The report lists Tesla as number one, followed by South Korean’s LG Energy Solution, Taiwan-based Kung Long Battery, China’s Mustang Battery, along with U.S.-based Solid Power in the top five.
Sinovoltaics analyzed publicly traded inverter producers using a balance sheet-based model and publicly available financial information to track financial strength over the past three years. The top-five in the latest ranking are Hoymiles Power Electronics, Enphase, Kstar, Eaton, and Goodwe.
Also on the rise: Meyer Burger to cease PV module production in Germany. From the show floor at Intersolar 2024. And more.
Backed by Munich Re, Sinovoltaics uses a proprietary AI-based electro luminescence (EL) technology to identify microcracks and other module defects before shipping.
Product piracy is a well-known threat in many industries, and in solar the risk posed by poor quality products from disreputable manufacturers making their way onto rooftops and other PV installations should not be underestimated. With manufacturers investing in solutions to protect against inferior products bearing their logo, pv magazine looks at the size of the problem.
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