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GRES 2025: Sungrow Unites Experts on How Innovation is Powering a Sustainable Future

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Sungrow’s GRES was an insightful opportunity for leading experts across the globe to exchange thoughts on pivotal topics toward a sustainable future.The event covered a broad range of topics, relevant to technological innovation, market trends, and safety in renewable energy.

HEFEI, China, April 11, 2025 /PRNewswire/ — Reaffirming its commitment to supporting global partners and driving the transition to a sustainable future, Sungrow successfully hosted the Global Renewable Energy Summit (GRES) 2025 on April 7–9. Under the theme “Innovation that Inspires Sustainability”, the summit welcomed global experts, partners, and stakeholders to explore cutting-edge developments shaping the renewable energy industry.

Driving Innovation: New Products and Technologies Unveiled

“Innovation is our DNA. It drives our breakthroughs, inspires our solutions, and defines our future,” said Jack Gu, Vice Chairman of Sungrow. At the summit, Sungrow launched its latest innovations in solar and storage sectors, along with an industry-leading white paper on grid-forming technologies.

A highlight was the 1+X 2.0 Modular Inverter, tailored for utility-scale applications. The inverter provides increased modularity compared to the previous version, with a more scalable block design from 800kW to 9.6MW. It enables stable operation without derating at temperatures up to 50 degrees Celsius and boasts AI-driven fault detection and advanced grid-forming capabilities, The inverter meets high demands for superior performance, maximum availability, and enhanced reliability.

Also introduced was PowerStack 255CS, a liquid-cooled energy storage system for commercial & industrial (C&I) markets. Equipped with advanced 314Ah battery cells, it offers flexible power capacities—257kWh (2-hour system) or 514kWh (4-hour system)—along with over 90% round-trip efficiency and a 20-year design life. Fully integrated with PCS, EMS, and BMS, and certified under stringent global safety standards such as UL9540 and NFPA855, the system ensures seamless operation across a wide range of scenarios: including C&I standalone ESS, PV plus ESS, EV chargers plus ESS, and microgrids.

Sungrow also unveiled its Stem Cell Grid-Forming Tech 2.0 White Paper, a milestone in ensuring grid security and reliability from a systematic perspective. As power grids evolve, this groundbreaking technology positions Sungrow at the forefront of a more resilient and sustainable energy infrastructure.

Energy Transition: Progress and Gaps

The global transition from fossil fuels to renewables is accelerating, driven by the urgency to mitigate climate change and achieve net-zero emissions. “Global clean energy equipment trade keeps rising,” said Dr. Ali Izadi, Head of APAC Research at BloombergNEF.

Renewables accounted for over 90% of global power additions last year, with 585GW of new capacity. Yet the pace is still insufficient to meet the COP28 goal of tripling global renewable power capacity to over 11 TW by 2030. Tarig Ahmed, Regional Programme Officer of MENA region, International Renewable Energy Agency (IRENA), voiced this concern, urging collective action to close the gap.

Breakthroughs in PV and Energy Storage

Technological innovation is essential to drive deep decarbonization. Professor Kashem Muttaqi from the University of Wollongong pointed out that innovative sustainable energy technologies for future electricity grids are essential, including grid-forming technology, smart power devices, development trends of inverter and energy storage systems, and flexible application scenarios.

Key sessions covered a range of energy storage topics, including Sungrow’s advancements in grid-forming technology which is Sungrow’s answer to the future power grid, and the impressive PowerTitan 2.0 large-scale burn test, showcasing the latest developments on the BESS safety. 

The summit spotlighted successful ESS case studies, including the Bramley 331MWh ESS project by BW ESS and the Saudi Arabia 7.8GWh ESS project by AlGihaz Holding. The Bramley ESS project achieved commercial operations from grid energization in two weeks, while the 7.8GWh ESS project set records with production-to-deployment in two months – redefining speed in grid-scale energy storage applications.

The Net Zero Scenario requires multiple technologies to succeed. Professor Pavol Bauer from Delft University of Technology emphasized the role of multi-technology integration—source-grid-load-storage energy hubs—in shaping a more flexible and resilient energy system. Experts also discussed the future potential of virtual power plants (VPPs), EV charging, and green hydrogen as part of a connected, low-carbon ecosystem.

Distributed Energy Solutions on the Rise

As the demand for clean, decentralized energy grows, distributed generation systems—typically installed close to the point of use—are gaining momentum worldwide. These systems provide efficient, localized energy solutions that contribute to grid flexibility and energy independence.

Sungrow remains at the forefront of this transformation. Its distributed energy solutions already serve over 4 million residential, commercial, and industrial users worldwide. At the summit, Sungrow demonstrated its comprehensive strengths across product innovation, marketing strategy, and service excellence. With a robust and continuously expanding product portfolio, the company is committed to enhancing efficiency, safety, and reliability. At the same time, Sungrow supports its partners with global marketing resources and expertise, as well as a responsive service network, ensuring long-term growth and mutual success.

Distributors attending the summit also shared valuable perspectives on navigating the evolving distributed energy landscape, highlighting the importance of continued collaboration.

