SMA Solar Technology AG (SMA), a global leader in photovoltaic and energy storage solutions, and Beijing HyperStrong Technology Co., Ltd. (HyperStrong), a leading provider of energy storage solutions and services, have signed an agreement to deepen their strategic cooperation. Leveraging their respective core strengths, the two parties will collaborate closely to create supply chain and technological synergies, laying a solid foundation for their future long-term partnership.
Under the agreement, the two parties will further advance cooperation on utility-scale energy storage projects in global markets. By combining SMA’s Sunny Central Storage inverter technology, Medium Voltage Power Stations (MVPS), and global service expertise with HyperStrong’s system integration experience and capabilities, the two companies will jointly deliver grid-compliant energy storage solutions that are standardized yet flexible, tailored to the diverse needs of global markets.
“As our collaboration continues to deepen, this agreement marks an important milestone for both SMA and HyperStrong”, said Jürgen Reinert, CEO at SMA. “I am looking forward to a long-term partnership that will further enhance the stability of the global supply chain for energy storage projects and drive continued innovation in energy storage technologies.”
“The signing of this agreement marks a new stage in the cooperation between our two companies and reflects our shared confidence in the long-term development of the global energy storage market,” said Peng Shu, Co-founder and President of Operation of HyperStrong. “By combining the strengths of both companies, we aim to provide customers with more reliable and flexible energy storage solutions, while further strengthening our collaborative delivery capabilities for global energy storage projects”
SMA and HyperStrong aim to further solidify their market competitiveness, deepen upstream and downstream coordination of the industrial chain, and strengthen global energy storage project delivery and service capabilities. Addressing the evolving needs of the energy storage market, the two companies aim to promote the development of more standardized, scalable, and globally adaptable energy storage solutions, supporting the ongoing global energy transition.
About SMA
As a leading global specialist in photovoltaic and storage system technology, the SMA Group is setting the standards today for the decentralized and renewable energy supply of tomorrow. SMA’s portfolio contains a wide range of efficient PV and battery inverters, holistic system solutions for PV and battery-storage systems of all power classes, intelligent energy management systems and charging solutions for electric vehicles and power-to-gas applications. Digital energy services as well as extensive services round off SMA’s range. The SMA PV inverters sold around the world since 2006, with a total output of approximately 156 GW, have helped to avoid greenhouse gas emissions of more than 69 million metric tons of CO2e. This corresponds to avoided environmental costs of approximately €21 billion. SMA’s multi-award-winning technology is protected by more than 1,600 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is listed on the SDAX and TecDAX indices.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Press Contact
Nina McDonagh
Tel. +49 561 9522 42 5911
Presse@SMA.de
About HyperStrong
HyperStrong is a global leading provider of energy storage system solutions. Founded in 2011, with 15 years of research and development, as well as experience garnered through more than 400 energy storage projects and 50 GWh of deployment, HyperStrong offers a portfolio of ESS products and one-stop solutions for the full spectrum of utility-scale, commercial and industrial applications. Having built five smart manufacturing bases, three R&D centers, two testing labs and a global marketing center, HyperStrong empowers clients worldwide to achieve their energy transition and carbon neutrality goals. For more information about HyperStrong, visit: www.hyperstrong.com.
Press Contact
Mavis Zhang
marcomm@hyperstrong.com
Disclaimer
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.