The IPO of Shenzhen-based PV inverter supplier Growatt has been approved by the Listing Committee of the Hong Kong Stock Exchange. Growatt may seek to raise about $1 billion through the IPO. If the listing plan is successfully implemented, it will be the fourth largest IPO project on the Hong Kong Stock Exchange.

Founded in 2011, Growatt is an enterprise focusing on sustainable energy generation, storage, consumption and energy digitalization. The company designs, develops and manufactures photovoltaic inverters, energy storage systems, smart energy management systems, etc., and reaches global users through leading sales channels.

Growatt firmly implements the development strategy of continuous technological innovation and drives sustainable growth, and always adheres to technological innovation and R&D investment. It has successively established R&D centers in Shenzhen, Xi'an and Huizhou to provide users in different countries and regions with professional distributed energy solutions. Program. Adhering to the globalization strategy, the company has successively established 41 marketing service outlets in more than 20 countries and regions, including Germany, the United States, the United Kingdom, Australia, Thailand, India, and the Netherlands, to provide localized services to global customers.

Today, Growatt's business covers more than 160 countries and regions around the world, connecting about 1.5 million households and industrial and commercial end users around the world through the distributed energy ecosystem created by the interactive cloud platform. According to Frost & Sullivan's report: In 2021, Growatt has jumped to become the world's third largest supplier of photovoltaic inverters, ranked by shipments of household photovoltaic inverters and user-side energy storage inverters ranked first in the world.

Source: Soochow Photovoltaic Circle