Yuneng Technology has been dedicated to the energy sector for 15 years, showcasing a unique craftsmanship that leads the energy transition. As the photovoltaic industry continues to thrive in the wave of energy transformation, Yuneng Technology, which began its journey in Jiaxing, Zhejiang in 2010, has expanded its reach to over 150 countries, established 9 subsidiaries globally, and set up 5 major storage centers along with 4 intelligent production bases. Over these 15 years, the company has crafted a legendary narrative centered around “technological independence and global breakthrough.”
On this significant milestone of its 15th anniversary, looking back reveals a journey interwoven with struggles and honors, while the future is paved with innovation and dreams.
In 2010, the global photovoltaic industry quietly emerged amidst policy support and the energy transformation wave, with core technologies predominantly held by foreign companies. The founding team of Yuneng Technology (688348.SH), driven by a patriotic spirit for technology, recognized the potential of the micro-inverter technology. This technology presents advantages like high safety, excellent energy generation efficiency, and ease of installation and maintenance, making it an ideal choice for distributed photovoltaic systems. Despite low market awareness and numerous technical challenges at the time, the team, fueled by unwavering belief, boldly ventured into this field.
Starting from a small entrepreneurial team, Yuneng has grown into a leading provider of full-scenario solutions for distributed energy storage and charging, with each step reflecting their commitment to technological innovation and keen insight into industrial transformation.
Continuous Technological Innovation Leading the New Energy “Trend”
Over the past 15 years, Yuneng Technology has consistently invested in research and development, overcoming various technological hurdles and launching a series of milestone products that set industry trends. In the field of micro-inverters, Yuneng has achieved breakthroughs in efficiency and adaptability to different scenarios. The company’s core product line focuses on “safety” and “efficiency.” In 2013, they pioneered the multi-body micro-inverter architecture, introducing the world’s first dual-body single-phase micro-inverter, YC500, and the first three-phase micro-inverter, YC1000. In 2017, they launched the first multi-body micro-inverter product, YC600, compliant with smart grid dispatching. The DS3 series micro-inverters introduced in 2021 feature a design capable of handling a high current of 20A, compatible with 670W ultra-high power components, achieving an output power of 3520W and supporting 8 modules, significantly reducing the cost per watt compared to earlier models.
Developed for commercial applications, the QT2D three-phase micro-inverter eliminates high voltage electric shock risks with its design under 120V DC, while also achieving balanced three-phase output, thereby significantly enhancing power quality and becoming a standard solution for industrial rooftop projects. In the area of module-level shutdown devices, Yuneng has established an important position through continuous research and development. In 2019, they launched the APsmart brand and introduced the RSD-S, a module-level shutdown device compliant with the US SunSpec standard, becoming the second company globally to master such technology. In 2021, they further advanced the industry by launching the RSD-D, the first dual-body module-level shutdown device capable of handling an input current of up to 20A, allowing for simultaneous connection of two modules. This device facilitates rapid shutdown at the module level in emergencies, eliminating high DC voltages in photovoltaic system arrays and reducing electric shock risks. To date, this product line has received certifications from international authorities including SunSpec, CSA, FCC, and TÜV, underscoring Yuneng’s excellence in technological innovation and quality assurance. Globally, over 4.5 million units of this series have been shipped, earning widespread market trust and acclaim.
In the realm of energy storage systems, Yuneng Technology is building an eco-cycle for solar and storage synergy. In response to the volatility challenges of distributed energy, the company began focusing on energy storage technology in 2020. Their ELS and ELT series of storage inverters utilize AC coupling technology, compatible with low-voltage batteries and micro-inverters, forming a flexible system of “photovoltaics + energy storage.” For instance, the ELS-5K storage inverter employs intelligent scheduling algorithms to capitalize on peak and valley electricity pricing, minimizing energy waste and reducing electricity costs, thereby addressing household green energy supply challenges and creating a green, low-carbon, and intelligent living application scenario.
Domestic and International Dual-Drive Strategy for Integrated Solar and Storage Ecosystem
Against the backdrop of a global push for renewable clean energy, Yuneng Technology closely follows industry trends and continues to enrich its product matrix based on independent R&D and innovation. By centering around micro-inverters, the company has achieved a linkage of three major business models: micro solar storage, residential solar storage, and commercial solar storage, forming an ecological business layout that covers all scenarios. The company adheres to a business philosophy of “dual-drive from domestic and international markets, with integrated solar and storage solutions,” continuously reinforcing and expanding its competitive advantage in the solar storage sector.
In the domestic market, Yuneng actively responds to national policies, participating in multiple large-scale photovoltaic projects to support the achievement of national energy transition goals. Furthermore, Yuneng has established strategic partnerships with several well-known domestic energy enterprises, executing numerous large commercial energy storage projects, such as those for Meishan Steel, Nanjing Steel, and Binhai Energy, with a total installed capacity exceeding 1GWh by 2024.
On the global front, the company now serves clients in over 150 countries, with 9 subsidiaries established in key markets such as the Netherlands, France, and Australia. They have set up localized distribution and service platforms that provide 24-hour, year-round service and multilingual online and offline training, ensuring timely responses to customer needs and enhancing customer satisfaction. The company also emphasizes brand building, having received the “Top Inverter Brand Award” from EUPD Research for six consecutive years, thereby establishing a strong brand presence in regions such as Europe and Latin America.
In October 2024, Yuneng Technology successfully secured a bid for a project to convert a hydropower station into a photovoltaic power station in Southeast Asia, supplying core products such as energy storage integrated cabinets. This project marks the company’s first breakthrough in overseas emerging markets with its commercial energy storage products.
Embarking on a New Journey Towards a Blue Ocean
As Yuneng Technology reaches its 15th anniversary, it remains committed to its original mission, placing innovation at the core of its strategy to promote a new blueprint for integrated solar and storage solutions, aiming for even higher goals. To date, the company has accumulated 178 intellectual property rights, including 89 invention patents, a figure that ranks among the highest in the industry. Notably, by outsourcing production processes, the company has redirected more resources and energy towards R&D, ensuring that a remarkable 54% of its workforce is dedicated to ongoing innovation and maintaining a leading position in micro-inverter and related technologies.
Over the past 15 years, Yuneng Technology has transformed from a supplier of component-level power devices into a full-scenario solution provider for distributed solar storage, crafting an impressive narrative amidst the waves of the photovoltaic industry. Looking ahead, the company will continue to lead with technological innovation, guided by market demand and focused on customer satisfaction, striving for new heights and contributing more towards achieving carbon peak and carbon neutrality goals, while pursuing dreams in the era of smart energy.
