EnergyTrend has learned that on July 28, Fortune China released the 2026 Fortune Global 500 list. It is reported that the combined total revenue of the companies on the 2026 Fortune Global 500 list reached approximately $43.1 trillion, accounting for more than one-third of the global GDP and representing an increase of about 3.2% compared to last year.
The revenue threshold for entering the list increased from $32.2 billion to $33.2 billion, up 3% from a year ago. The combined net profit of all listed companies grew significantly by about 14% year-on-year to approximately $3.4 trillion. Both the total assets and total net assets of the 500 listed companies reached historical peaks since the inception of the Fortune Global 500 rankings.
Driven by the continuous expansion of the global new energy market, the photovoltaic (PV) and energy storage industries have become critical components of the energy sector. Multiple Chinese companies active in the PV and energy storage sectors made their way into the 2026 Fortune Global 500 list:
- Huawei (Ranked 81st globally):Up 2 spots from last year. The core operations of its Digital Power division encompass smart PV inverters, grid-forming energy storage systems, and PV-storage solutions, primarily supplying equipment and system services for power plants and energy storage projects.
- BYD (Ranked 91st globally):Rank unchanged from last year. Its business spans new energy vehicles, power batteries, PV products, and energy storage systems, establishing a comprehensive new energy industrial ecosystem. BYD remains one of the main global suppliers of residential and utility-scale energy storage systems.
- CATL (Ranked 260th globally):Jumped significantly by 43 spots from last year. Leveraging rapid growth in energy storage cell shipments and technology premium, CATL emerged as one of the most profitable core new energy suppliers on this year's list.
- Tongwei Group (Ranked 464th globally):Up 15 spots from last year. Focused on the PV manufacturing industry chain, its core products include high-purity crystalline silicon, solar cells, and modules, with extended supporting operations in energy storage.
In addition to private tech giants, several large state-owned energy central enterprises also made the list:
Including State Grid (3rd), PowerChina (104th), China Southern Power Grid (86th), China Energy Investment Corporation (CHN Energy) (108th), China Energy Engineering Corporation (Energy China) (234th), State Power Investment Corporation (SPIC) (271st), China Huaneng Group (285th), China Huadian Corporation (366th), and China Datang Corporation (456th). Leveraging their foundations in power grid operations, power generation, and engineering construction, they continue to advance the implementation of large-scale renewable energy base PV and integrated energy storage projects.
Regarding overseas new energy enterprises, Tesla and LG Chem entered the list:
- Tesla (Ranked 116th):Down 10 spots. Beyond its new energy vehicle business, it focuses on large-capacity and distributed energy storage markets via Megapack / Powerwall energy storage systems and Solar Roofs.
- LG Chem (Ranked 499th):Primarily supplies energy storage batteries and utility-scale ESS equipment.
It is worth noting that China possesses a well-rounded PV and energy storage industrial ecosystem. Beyond those listed in the Fortune Global 500, leading domestic companies across the PV and energy storage supply chain—such as LONGi , JinkoSolar, Trina Solar, Sungrow , and EVE —were all selected for the concurrent Fortune China 500 list.
Source：EnergyTrend
