Ginlong (Solis) Technologies has been ranked the world’s third largest inverter manufacturer for the second consecutive year by S&P Global. Solis currently boasts an annual production capacity of 40 GW, which is scheduled to double to 80 GW in July 2023.
This latest success builds on a string of awards and accolades for Solis over the last 18 months.
Last week the company was presented the “top inverter brand 2023” seal for Belgium by respected global market research organization, EUPD; having recently gained the same seal for the Netherlands and South Africa. This marks the eighth year running in which Solis has been recognized by EUPD, based 100,000 interviews across more than 50 countries.
Reflecting on the company’s performance in 2022 and beyond, Sandy Woodward, Solis General Manager Europe and South Africa, said:
“I am delighted that Solis has been ranked so highly for another year, and that we have maintained our position as the world’s third largest inverter manufacturer. I’m particularly proud of our progress during 2022 in the energy storage inverter segment, in which Solis achieved year-on year growth of more than 500 percent; accounting for 18 percent of our total operating revenue.”
Woodward attributes this expansion pace to their team of more than 4,500 people across all the major continents, but also to “our high brand recognition, strong channel competitiveness and deep commitment to R&D.”
In 2022, the company’s R&D expenditure increased by 74 percent, reaching a total investment of USD 45 million.
Listen to more in-depth conversations on Solar Builder’s YouTube channel
Our most popular series include:
Power Forward! | A collaboration with BayWa r.e. to discuss higher level industry topics.
The Buzz | Where we give our 2 cents per kWh on the residential solar market.
The Pitch | Discussions with solar manufacturers about their new technology and ideas.