Another milestone at the summit was the official launch of the Sungrow Foundation, an initiative dedicated to promoting ecological sustainability through professional expertise. With the mission of “Gathering goodwill for a better world”, the Foundation will focus on four key areas: ecological environment improvement, community development, popular science & education support, as well as emergency response & disaster prevention.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world’s most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 180 countries, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com.

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SOURCE Sungrow Power Supply Co., Ltd.

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Electro-Sensors, Inc. Announces First Quarter 2025 Financial Results

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MINNETONKA, Minn., May 12, 2025 /PRNewswire/ — Electro-Sensors, Inc. (NASDAQ: ELSE), a leading global provider of machine monitoring sensors and hazard monitoring systems, today announced financial results for the first quarter ended March 31, 2025.

First quarter revenue of $2,239,000Gross Margin of 48.4%Cash and investments of approximately $10.0 million

Unaudited; in thousands, except per share data

Q1 FY25

Q1 FY24

Change

Net Sales

$

2,239

$

2,244

(0.2)

%

Gross Margin

48.4

%

48.1

%

30

Bps

Operating Loss

$

(169)

$

(100)

(69.0)

%

Operating Margin

(7.6)

%

(4.5)

%

(310)

bps

Income (Loss) Before Income Tax Benefit

$

(81)

$

16

(606.3)

%

Income (Loss) Per Share (diluted)

$

(0.02)

$

0.00

(100.0)

%

“We are pleased to report first quarter revenue of $2,239,000, down 0.2% from the prior-year period,” said David L. Klenk, Electro-Sensors’ president.  “The decrease was driven primarily by reduced sales of HazardPROTM wireless product sales, partially offset by an increase in sales of wired sensor products.”

A full analysis of results for the period ended March 31, 2025 is available in the Company’s Form 10-Q, which is available on the Company’s website at www.electro-sensors.com or through the Securities and Exchange Commission’s Edgar database at www.sec.gov.

Electro-Sensors, Inc.

Consolidated Statements of Income

For the Quarter Ended March 31, 2025 and 2024 (unaudited)

(in thousands except share and per share amounts)

Three Months Ended March 31

2025

2024

Net sales

$

2,239

$

2,244

Cost of goods sold

1,155

1,164

Gross profit

1,084

1,080

Operating expenses

1,253

1,180

Operating loss

(169)

(100)

Non-operating income

88

116

Income (loss) before income taxes

(81)

16

Benefit from income taxes

(17)

5

Net income (loss)

$

(64)

$

11

Income (loss) per share – diluted

$

(0.02)

$

0.00

Average shares outstanding – diluted

3,449,021

3,428,021

 

Electro-Sensors, Inc.

Consolidated Balance Sheets

March 31, 2025 and December 31, 2024

(in thousands)

March 31

December 31

2025

2024

Assets

(unaudited)

Current Assets

Cash and investments

$

9,974

$

10,004

Trade receivables, net

1,505

1,309

Inventories, net

2,010

1,964

Other current assets

250

197

Total current assets

13,739

13,474

Deferred income tax asset, long-term

460

501

Property and equipment, net

887

910

Total assets

$

15,086

$

14,885

Liabilities and Stockholders’ Equity

Current Liabilities

Accounts payable and accrued expenses

$

786

$

552

Total current liabilities

786

552

Stockholders’ equity

Common stock

344

344

Additional paid-in capital

2,391

2,360

Retained earnings

11,565

11,629

Total stockholders’ equity

14,300

14,333

Total liabilities and stockholders’ equity

$

15,086

$

14,885

About Electro-Sensors

Electro-Sensors, Inc. is an industry leading designer and manufacturer of rugged and reliable machine monitoring sensors and wireless/wired hazard monitoring systems applied across multiple industries and applications. These products improve processes by protecting people, safeguarding systems, reducing downtime, and preventing waste. Electro-Sensors is proud to be an ISO9001:2015 quality certified company and is committed to providing excellent customer service and technical support. Founded in 1968 and located in Minnetonka, Minnesota, Electro-Sensors provides its loyal customers with reliable products that improve safety and help plants operate with greater efficiency, productivity and control.

Cautionary Statement Regarding Forward Looking Statements

This press release may include statements about possible or anticipated future financial performance, business activities, plans, or opportunities.  These forward-looking statements may include the words “will,” “should,” “believes,” “expects,” “anticipates,” “intends” or similar expressions.  For these forward-looking statements, the Company claims the protection of the safe harbor for forward−looking statements contained in federal securities laws.  Forward-looking statements reflect the company’s current views with respect to future events and financial performance and include any statement that does not directly relate to a current or historical fact.  These forward-looking statements are subject to a number of factors, risks and uncertainties, including those disclosed in our periodic filings with the SEC that could cause actual performance, activities, plans, or opportunities after the date the statements are made to differ significantly from those indicated in the forward-looking statements.

For more information please visit our website at: www.electro-sensors.com. Also look us up on:
LinkedIn: linkedin.com/company/electro-sensors-inc-
X: x.com/ESIsensors
Facebook: facebook.com/ElectroSensors

 

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SOURCE Electro-Sensors, Inc.

