Fortune, in collaboration with the Boston Consulting Group (BCG) since 2017, compiles the Future 50 list. To identify the Future 50, the BCG Henderson Institute used a “vitality” index to determine the rankings. The index is based on a top-down, market-based assessment of a company’s growth potential, and a bottom-up analysis of its capacity to deliver, based on financial and non-financial metrics -- such as long-term strategic orientation, technology and investments, people, and structure.
Did you miss that? The cost and efficiency screw for PV modules continues to turn
This ranking underlines Sungrow's enduring growth trajectory. With a 26-year track record in the renewable energy industry, Sungrow dominates both the PV inverter and energy storage markets. S&P Commodity Insights estimates that Sungrow was ranked as the number one PV inverter supplier globally in 2022. Another reputed report further positions Sungrow at the top spot in the energy storage market.
Renewable energy as a crucial driver of future development
In addition, the Company gave its presence at the recent COP28, showing its dedicated efforts to fuel the global energy transition with technical innovation and professional global footprints.
The 2023 Fortune Future 50 companies show that despite near-term economic and geopolitical turbulence, the dominant patterns of long-term growth potential remain relatively stable. The list highlights renewable energy as a crucial driver of future sustainable and long-term development and Sungrow would play a pivotal role in this momentum, the company announced. (hcn)
