Qcells retains No. 1 market share in the U.S. residential & commercial solar module segments

The most recent US PV Leaderboard Report issued by Wooden Mackenzie Energy & Renewables reinforces Qcells as a sustainable market chief. With the outcomes obtainable in 2022, Qcells presently holds the No.1 market share place within the residential and business photo voltaic segments for 5 and 4 consecutive years, respectively.

[San Francisco, CA, May 10, 2023] Qcells, a number one supplier of full power options, as soon as once more leads the photo voltaic trade within the US residential and business markets, in response to a current report issued by Wooden Mackenzie, a number one power analysis and consulting agency.

In keeping with Wooden Mackenzie’s US PV Leaderboard Report for Q1 2023 (the “Leaderboard Report”), Qcells captured a 33.7 p.c market share within the US residential photo voltaic module marketplace for 2022, marking 18 consecutive quarter occupying No.1. Qcells panels are put in in additional than one-third of US photo voltaic houses, which means the corporate set a brand new document for the best market share by a person module provider in residence for the final ten years. Furthermore, Qcells logged an unimaginable 38.9 p.c market share in This fall alone.

The Leaderboard Report additionally ranks Qcells because the chief within the US business market with a 17.7 p.c market share for 2022. Qcells has held this No.1 place within the business phase for the previous 4 years.

Qcells is properly positioned to proceed its main efficiency within the US market, pushed by its long-standing dedication to strengthening the home market. Qcells introduced plans to take a position greater than $2.5 billion – the biggest funding in American photo voltaic historical past – to construct a whole photo voltaic provide chain within the U.S. With this, Qcells goals to speed up the transition of -or US power and increasing home manufacturing amid the nation’s push for American-made clear power options.

Together with its capability growth plans, Qcells’ milestones prolong its rising built-in power options for the residential, business, and utility sectors.

Most not too long ago, Qcells and Summit Ridge Power, the nation’s largest business photo voltaic firm, introduced a partnership during which Qcells will present 1.2 gigawatts of photo voltaic panels to help the event of greater than 350 initiatives of neighborhood photo voltaic over the subsequent 4 years. Qcells will even ship greater than 2.5 gigawatts of photo voltaic panels, in addition to present engineering, procurement, and development (EPC) companies to pick out photo voltaic initiatives contracted by Microsoft via energy buy agreements (PPAs).

Qcells CEO Justin Lee stated: “Qcells is proud to be a frontrunner in clear power options within the US PV module sector. Our constant market management serves as proof that our clients worth clients what Qcells has to supply as a model. Constructing a whole, home The photo voltaic manufacturing worth chain within the US will solely assist Qcells proceed to succeed in better heights and preserve its place as a dependable selection for the US market.”

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About Qcells

Qcells is among the world’s main clear power firms, acknowledged for its established popularity as a producer of excessive efficiency, top quality photo voltaic cells and modules, portfolio of clever storage methods , and a rising worldwide pipeline of main renewable power initiatives. Qcells additionally supplies renewable electrical energy retail companies and packages to finish clients world wide. The corporate is situated in Seoul, South Korea (World Govt HQ) with numerous worldwide manufacturing amenities within the US, Malaysia, China, and South Korea. Qcells presents Completely Clear Power via a full spectrum of photovoltaic merchandise, storage options, renewable electrical contracting and enormous solar energy crops. By way of a rising international enterprise community spanning North America, Europe, Asia, South America, Africa and the Center East, Qcells supplies glorious service and long-term partnerships to its clients in utility, business, authorities and residential market. For extra data, go to: https://qcells.com/us/