Jinko Solar: JinkoSolar Bags its First Residential Energy Storage System Order in Thailand

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.”