Revolutionizing the PV Industry: LONGi's Technological Breakthroughs and Strategic Expansion
Key Ideas
- LONGi achieved major advancements in BC cell technology, aiming for 60GW capacity and diversification into solar energy storage and hydrogen projects.
- The company overcame technical challenges to ensure high yields and cost-effectiveness of BC cells, projecting a significant market share increase by 2030.
- LONGi's commitment to R&D and parallel exploration of multiple technological pathways ensures continuous innovation and competitiveness in the PV industry.
- China's PV industry success is attributed to dedicated professionals and open-source technology sharing, contributing to global leadership in solar energy.
In a recent interview with Li Zhenguo, founder and president of LONGi, key insights were shared regarding the company's strategic advancements in the photovoltaic (PV) sector. LONGi has made significant progress in BC (Back Contact) cell technology, aiming to achieve a total capacity of 60GW by the second half of 2025, solidifying its position as a leader in mass-produced PV products. The company's focus on organizational efficiency and diversification beyond module manufacturing into solar energy storage and hydrogen-ammonia-methanol projects showcases a comprehensive approach to sustainable energy solutions.
Li Zhenguo highlighted the technical breakthroughs of BC cells, addressing concerns about costs and yields. The company's second-generation BC products now boast yields exceeding 98%, with cost metrics set to demonstrate competitiveness in upcoming financial reports. LONGi is confident in capturing a significant market share with BC cells projected to exceed 50% by 2030.
Moreover, LONGi's commitment to continuous innovation and exploration of alternative solutions ensures the company's competitiveness in the rapidly evolving PV industry. The interview also emphasizes China's leading position in the global PV market, attributing success to dedicated professionals and open technology sharing, enabling rapid industry-wide advancements.
With its mission to drive solar energy innovation and contribute to a green world, LONGi is at the forefront of technological advancements in the PV sector, embracing sustainable practices and expanding into green energy solutions, including hydrogen equipment, to support global efforts towards zero carbon development.