Hefei: A rooftop power plant in Indonesia with a total installed capacity of 418 kilowatts is converting solar energy into electricity to provide energy for underground bottled water plants.

As one of the key components of the power plant, the inverter comes from the Chinese renewable energy company Sungrow Power Co., Ltd., located in Hefei, the capital of Anhui Province in eastern China.

As one of the participants of the Fourth World Manufacturing Conference held in Hefei from November 19th to 22nd, Sungrow is one of the Chinese manufacturers that play an important role in promoting the global energy transition.

"We have established branches in 20 countries and regions, and our products have been exported to 150 countries and regions. As of June this year, the global inverter equipment installations exceeded 182GW," said Xu Yiguo, senior manager of Sungrow.

According to a report released this year by the International Energy Association (IEA), China is the largest manufacturer of key clean energy technologies such as solar panels and electric vehicle batteries.

It owns 70% of the world's electric vehicle battery manufacturing capacity, and its solar photovoltaic (PV) capacity has increased more than any other country.

Another participant of the World Manufacturing Conference, battery manufacturer Gotion Hightech Co., Ltd. brought their latest lithium batteries and energy storage equipment.

"As a key component of new energy vehicles, our batteries have been exported to the United Kingdom, India, the Netherlands and other countries." Zhang Yang, senior manager of the marketing department of Guoxun Hi-Tech, said that their overseas revenue has reached 168 million yuan in the first half of this year. Yuan (approximately 26 million US dollars), a year-on-year increase of 102%.

Zhang said that in order to ensure a stable supply to the global market, the company has built a complete industrial chain from lithium mines to battery recycling.

Achieving carbon neutrality and promoting the energy transition depend on a major acceleration of clean energy innovation.

China is becoming a world leader in clean energy innovation: Since 2015, China's public spending on low-carbon energy research and development (R&D) has increased by 70%.

The IEA report stated that China accounts for nearly 10% of patent activity for renewable energy and electric vehicles.

"We have been in technological innovation and have applied for more than 3,100 patents so far. The cost of photovoltaic power generation has fallen due to innovation, and in some countries it is even lower than that of thermal power, which has promoted the installation of photovoltaic power plants worldwide." Xu Yiguo of Sungrow.

Guoxun Hi-Tech is also investing heavily in research and development. "We have built six R&D platforms around the world, and cooperated with well-known universities to cultivate R&D talents. In 2020, R&D investment will reach 696 million yuan." Zhang said.

In addition to product exports, Guoxun Hi-Tech also cooperated with an Indian vehicle company to build a battery factory in India and a new energy production base in Europe.

"We must not only introduce products to other countries, but also introduce our technology to other countries, which is also an important way to accelerate the world's energy transition," Zhang said.