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SolaX Power

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Chinese solar inverter manufacturer
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SolaX Power Network Technology (Zhejiang) Co., Ltd.
Company typePublic
Traded asSSE: 688717
IndustryRenewable energy
Founded2012; 12 years ago (2012)
FounderLi Xinfu (chairman)
HeadquartersHangzhou
Area servedWorldwide
Websitewww.solaxpower.com

SolaX Power (Chinese: 艾罗能源), also known as SolaX Power Network Technology, whose full name is SolaX Power Network Technology (Zhejiang) Co., Ltd., often referred to simply as SolaX, is a Chinese solar inverter maker founded in 2012. The company went public on the Shanghai Stock Exchange on January 3, 2024. It supplies solar storage batteries to Project Solar. It also purchases batteries manufactured by LG, as well as Rept Battero.

SolaX mainly produces PV energy storage inverters, and energy storage batteries. Headquartered in Hangzhou, the company also established operations in overseas markets, such as Australia, and the US. It participated in the development of virtual power plants in Australia. In 2022, its revenues in Europe amounted to more than CNY 4.3 billion. In January 2024, it released the X1-IES and X3-IES series.

History

SolaX was established in 2012. In 2013, it introduced the SK series of energy storage inverters. In 2014, the company entered the UK. In 2015, it formed a partnership with LG Chem.

In 2021, SolaX launched its first commercial string inverter series. In January 2024, the firm was listed on the STAR Market. In its IPO, the company raised more than 2.2 billion yuan.

References

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  4. Zachariah Kelly (October 11, 2023). "Energy Storage Market Booming in Australia". Gizmodo.
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  12. Beth Anton (January 3, 2024). "SolaX Executes its Initial Public Offering". Renewable Energy Magazine.
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  14. "Chinese PV product maker SolaX Power lists on STAR Market". Renewablesnow.com. March 8, 2024. Archived from the original on March 12, 2024.
  15. "WEF APAC System Value Analysis Australia 2022" (PDF). World Economic Forum. October 1, 2022. Archived (PDF) from the original on August 2, 2023.
  16. Forbes China (January 3, 2024). "SolaX Power Goes Public on the Shanghai Stock Exchange". Forbes. Archived from the original on August 27, 2024. Retrieved August 29, 2024.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  17. BNN Correspondents. "SolaX Power Unveils New Integrated Energy Storage Systems with Enhanced Features". BNN. January 31, 2024.
  18. "SolaX Power listed on Shanghai Stock Exchange". The Free Library. Energy Update. February 26, 2024. Archived from the original on August 27, 2024. Retrieved August 29, 2024.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
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  20. Peter Bennett (September 9, 2014). "Solax announces UK partnership with Navitron". Solar Power Portal. Archived from the original on March 17, 2024.
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  24. "SolaX Power raises 2.22 billion yuan from STAR Market IPO". International Financing Review. December 28, 2023. Archived from the original on March 11, 2024. Retrieved August 29, 2024.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
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