JinkoSolar Supplied Residential Storage Solutions to SolarToday

Rhea-AI Summary

JinkoSolar, a leading solar module manufacturer, announced its subsidiary, Jinko Solar Denmark, has supplied high voltage residential storage solutions to SolarToday for the DACH and Benelux regions from June 2024. Frank Niendorf, JinkoSolar's VP for Europe, highlighted the growing European distributed generation market, emphasizing the strategic partnership with SolarToday to foster growth in the PV and ESS markets. SolarToday's CEO, Tom Engbers, expressed pride in partnering with JinkoSolar, noting their technological leadership and joint ambitions in the solar energy market, focusing on PV generation, ESS storage, and EV usage.

Positive

• JinkoSolar has entered a strategic partnership with SolarToday for the DACH and Benelux regions, expanding its market reach.
• The collaboration aims to capitalize on the growing distributed generation market in Europe, potentially leading to increased sales and market share.
• JinkoSolar's high voltage residential storage solutions are now available in new regions, potentially boosting revenue.
• JinkoSolar is recognized for its technological leadership, which may enhance its reputation and competitive edge in the energy storage market.

Negative

• None.

MUNICH, June 20, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its subsidiary Jinko Solar Denmark has supplied high voltage residential storage solutions to SolarToday for use in the DACH and Benelux regions starting from June 2024.

Mr. Frank Niendorf, the Vice President of Europe for JinkoSolar commented, "The distributed generation market is growing impressively all over Europe, and with this collaboration with SolarToday for the DACH and BeneLux regions, we will further realize our growth ambitions for both the PV and ESS markets. In SolarToday, we have found a loyal partner with the same core values as JinkoSolar and a partner that prioritizes building longstanding relationships like we do. We want to thank SolarToday for their trust and support in bringing innovation forward to the EU markets, and we look forward to more collaboration in the future. We believe that the synergy between JinkoSolar and SolarToday will lead us to achieve our desired successes in these rapidly growing sectors of the PV industry. ''

Mr. Tom Engbers, CEO for SolarToday added, "We regard Jinko as a key partner in our Pan-EU distribution model, and this strategic collaboration on ESS markets expresses our joint ambition in terms of partnership and determination to make a real difference in the solar energy market with our focus on Generation (PV), Storage (ESS) and Usage (EV). We are very proud to partner with Jinko and expect that Jinko will take the technological leadership they demonstrated in the move to TOPCon in the module sector and apply it to the energy storage solutions.''

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to utility-scale, commercial and residential customers in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 26 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of March 31, 2024.

To find out more, please see: www.jinkosolar.com

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

View original content:https://www.prnewswire.com/news-releases/jinkosolar-supplied-residential-storage-solutions-to-solartoday-302177908.html

SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What recent collaboration has JinkoSolar (JKS) announced?

JinkoSolar has announced a collaboration with SolarToday to supply high voltage residential storage solutions for the DACH and Benelux regions starting from June 2024.

When is JinkoSolar supplying storage solutions to SolarToday?

JinkoSolar is supplying storage solutions to SolarToday from June 2024.

Which regions are targeted in JinkoSolar's partnership with SolarToday?

The partnership targets the DACH and Benelux regions.

What market is JinkoSolar aiming to grow with its partnership with SolarToday?

JinkoSolar aims to grow in the PV (Photovoltaic) and ESS (Energy Storage System) markets.

What did JinkoSolar's VP for Europe say about the partnership with SolarToday?

Frank Niendorf, JinkoSolar's VP for Europe, emphasized the growing distributed generation market in Europe and expressed confidence in achieving growth ambitions in the PV and ESS markets through the partnership with SolarToday.

How does SolarToday's CEO view the partnership with JinkoSolar?

Tom Engbers, CEO of SolarToday, sees JinkoSolar as a key partner in their Pan-EU distribution model and appreciates JinkoSolar's technological leadership and joint ambitions in the solar energy market.