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Audit Peak Successfully Completes AICPA Peer Review

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NEW YORK, May 12, 2025 /PRNewswire/ — Audit Peak, an NYC based CPA firm specializing in IT audits, cybersecurity, and risk advisory services, proudly announces the successful completion of its recent peer review under the American Institute of Certified Public Accountants (AICPA) Peer Review Program.

 

Compliance at Its Peak

The peer review, an evaluation mandated for firms providing attest services, is a rigorous assessment of a CPA firm’s system of quality control in accordance with the AICPA’s professional standards. It serves as an independent affirmation of a firm’s uncompromising commitment to industry-leading practices and its proven ability to consistently deliver precise, trustworthy, and high-quality services to clients. Audit Peak received a “Pass” rating, the highest possible outcome, demonstrating the firm’s dedication to excellence in accounting and auditing practices and its adherence to the SOC standards set by the AICPA, the national professional organization of CPAs.

“Achieving a successful peer review is a significant milestone that reflects our dedication to upholding the highest standards of quality and integrity,” said Chevorne Lewis, Compliance Officer at Audit Peak. “This accomplishment reinforces our team’s unwavering commitment to delivering exceptional compliance and audit solutions for organizations of all sizes and industries. Our clients can trust that every audit and SOC report we deliver meets the most rigorous professional standards in the industry—perfectly aligning with our mission of delivering Compliance at Its Peak.”

As Audit Peak continues to expand its reach and elevate its compliance offerings, this achievement further cements its reputation as a trusted leader in audit and risk advisory services. Clients can have full confidence in the firm’s expertise, track record of delivering exceptional results, and relentless commitment to integrity and professional excellence.

About Audit Peak

Audit Peak was founded and is operated by former PwC, EY, and KPMG professionals, delivering Big 4–level audit expertise with the agility and client-focused service of a boutique firm. The firm’s consultants have led hundreds of audits across industries and geographies, for organizations ranging from emerging startups and small businesses to Fortune 100 enterprises with workforces exceeding 200,000 employees. Audit Peak’s expertise spans both legacy environments and modern cloud platforms such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).

The firm offers a comprehensive range of audit and compliance services, including SOC 1, SOC 2, HIPAA, NIST CSF, Agreed-Upon Procedures, MARS-E, Publication 1075, NIST 800-53, FISMA, GDPR, and GLBA audits. Audit Peak’s successful peer review reinforces its position as the trusted partner of choice for organizations seeking excellence in audit and compliance solutions.

For more information about Audit Peak and its services, please visit https://www.auditpeak.com.

Access Audit Peak’s Peer Review Report.

Media Contact:
Chevorne Lewis
Compliance Officer
Audit Peak
Email: compliance@auditpeak.com
Phone: 212-740-PEAK

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SOURCE Audit Peak

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Jeff McElfresh to Update Shareholders at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 13

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DALLAS, May 12, 2025 /CNW/ — Tomorrow, AT&T’s chief operating officer will participate in a fireside chat where he will discuss the Company’s multi-year strategic growth plan.

Key Takeaways:

AT&T reiterates full-year 2025 financial and operational guidance.AT&T is pursuing a multi-year strategic growth plan that centers around putting customers first, continued network investment and increased capital returns to shareholders.

Jeff McElfresh, chief operating officer, AT&T Inc. (NYSE:T), will speak tomorrow at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference where he will provide an update to shareholders.

AT&T’s multi-year strategic growth plan will substantially advance its progress on becoming the best connectivity provider in America. The Company continues to differentiate its position within the connectivity industry by increasing its opportunity to serve customers how they want to be served, by one provider with fiber and 5G in a converged manner.

The wireless market remains both healthy and competitive, with the Company’s Mobility business continuing to perform in-line with the trends and expectations outlined during its first quarter 2025 earnings call.

In Consumer Wireline, the Company continues to expand access to AT&T Fiber – America’s fastest internet with the most reliable speeds.1 Trends in AT&T Fiber penetration rates remain consistent, with net adds varying from quarter to quarter based primarily on the pace of new fiber locations passed, seasonality and marketplace dynamics.

For the second quarter 2025, the Company continues to expect capital investment* in the $4.5 billion to $5 billion range and free cash flow* of approximately $4 billion.

AT&T reiterates all full-year 2025 financial and operational guidance. Additionally, the Company continues to operate the business to achieve the financial plan and capital returns outlined at its 2024 Analyst & Investor Day

AT&T remains committed to repurchasing shares under the previously announced $10 billion authorization, with plans to repurchase at least $3 billion of common stock by year-end and the remainder during 2026.

Full conference details are posted on the AT&T Investor Relations website, including a replay of the webcast. To automatically receive AT&T financial news by email, please subscribe to email alerts.

1 Limited availability in select areas. Based on analysis by Ookla® of Speedtest Intelligence® data nationwide Speed Score and Consistency Score for Q3–Q4 2024. Ookla trademarks used under license and reprinted with permission.

Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise. This news release may contain certain non-GAAP financial measures. Reconciliations between the non-GAAP financial measures and the GAAP financial measures are available on the company’s website at investors.att.com.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

© 2025 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

 

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SOURCE AT&T

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