The energy transition is underway.
The goal is to transform the global energy sector from fossil fuel-based to zero-carbon solutions by the second half of this century. If successful, this should reduce energy-related CO2 emissions and mitigate the effects of climate change. Renewable energy and energy efficiency will be at the heart of this transition. This includes solar, wind, and sea.
Energy storage solutions (ESS) capture electricity when it is readily available. The excess energy can then be consumed at night, whenever there are power outages or during periods of peak demand. In other words, thanks to ESS, solar can deliver – even after the sun’s gone down.
China’s Sungrow Power Supply Co., Ltd (“Sungrow”) is one of the many companies leading the way in solar technology. Sungrow’s energy storage business has grown exponentially since it launched in November 2014. In the last eight years, the company has participated in over 1000 global energy projects in China, Australia and North America.
Demand for ESS to grow as solar increasingly takes its place in the energy mix
The move to renewable energy will require the continued evolution of technology
Sungrow benefits from its reputation as a technology leader
Demand for energy storage is rising rapidly across the world, thanks to the growing share of renewables in the energy mix.
Company selected for illustrative purposes only to demonstrate the investment management style and not as an investment recommendation or indication of future performance.