19 August 2022 - SOFAR has joined the top 5 global hybrid inverter suppliers in 2021, with a global market share of over 7% according to Wood Mackenzie, the world's leading authority on energy research. The data was published in its report "Global solar PV inverter and module-level power electronics (MLPE) market share 2022".
Storing energy for a green future
Energy storage is increasingly important in solar installations across the world and now plays a key role in securing a green future. With strong expertise in both PV and energy storage, SOFAR launched its first energy storage inverter in 2016 and has grown into one of the world’s leading energy storage solution provider ever since. In 2021, SOFAR's shipments of its residential hybrid inverters exceeded 66,000 units—an increase of more than 450% from 2020. One of SOFAR's main competitive advantages is its strong focus on technology innovation and services in an increasingly fierce market competition. The company maintains its rapid growth in 2022, further consolidating its market position as an industry leader in the energy storage sector.
Over the years, SOFAR has continuously strengthened its R&D capabilities. This lead to SOFAR introducing the industry’s first three-phase 20 kW hybrid inverter in 2020, which still is the most powerful energy storage system in the residential sector. In April 2022, the company launched its SOFAR PowerAll, an all-in-one household energy storage system that has integrated both an inverter and lithium-ion batteries. The built-in Power Control Unit (PCU) reduces the capacity mismatch between different battery modules and automatically balances those modules’ capacities based on the SOC of the batteries. Additionally, the fully modular and stacked design allows for a flexible configuration and phased expansion, in turn leading to a higher return on investment.
Leader of digital energy solutions
“SOFAR offers a wide range of energy storage products and solutions, including single-phase and three-phase, DC-coupled and AC-coupled energy storage inverters, as well as high-voltage and low-voltage energy storage batteries”, said Guy Rong, Vice President of SOFAR. "In the future, SOFAR will continue to reinforce its commitment to be the leader of digital energy solutions by enhancing technological innovation, developing smart service networks and providing high-quality products to our clients worldwide," he added.
