New energy generation
① New energy generation
The United Nations Framework Convention on Climate Change in 1992, the Kyoto Protocol in 1997, and the Paris Agreement in 2015 are the three major milestone international conventions on climate change in human history, and consensus has been reached on energy conservation and environmental protection.

Photovoltaic power generation is a green and low-carbon lifestyle. In recent years, global photovoltaic power generation system installations have shown a trend of increasing year by year, with a global photovoltaic installed capacity of 300GW in 2016. The total installed capacity of China is 77.42GW, followed by Japan, the United States, and Germany. By 2050, photovoltaic power generation will account for 50% of global electricity generation. The number of newly built global solar power plants has significantly increased.
Usually, solar panels are connected in series to generate the required voltage and form a "photovoltaic module" of several megawatts of electricity, which is then integrated into the grid. All photovoltaic modules can be connected in parallel with multiplexed inverters. A solar power plant requires thousands of solar panels, and engineering personnel must monitor the performance of the entire equipment to ensure the safe and efficient operation of the photovoltaic system.

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The CTS series products launched by Xici Technology, including the STK-616 series and STK-HD series, have a place in the application of micro inverters due to their low cost, small size, and high frequency response.
Article source: Photovoltaic Micro Inverter_ Baidu Baike (baidu. com)
② Household energy storage inverter
Driven by both policy support and economic improvement, energy storage has shown an accelerating trend in the past two years.
1) In terms of policies, overseas countries such as the United States, Portugal, and Japan have introduced multiple policies and documents to support the development of energy storage business. On the one hand, they provide certain subsidies for energy storage projects, and on the other hand, they regulate industry development and relax industry access areas.
2) In terms of economy, with the advancement of battery technology and cost reduction, the cost of energy storage has significantly decreased. We expect the cost of energy storage systems to decrease from 1.78 yuan in 2019 to 1.16 yuan in 2025. In the long run, after the cancellation of energy storage subsidies, the economic improvement of energy storage systems is the core support for the long-term growth of energy storage demand.
The high growth rate of energy storage business can be maintained in the long term. The global household energy storage market has a space of over 2000GWh, with only 20GWh of global energy storage shipments in 2020.
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