LED chip maker Cree 2010 Q2 earnings report released

LED chip maker Cree Inc. announced the Q4 2010 financial year 2010 Q2 financial report.

Cree's Q2 revenue in 2010 reached US$264.6 million, a 13% increase in the quarter and an annual increase of 79%, setting a historical record. The diluted earnings per share of the industry jumped from $0.18 in the same period last year to $0.55.

Cree estimates that Q3 revenue will hit another record high, rising to 2.70~280 million US dollars, and the industry's earnings per share is expected to reach 0.56~0.59 US dollars.

Hybrid Inverter

A hybrid inverter is an inverter that combines the functions of an inverter and a charge controller. Its main function is to simultaneously process the direct current generated by solar panels and the electric energy of the battery energy storage system in a photovoltaic power generation system. It converts the direct current generated by the solar panels into alternating current for power and stores the excess power in the battery so that it can continue to supply power when needed.

Main effect:

Solar power generation: Hybrid inverters convert the direct current generated by solar panels into alternating current for home, commercial, or industrial electricity needs.

Battery energy storage: The hybrid inverter is equipped with a battery energy storage system that can store excess solar power. When the Solar Panel cannot generate enough electricity, the electricity stored in the battery can continue to supply electricity to achieve a continuous power supply.

Grid-connected function: Some hybrid inverters also have grid-connected functions, that is, the excess electric energy is integrated into the grid for use by other users. This allows them to interact with the grid, be self-sufficient, and export electricity to the grid.

Differences from other inverters:

Charging control function: The hybrid inverter combines the functions of an inverter and a charge controller, and can simultaneously process the DC power of the solar panel and the DC power of the battery energy storage system, realizing the hybrid application of solar power generation and battery energy storage.

Standalone operation: Unlike microinverters, hybrid inverters can operate independently and do not require an inverter for each solar panel, so it may be more economical and convenient when the system is larger.

Applicable scenarios: Hybrid inverters are widely used in home, commercial, and industrial photovoltaic power generation systems, especially in hybrid application scenarios that require photovoltaic power generation and battery energy storage.

In general, the main function of the hybrid inverter is to convert the direct current of the solar panel and the battery energy storage system into alternating current, so as to realize the hybrid application of photovoltaic power generation and battery energy storage. Compared with other inverters, it has higher flexibility and reliability in energy management and power supply stability.

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