Hanwha Q Cells achieves the No. 1 market share of residential-commercial solar modules in the US

Hanwha Solutions’ solar solution division Hanwha Q CELLS achieved the No. 1 market share in the US residential and commercial solar module market in the third quarter.

According to a survey released by Wood McKinsey, a global energy consulting organization on the 23rd, Hanwha Q CELLS recorded 27.4% share in the US residential solar module market in the third quarter, ranking first for nine consecutive quarters. In the US commercial photovoltaic module market, it maintained the No. 1 position for 4 consecutive quarters with a market share of 22.2%.

Despite the aftermath of Corona 19, the installed amount of residential solar facilities in the U.S. in the third quarter was about 738 MW, similar to last year.

The total amount of installation has rather increased. Bloomberg New Energy Finance, a market research firm, announced that the number of residential solar installations in the U.S. installed until July this year increased by 21% compared to the same period last year.

Hanwha Q CELLS products meet the strict standards of American consumers through thorough quality control. Products released after 2~3 times the quality test of international standard quality standards boast excellent stability and excellent performance.

Last month, it was the first in the industry to be certified in the quality inspection of new solar modules by TUV Rheinland, a global verification organization. In this inspection, short-term and long-term reliability evaluation of the module, field sampling inspection, and raw and subsidiary materials inspection were conducted.

The product line that obtained certification in the evaluation of new modules is the Q.PEAK DUO series launched by Hanwha Q CELLS this year, and this product achieved the No. 1 market share of solar modules in advanced energy markets such as the US, Germany, and Japan It is a core product line that has been made possible and is actively sold in Korea.

The key is that the QPeak Duo uses Q.ANTUM DUO Z technology to remove the space between cells, arrange more cells in the same area, and significantly increase the output.

In January of this year, Hanwha Q Cells established a vision of becoming a’total energy solution company’, and then the solar solution business that combines solar power and energy storage (ESS), the solar power plant development business, and direct sales of electricity to consumers. It is promoting the electricity sales business.

In August, it is preparing to enter the decentralized energy solution market by acquiring US energy software company’Growing Energy Labs (GELI, Jelly)’.

Hanwha Q CELLS President Kim Hee-cheol said, “Achieving the first place in the US residential and commercial markets, which prefers high-efficiency and high-quality products, is an indication of the brand power of Hanwha Q CELLS.” We will accelerate our targeting of the premium solar market.”

Meanwhile, Hanwha Q CELLS has been recognized for its high brand recognition outside the United States.

In Korea, it was selected as an award-winning company in the’Global Best Company’ category for 3 consecutive years at the ‘2020 Korea Consumer Awards’ hosted by the Korea Consumer Association in September.

In August, it was selected as the No. 1 in the electric industry at the’Highest Reputation Award’ hosted by the leading German economic magazine’FOCUS MONEY’.In March, the German’Life & Living Awards 2020 )’It was recognized as a luxury brand, ranking first in the solar power field.

In addition, it has been awarded the Top Brand PV in Europe for 7 consecutive years and 5 consecutive years in Australia, which is selected by EuPD Research, a solar power research institute, by evaluating its brand value.