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Sungrow Launches New Energy Storage Systems for APAC Commercial and Industrial Market

10/26/2021 | 01:25am EST

Sungrow rolled out the brand-new energy storage system -- ST129CP-50HV Series, for APAC commercial & industrial market. This powerful product proves the world's best C&I ESS solution featuring simplicity, security, intelligence and cost-efficiency. It supports various applications including demand management, peak & valley arbitrage, self-consumption, power backup and micro-grid. With these cutting-edge technologies and full-scenario applications, the ST129CP-50HV Series will empower both life and business. As renewable energy is emerging to take a large account of energy mix, consumers want to take more control of their own energy usage, and no surprisingly, energy storage becomes a popular business, which is able to facilitate the new type electricity system, meet their growing demands of high-quality electricity and economical usage, and enable them to gain more profits from this new mode. Hui Wu, Sungrow APAC account director pointed out nowadays customers constantly face challenges from unstable grid, rising electricity price; they are concerned with the network security, difficult installation etc. Hence, observing these urgent needs, Sungrow researched and developed the new ESS solution for APAC customers. First and foremost, ST129CP-50HV Series is a highly integrated product. This series only contains two core components: The Battery Unit, integrating key devices such as battery module, heating ventilation air conditioning (HVAC), and The PCS Unit, integrating PCS, transformer, energy management system (LC&EMS). High integration saves the space, lightens the weight, which makes the whole set product easier to be transported and installed. Besides, the whole set adopts the uniform communication interface, namely the three-tier communications including device exchange, local control, and remote monitoring are interconnected. Furthermore, considering different consumers might have different needs for power capacity, Sungrow used modular design for this series, which supports more flexible configuration and generate larger on-grid power range from 50kW to 1MW. If want, can have maximum 20 units in parallel, and harvest the 1MW power. Sungrow has entered the energy storage sector for over 15 years and supplied dozens of landmark projects across the world. Prioritizing security and reliability, Sungrow's ESS products boast zero security incidents for the past installations. Such excellent performance undoubtedly is maintained in ST129CP-50HV Series. The outdoor cabinets of battery unit and PCS unit have high protection level and C5 anti-corrosion capability, which can sustain extreme temperature difference from -30? to 47?, high sand and wind corrosion. Professional thermal design prolongs battery and PCS lifetime. Fire protection device is able to automatically and quickly detect, extinguish, quench fire and its lifetime is up to 12 years. This product is also equipped with Virtual Synchronous Generator (VSG) mode to enhance grid stability.

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Sales 2021 24 224 M 3 822 M 3 822 M
Net income 2021 2 708 M 427 M 427 M
Net cash 2021 8 295 M 1 309 M 1 309 M
P/E ratio 2021 67,7x
Yield 2021 0,16%
Capitalization 185 B 29 233 M 29 236 M
EV / Sales 2021 7,31x
EV / Sales 2022 5,28x
Nbr of Employees 4 492
Free-Float 18,7%
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Ren Xian Cao Chairman, President & General Manager
Guo Jun Li Chief Financial & Accounting Officer
Gao Zhou Tao Chairman-Supervisory Board
Bao Shan Li Independent Director
Ming Fa Li Independent Director
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