Solis consolidates its position as 3rd largest global inverter manufacturer

  • This latest success builds on a string of awards and accolades for Solis over the last 18 months.
  • Only last week the company was presented the “top inverter brand 2023” seal for Belgium by respected global market research organisation, EUPD; having recently gained the same seal for the Netherlands and South Africa.
  • This marks the eighth year running in which Solis has been recognised 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 postion 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.

“This remarkable expansion can be attributed first and foremost to our dedicated team of more than 4500 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 significantly by 74 percent, reaching a total investment of USD 45 million. Solis currently boasts an annual production capacity of 40GW, which is scheduled to double to 80GW in July 2023.

Author: Bryan Groenendaal

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