“The signing of this agreement marks a new stage in the cooperation between our two companies and reflects our shared confidence in the long-term development of the global energy storage market,” HyperStrong co-founder and president of operation Peng Shu said.
While the announcement was light on details of the partnership, such as expected volumes or the length of the agreement’s terms, HyperStrong and SMA said they aim to promote the development of more standardised, scalable and globally adaptable energy storage solutions.
Pure-play system integrator HyperStrong sources its inverters and power conversion system (PCS) power electronics from various Tier-1 suppliers, thought to include fellow Chinese companies Sungrow and Sinexcel, as well as Europe’s SMA.
The global inverter industry is undergoing a profound transformation driven by policy and regulatory changes in the renewable energy landscape, Solar Media Market Research analyst Mollie McCorkindale wrote in a recent article for our sister site PV Tech.
These include tariffs on Chinese-manufactured goods and restrictions on eligibility for tax credit incentives in the US market. This dual pressure is creating a strong pull for domestic manufacturing of inverters, McCorkindale wrote.
This has led to SMA Solar restarting production in the US later this year through a partnership with US company Create Energy. By the end of 2026, annual inverter manufacturing capacity in the US will reach a total of 40GW, according to the analyst.
Europe is also making a policy push to reduce dependency on Chinese imports. The European Union’s Net-Zero Industry Act aims for 40% of annually deployed net-zero technology in the bloc to be manufactured domestically by 2030.
While some Chinese inverter makers, such as Sungrow, are aiming to increase European production, Chinese government export rebate cancellations will likely pose significant challenges. McCorkindale’s blog for PV Tech was based on analysis included in the quarterly PV InverterTech Bankability Ratings Report.
Another recent step taken by the EU was to ban Chinese inverters and PCS from being used in renewable energy and storage projects that receive direct funding from EU sources, based on cybersecurity concerns.
While it is likely HyperStrong’s motivation for deepening its ties to SMA will include broadening the scope of its available power electronics inventory, its partner’s status as a non-Chinese manufacturer may be a strategic advantage in the US and European markets.
HyperStrong is targeting 300GWh total shipments in the 2026-2028 timeframe, with a target of 70GWh this year, 100GWh in 2027 and 130GWh in 2028. In 2026, it expects 86% of shipments (60GWh) to be delivered in China. As reported by Energy-Storage.news in March, the system integrator achieved operating revenue of RMB11.604 billion (US$1.71 billion) in 2025 and RMB949 million net profit, increases of 40.32% and 46.49% respectively year-on-year from 2024.
SMA released its first quarter 2026 financial results earlier this month. PV Tech reported that the manufacturer reaffirmed previously issued guidance towards full 2026 revenues in the range of €1.475 billion (US$1.71 billion) to €1,675 billion and earnings in the range of €50 million to €180 million.