Americas leading 3-Phase string inverter maker
CPS introduced advanced 3-phase string inverters in 2012 when nearly all DG projects used central inverters. Also, CPS entered the USA when a surplus of incumbent suppliers were already in place (no one wanted another inverter supplier!).
CPS was first to evangelize 3-phase string architecture from standpoint of overall life-cycle costs including soft costs, installed costs (including BoS) and service expenses. In our first year, most resisted changing from central inverters, but today, almost no one uses central inverters for DG projects.
CPS changed the ‘cost’ game in America – CPS supply chain and engineering were able to drive costs down by 25% or more verses other active suppliers. And, year after year, with newer product’s CPS drove costs down further. CPS cost leadership led the way for inverter price reduction from approximately $0.22/W in 2012 to well under $0.10/W today. Others followed or gave up and exited the industry.
CPS is a leader of global supply chain optimization – no other Chinese headquartered inverter firm was successful in American until CPS proved that strong engineering and operations from Asia could be complemented with local USA service, applications engineering, fulfillment and support. Execution of this global supply chain is hard! But, CPS was first to prove it can be done well. Now others have followed and it is good for the USA solar industry.
CPS leadership is challenging inverter norms to help the industry. Thank you America – we are here to support you!
CPS America launched in 2012 under the umbrella of Chint Group, a $6B energy focused industrial firm – sometimes called the “GE of Asia”. CPS championed 3-phase string inverter architecture in America for commercial and industrial PV applications. The CPS line of 14-60kW inverters earned #1 market share in the USA by 2015 (GTM Research).