class_list":["post-83198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\n
Sungrow Struts With Eye-Popping Inverter Shipments<\/title>\n<meta name=\"description\" content=\"Chinese inverter and battery storage giant Sungrow says it achieved "unprecedented" revenues and profits last year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-shipments-mb2908\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sungrow Struts With Eye-Popping Inverter Shipments\" \/>\n<meta property=\"og:description\" content=\"Chinese inverter and battery storage giant Sungrow says it achieved "unprecedented" revenues and profits last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverter-shipments-mb2908\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" 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The summary report is a little light on details, but reveals\u00a0 inverter shipments in 2019 reached 17.1GW, with international shipments accounting for 9GW of that total and 8.1GW for domestic.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sungrow inverters and battery storage","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/sungrow-inverter-report.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/sungrow-inverter-report.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/sungrow-inverter-report.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/sungrow-inverter-report.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/sungrow-inverter-report.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":85908,"url":"https:\/\/www.solarquotes.com.au\/blog\/top-inverter-shippers-mb2984\/","url_meta":{"origin":83198,"position":2},"title":"Top Solar Inverter Shippers Of 2023 Unveiled","author":"Michael Bloch","date":"August 13, 2024","format":false,"excerpt":"The top 10 PV inverter manufacturers accounted for 81% of the global market last year, and two captured more than 50% says Wood Mackenzie. According to a report from the firm, global solar inverter shipments grew by 56% to 536 gigawatts alternating current (GWac) in 2023. The top 5 manufacturers\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar inverter shipments in 2023","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/08\/top-inverter-shippers.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":45602,"url":"https:\/\/www.solarquotes.com.au\/blog\/sungrow-inverters-australia-mb1794\/","url_meta":{"origin":83198,"position":3},"title":"Sungrow Celebrates 1GW Of Solar Inverter Capacity In Australia","author":"Michael Bloch","date":"December 10, 2020","format":false,"excerpt":"Solar inverter and energy storage manufacturer Sungrow has reached a significant milestone here in Australia - 1GW of inverter capacity deployment. The company has come a long way since its very humble beginnings. Sungrow was founded in 1997 by Cao Renxian, who was a professor at China's Hefei University of\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sungrow solar inverters - Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/sungrow-1gw-australia.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":83335,"url":"https:\/\/www.solarquotes.com.au\/blog\/sungrow-battery-inverter-australia-mb2916\/","url_meta":{"origin":83198,"position":4},"title":"Sungrow Shows Off New Solar Gear For Australia","author":"Michael Bloch","date":"May 9, 2024","format":false,"excerpt":"China's Sungrow launched its latest inverters and batteries for the Australian residential and commercial market at the Solar & Storage Live Australia event held in Brisbane last week. Founded in 1997 by University Professor Cao Renxian, Sungrow established a presence in the Australian market in 2012 and has earned a\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Sungrow home battery and inverter","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/sungrow-battery-inverter.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/sungrow-battery-inverter.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/sungrow-battery-inverter.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/sungrow-battery-inverter.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/05\/sungrow-battery-inverter.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":100156,"url":"https:\/\/www.solarquotes.com.au\/blog\/best-solar-inverters-2026-installers-choice-awards\/","url_meta":{"origin":83198,"position":5},"title":"Best Solar Inverters In Australia 2026: Installer’s Choice Awards","author":"Finn Peacock","date":"July 14, 2026","format":false,"excerpt":"We recently kicked off the SolarQuotes Installer's Choice Awards with the solar panel brands installers would choose for their own homes. This week, we're turning our attention to the inverter \u2014 the box on the wall that converts DC solar power into the 230 volts AC your home uses. What\u2026","rel":"","context":"In "Solar Inverters"","block_context":{"text":"Solar Inverters","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-inverters\/"},"img":{"alt_text":"SolarQuotes Installer's Choice Awards 2026 - Inverters","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/07\/2026-awards-inverters.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/07\/2026-awards-inverters.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/07\/2026-awards-inverters.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/07\/2026-awards-inverters.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2026\/07\/2026-awards-inverters.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/83198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=83198"}],"version-history":[{"count":8,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/83198\/revisions"}],"predecessor-version":[{"id":99054,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/83198\/revisions\/99054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/83199"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=83198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=83198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=83198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}