HEFEI, China, April 25, 2024 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system provider, released its annual report 2023 recently. The company attained unprecedented revenues and profits, fueled by robust demand across diverse global markets.

In 2023, the global renewable energy market is poised for rapid expansion, with Sungrow prioritizing its core business, enhancing innovation and transformation, investing heavily in market research and development, and implementing a comprehensive strategy for products and services. Sungrow’s commitment to digitalization, streamlining operations, and fostering rapid growth in its core business has resulted in reinforced brand potential and an industry-leading position, ultimately leading to a significant boost in profitability.

Sungrow’s operating revenue experienced an impressive year-on-year surge of 79.5% in 2023, reaching a staggering $10.2 billion, while its net profit attributable to shareholders jumped significantly by 162.7% to $1.3 billion. This robust growth was primarily attributed to the company’s expanding customer base and increasing market share in key regions.

The company has witnessed a remarkable surge in PV inverter shipments, surpassing 130GW, indicating a widespread embrace of solar energy globally. Furthermore, Sungrow’s sales of energy storage systems have escalated dramatically to 10.5GWh, driven by the escalating demand for both grid-connected and off-grid applications.

Sungrow’s investments in research and development (R&D) have consistently borne fruit, evident from the successful introduction of an array of cutting-edge products throughout the fiscal year. This year, the company allocated $347 million towards R&D, marking a year-on-year growth of 44.6%. And Sungrow boasts a strong team of 5372 R&D technical personnel, having achieved a cumulative total of 4123 patent grants.

The innovations encompass several groundbreaking achievements. Among them are the world’s first 2000V inverter connected to the grid, the introduction of the world’s first 10MWh liquid cooling energy storage system, the successful deployment of its C&I liquid cooling energy storage system, the release of the industry’s inaugural “Stem Cell Grid Technology White Paper”, the successful demonstration of the grid-forming wind power converter, the introduction of flexible green hydrogen production system, and the global launch of the 180kW Integrated DC Fast Charger and etc.

The company’s strong financial performance has allowed it to expand its operations and strengthen its global presence. As of the previous year, Sungrow had exceeded 20 subsidiaries, successfully marketing its products in 170 nations and regions. Additionally, it boasted over 490 service outlets across six major service areas globally.

Simultaneously, the overseas employee count reached 1423, representing a year-on-year increase of 58.1%.

Over the course of the past year, the company’s brand awareness and reputation have steadily risen, earning multiple prestigious accolades such as “China Top 50 Most Innovative Companies” awarded by Forbes China, “Best ESG Practice Employer of the Year” by Forbes,  “Fortune China 500″ and ” Future 50 Global” granted by Fortune and etc. Recently, in 2023, the company secured an impressive ranking of 117th on the annual “China’s 500 Most Valuable Brands” list compiled by the World Brand Lab, with a brand value of $11.37 billion.

The year 2023 was an exceptional one for Sungrow. Its power electronic converters has accumulated an installed capacity of over 515GW, about 330 million tons of carbon dioxide emissions can be avoided annually together with our customers. The company is committed to sustainable development practices and aims to achieve carbon neutrality at the operational level by 2028, across its entire supply chain by 2038, and reach net-zero emissions across the chain by 2048. As part of its accelerated RE100 goal, the proportion of green electricity used throughout the year has risen to 55%, and global volunteer service projects have been launched, with a total of 1,352 registered volunteers contributing 3,442 hours of service so far.

Looking ahead, Sungrow remains committed to the realm of clean power, prioritizing solar, wind, energy storage, and green hydrogen. The company strives to innovate consistently, aiming to make remarkable advancements in power electronics, grid support, and AI technology. Sungrow aims to provide integrated solutions, enhance the customer experience, and bolster its brand image. By executing this strategy, Sungrow aims to further expand its position as a global leader, enabling it to achieve sustainable and high-quality development.

About Sungrow

Sungrow Power Supply Co., Ltd. (“Sungrow”) is a global leading PV inverter and ESS provider with over 515 GW of power electronic converters installed worldwide as of December 2023. Founded in 1997 by university professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and ESS for utility-scale, commercial & industrial, and residential applications, as well as internationally recognized floating PV plant solutions, NEV driving solutions, EV charging solutions and renewable hydrogen production systems. With a strong 27-year track record in the PV space, Sungrow products power over 170 countries worldwide. For more information about Sungrow, visit: www.sungrowpower.com.

