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Jul 31, 2023

Growatt ranks among the top 4 global storage hybrid inverter suppliers

The World's Top 4 Storage Hybrid Inverter Supplier

According to a recent report from Wood Mackenzie, Growatt, a leading global provider of distributed energy solutions, came among the top 4 global storage hybrid inverter suppliers in 2022, holding a significant 10% market share.

“Since our entry into the residential storage inverters market in 2015, Growatt has established distinctive strengths and advantages in this sector, offering hybrid inverters with powerful functionalities, ultimate safety, high yields, and user-friendly operation. Now, families and businesses across the globe have achieved higher solar consumption and greater energy independence,” said Lisa Zhang, Vice President of Marketing at Growatt.


Growatt's core hybrid series, the “Battery-Ready” inverters, has received popularity worldwide. The solution was initiated with the introduction of the MIN 2500-6000TL-XH, the pioneering member launched in 2019. Building upon this success, Growatt expanded its product portfolio by introducing the MOD 3-10KTL3-XH, MID 11-30KTL3-XH and WIT 50-100K-HU/AU inverters, catering to larger-scale systems.

Complementing the Battery-Ready inverters are Growatt's battery solutions, among which the APX HV Battery, unveiled last year, stands out as a highlight. This cutting-edge product incorporates the latest lithium iron phosphate (LFP) battery technology and offers five levels of comprehensive protection for cells, packs, modules, and the entire system. Furthermore, the soft-switching parallel connection technology employed in the battery optimizes electricity consumption by eliminating energy mismatches while enabling each module to charge and discharge independently. Flexibility and efficiency for installation and expansion is also enhanced, thanks to its stackable modular design.

“It is our vision to build the world's largest intelligent sustainable energy ecosystem for humankind,” emphasized Zhang. “This ecosystem will revolve around solar PV, energy storage, and EV charging, supported by intelligent energy management tools. We strive to provide families with a sustainable lifestyle, businesses with high-return operations, and communities with alternative power sources, paving the way for a greener future.”

Source: pv magazine

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