Sungrow Power Supply Co Ltd: Key Developments in 2025

Sungrow Power Supply Co Ltd, a leading company in the electrical equipment sector, has been making significant strides in 2025. Based in Hefei, China, Sungrow specializes in photovoltaic (PV) inverters and energy storage equipment, with a presence on the Shenzhen Stock Exchange. As of May 27, 2025, the company’s close price was 60.28 CNY, with a market capitalization of 133,618,443,138 CNY.

Battery Storage Project in Finland

One of the most notable achievements for Sungrow in 2025 is the deployment of a 60MWh battery storage project in Simo, Finland. Announced on May 27, this project is one of the northernmost battery power plants globally, showcasing Sungrow’s capability to deliver reliable energy solutions in extreme latitudes. This development underscores Sungrow’s commitment to expanding its global footprint and enhancing energy storage solutions.

Partnership for Green Hydrogen

In a significant move towards sustainable energy, Sungrow has partnered with BrightHy Solutions to advance green hydrogen initiatives. Announced on May 29, this collaboration aims to deliver cutting-edge hydrogen solutions in Iberia, as part of a strategic partnership with Fusion Fuel Green plc. This partnership highlights Sungrow’s focus on diversifying its energy solutions and contributing to the global transition towards cleaner energy sources.

Financial Highlights

Sungrow’s financial performance has been noteworthy, with the company experiencing substantial institutional interest. On May 28, 2025, Sungrow received significant financing buy-ins, amounting to 7,398.26 million CNY, which accounted for 22.02% of the day’s buy-in amount. This level of financing exceeds the historical 90th percentile, indicating strong investor confidence.

Corporate Developments

In corporate news, Sungrow has seen changes in its board of directors. On May 28, non-independent director Zhao Wei submitted a resignation report due to internal work adjustments. Zhao Wei, who directly held 991,000 shares of the company, will be replaced by an employee representative director. These changes reflect Sungrow’s ongoing efforts to optimize its corporate governance structure.

Market Context

The broader market context for Sungrow includes a positive trend in the growth board sector, with the China Innovation Growth Index ETF (588400) rising by 1.33% on May 29, 2025. This reflects a growing interest in high-tech companies, including those in the renewable energy sector like Sungrow.

Overall, Sungrow Power Supply Co Ltd continues to demonstrate its leadership in the renewable energy sector through strategic partnerships, innovative projects, and strong financial performance. These developments position Sungrow as a key player in the global transition to sustainable energy solutions.