Hanwha Q CELLS maintains No.1 market share in U.S. residential and commercial solar sectors
- Latest U.S. PV Leaderboard report by Wood Mackenzie Power & Renewables marks Hanwha Q CELLS continued leadership in the residential market for 10 consecutive quarters.
- Hanwha Q CELLS was also ranked as the market leader of the U.S. commercial solar sector with 19.1% market share, nearly doubling that of the next competitor.
[April 16, 2021] –Hanwha Q CELLS announced this week that it has retained top market share in the U.S. residential and commercial solar module markets, highlighting the Companys consistent leadership in the industry.
According to the Q1 2021 U.S. PV Leaderboard report by leading energy research and consultancy firm Wood Mackenzie Power & Renewables, Hanwha Q CELLS obtained 24.8 % market share in the U.S. residential market for FY 2020, marking 10 consecutive quarters of its No.1 position. The Leaderboard report also ranks Hanwha Q CELLS as the U.S. commercial market leader with 19.1 % market share, a 4.9 % increase from FY 2019 and nearly double that of the next competitor.
Hanwha Q CELLS commitment to quality
Hanwha Q CELLS continues to provide its customers with the companys wide range of high-quality solar modules and solutions. Recently, Hanwha Q CELLS was the first solar module manufacturer in the industry to successfully complete and pass a stringent new module testing certification program from TÜV Rheinland. The Quality Controlled PV (QCPV) testing standard was developed to enforce stricter criteria on monitoring, testing, and recognizing solar module quality. It is the only program on the market to continuously monitor product quality and durability in mass production. For Hanwha Q CELLS, QCPV is now the companys official certification standard, beginning with its latest range of Q.PEAK DUO-G9 series modules.
Hanwha Q CELLS commitment to becoming a total solutions provider
Hanwha Q CELLS expansion into the integrated commercial and industrial (C&I) solutions space began with the acquisition of San Francisco-based energy storage solutions company Growing Energy Labs, Inc. (Geli). The new combined capabilities provide Hanwha Q CELLS C&I customers with access to integrated PV+EMS+ESS solutions to deploy cost-effective solar-plus-storage solutions for their portfolios. Tailored turnkey solutions for equipment procurement (both module and ESS) and financing and asset management bring Hanwha Q CELLS one step closer to becoming a well-rounded total solutions provider for its customers and partners.
Hee Cheul (Charles) Kim, CEO of Hanwha Q CELLS, said: “Hanwha Q CELLS consistent top market share performance in the U.S. solar industry is testament to the company’s commitment to top quality and new, innovative solutions. With the support of our partners and customers, we will continue to explore new horizons and push the boundaries of excellence.”
Hanwha Q CELLS
Hanwha Q CELLS is a renowned total energy solutions provider in solar cell and module, energy storage, downstream project business and energy retail. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in the U.S., Malaysia, China, and South Korea. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, Hanwha Q CELLS provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets.
For more information, visit: www.q-cells.com
Hanwha Solutions (KRX: 009830) was formed in 2020 by the merger of Hanwha Chemical, Hanwha Q CELLS and Hanwha Advanced Materials. The company aims to create new synergies and sustainable growth by resolving environmental and climate issues faced by customers and society. It is headquartered in Seoul, South Korea, and has more than 70 locations worldwide.
Hanwha Solutions’ chemical business was the first in Korea to produce polyvinyl chloride (PVC); it also produces polyolefin (PO), toluene diisocyanate (TDI), and chlor-alkali (CA). The company’s Q CELLS business offers a full range of solar energy solutions from residential solar modules and energy systems to large-scale solar power plants. Its advanced materials business produces lightweight composite materials that are helping to usher in the future of mobility.
For more information, visit: hanwhasolutions.com/en
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