Photo – https://mma.prnewswire.com/media/2397389/20240425140107.jpg
Logo – https://mma.prnewswire.com/media/1344575/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sungrow-released-annual-report-2023-operating-revenue-witnessed-a-robust-growth-of-79-5-302127207.html

HELSINKI, April 25, 2024 /PRNewswire/ — ICEYE, a global leader in satellite-powered disaster management solutions, has announced a new data collaboration with Juniper Re, LLC (“Juniper Re”), the dynamic reinsurance broking arm and indirect subsidiary of BRP Group, Inc. (NASDAQ: BRP).

Juniper Re will leverage ICEYE’s Flood and Wildfire Insights data to support their carrier clients by accessing near real-time observed data on large-scale events to determine the impact within hours and support data-driven decisions.

This collaboration forms part of Juniper Re’s investment in innovative solutions to enhance their ability to support clients. Rapid access to ICEYE’s hazard and damage data will enable Juniper Re’s clients to respond to natural disasters accurately and quickly, improving their decision-making, and ultimately transforming their ability to manage the loss.

ICEYE operates the world’s largest constellation of synthetic aperture radar (SAR) satellites, offering unrivaled access to actionable Earth observation data. This provides the insurance sector with an entirely new level of persistent monitoring for any location on Earth, delivering uninterrupted visibility, both day and night, in any weather conditions.

Adam Miron, Head of Catastrophe Analytics, Juniper Re, commented: “ICEYE’s ground-breaking technology is a game changer for persistent monitoring and actionable insights. The ability to identify specific risks and ground-truth damage at scale, no matter the condition, in near real-time is revolutionary. Damage can be understood in hours as opposed to days, allowing our clients to quickly understand the impact of an event and promptly undertake loss mitigation steps.”

Kurt Jackson, Head of Insurance, Americas at ICEYE, said: “We are delighted to collaborate with Juniper Re and support the development of leading-edge data solutions. This collaboration aligns with ICEYE’s mission to get near real-time observed data into the hands of carriers and brokers following extreme weather events, enabling the industry to make better and faster decisions.”

About ICEYE 

ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before.

Owning the world’s largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.

ICEYE is headquartered in Finland and operates from five international locations. ICEYE has more than 600 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation.

Visit www.iceye.com and follow ICEYE on LinkedIn and X for the latest updates and insights.

Media contact: [email protected]

About Juniper Re, LLC

Launched in October 2023, Juniper Re is a specialist reinsurance broker, comprised of talented and trusted professionals with extensive experience and knowledge in the reinsurance broking and the broader (re)insurance industry. Our team has extensive expertise across broking, analytics, client service, risk and compliance, and operational disciplines. We use a dynamic, analytical, and collaborative, cross-disciplined approach to deliver insightful counsel and solutions to our clients. For more information, please visit www.juniperre.com.

About BRP Group, Inc.

BRP Group, Inc. (NASDAQ: BRP) is an independent insurance distribution firm delivering tailored insurance and risk management insights and solutions that give our Clients the peace of mind to pursue their purpose, passion and dreams. We are innovating the industry by taking a holistic and tailored approach to risk management, insurance, and employee benefits, and support our Clients, Colleagues, Insurance Company Partners and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. BRP Group represents over two million clients across the United States and internationally. For more information, please visit www.baldwinriskpartners.com.

BRP GROUP, INC. NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent BRP Group’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or BRP Group’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.

Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption “Risk Factors” in BRP Group’s Annual Report on Form 10-K for the year ended December 31, 2023 and in BRP Group’s other filings with the SEC, which are available free of charge on the SEC’s website at: www.sec.gov, including those risks and other factors relevant to the business, financial condition and results of operations of BRP Group. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to BRP Group or to persons acting on behalf of BRP Group are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and BRP Group does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.

JUNIPER RE PRESS

Amy Money, Head of Marketing

Juniper Re

214.533.3837 | [email protected]

BRP PRESS

Anna Rozenich, Senior Director, Enterprise Communications

Baldwin Risk Partners

630.561.5907 | [email protected]

BRP INVESTOR RELATIONS

Bonnie Bishop, Executive Director, Investor Relations

Baldwin Risk Partners

813.259.8032 | [email protected]

Photo – https://mma.prnewswire.com/media/2396700/Press_Release_Juniper_Re_ICEYE_25AprPR.jpg

View original content:https://www.prnewswire.co.uk/news-releases/iceye-and-juniper-re-llc-announce-multi-year-flood-and-wildfire-data-collaboration-302126933.html

The post British Caribbean Bank triggers core banking overhaul with Finastra appeared first on HIPTHER Alerts.