Shanghai, China, August 2 2021 - JinkoSolar Holdings Co., Ltd. ("JinkoSolar" or "Company") (NYSE code: JKS), one of the largest and most innovative module manufacturers, announced that it has signed the first batch of residential energy storage orders with local customers New Energy Plus Solutions in Thailand. This will act as strong support in developing “PV + ESS” solutions to meet the residential needs.
JinkoSolar has been the No.1 PV brand in terms of module shipments for two consecutive years in Thailand, one of the most important solar markets for the company in Southeast Asia. As the No.1 PV module brand in Thailand, over 192MW of solar panels were provided by JinkoSolar with 38.4% of the market share. JinkoSolar’s flawless brand value, product quality, and professional service teams will pave the path for further product diversification in this market and the deployment of the "PV+" business model locally.
The residential energy storage systems meet customers' needs for off-grid, on/off-grid switching, and access adapted with generators. The battery covers a storage range of 7kWh-20kWh with a single-phase or three-phase inverter option and offers over 6000 times life-cycle warranty. The qualified protection level IP65 can deal with the high humidity environment efficiently. Pouch battery optimizes the energy efficacy by about 10%-15% as compared to the prismatic battery and provides for better thermal performance when used in high-temperature conditions.
The product has been designed to ensure fast and flexible installation. The Intelligence of “on/off-grid” switching suits the complex and unpredictable operating conditions in Thailand. Furthermore, Thailand’s potential in solar energy exceeds the expectation of the analysts. In addition, Thailand has one of the largest and the most diverse bases of renewable energy resources of any ASEN nation, and has plenty of potential for the growth of the renewable energy industry.
Owing to the self-generation and consumption characteristics of photovoltaic users, a matching energy storage system will foster closed-loop power consumption. This satisfies the customers' needs for high-efficiency power generation, flexible configuration, and easy installation.
Gener Miao, Chief Marketing Officer of JinkoSolar, said: “Under Thailand’s new energy development policy, renewable energy cannot provide uninterrupted power generation to meet electricity demand. Therefore, the deployment of energy storage systems has become an essential solution to this problem. We believe that energy storage will also become an indispensable part of the Thailand power market in the near future. JinkoSolar will also fully lead the Thai photovoltaic market into a new PV+ stage."
Legal Statement
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 27 GW for mono wafers, 12 GW for solar cells, and 31 GW for solar modules, as of June 30, 2021.
JinkoSolar has 9 productions facilities globally, 22overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Hong Kong, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of June 30, 2021.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
In China:
Ms. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com
