Sungrow, a manufacturer of PV inverters, announced the launch of operations of Sungrow-Samsung SDI Energy Storage Power Supply in China.
The $170 million (USD) joint venture between Sungrow and Samsung is able to provide complete Energy Storage System (ESS) solutions incorporating lithium batteries, Power Conversion Systems (PCS) and Energy Management Systems (EMS), that can reach an annual capacity reaching up to 2000MWh.
“The energy storage market is expected to be a key area where Sungrow is to expand its business based on close cooperation with Samsung,” said Professor Renxian Cao, president of Sungrow.
Upon the official launch of operation, the company has signed two energy storage contracts, with planned capacities of 10MWh and 8MWh respectively.
The company has, however, not revealed the details of the customers.
“We have strong confidence on Sungrow’s energy storage system solutions, especially after their announced partnership with Samsung. Sungrow’s product benchmarks have repeatedly proven how their products outperform those made by other companies,” said one of the customers signing the contract.