Solar technology is nothing new, but it is becoming a more popular form of energy. It originated in China where some of the largest PERC cell producers existed. More companies have jumped on the bandwagon after realizing that cleaner and more sustainable energy production is a trend that is not going away. Whether you're interested in becoming involved in solar energy production or investing in the companies that have an edge in the market, here are 5 companies leading the way in solar cell technology.
5. Jinko Solar
Jinko Solar is a Chinese holding firm that manufactures the material that is necessary for creating solar energy. In addition to producing solar cells, the business also produces modules and a variety of other related materials. Jinko Solar is one of the five top solar panel producers in the world today. It is located in the country of China and serves clients in its home country, South America, the Middle East, Europe, and the United States. The business generates annual revenue of $4.6 billion with a net of $163.1 million. The market cap for Jinko Solar is $909.9 million. It is a publicly traded company that is listed on the New York Stock Exchange under the ticker symbol TTM.
4. Hanwha Q Cells
Hanwha Q Cells is the fourth-largest producer of solar cell technology. The products that are manufactured by Hanwha Q Cells are made at a variety of their locations with international facilities in China, South Korea, the United States of America, and Malaysia. When comparing the products made by Hanwha, it is clear that this company provides a unique product They create materials for the flat panel display sector. Hanwha has a huge client base that spans Australia, Asia, North America, Europe, Africa, South America, and the Middle East. Hanwha has a huge international network of sales offering photovoltaic materials with a unique line of products including various approaches to the use of the technology that sets them apart. The company was founded in 1999 by Reiner Lemoine and is headquartered in Seoul, South Korea. It employs more than 8,500 workers. The company is a significant boost to the economy of the local area in Seoul.
3. Trina Solar
Trina Solar Co. is one of the leaders in the global production of Solar cells. The company was founded in December of 1997. Its headquarters are located in Changzhou, China with a subsidiary called Trina Solar, located in Germany. Trina Solar Co has grown to a massive size that employs 12,000 workers throughout its global facilities. Trina manufactures PV products as well as EPC and O&M. In addition to production, this firm also researches solar technology to come up with new and innovative technologies to streamline the efficiency and safety of its products. It also develops and sells a variety of micro-grid as well as multi-energy systems as complementary systems. It also specializes in energy cloud platform operations. Trina Solar is a bit more diverse in the scope of its research and production than many of the other solar tech companies out there. The owner of Trina Solar is Jifan Gao. The company is all about providing a clean energy source that uses sunlight to generate power. The company is a leader in the global provision of PV modules as well as smart energy solutions. In addition to providing PV products, it also offers applications and services for its customers. It was named one of the top 500 private enterprises in the country of China.
Tongwei Solar is a company that is dedicated to the manufacture and marketing of core solar products. It is the largest producer of crystalline silicon solar cells in the world. The firm owns four bases which are located in Hefei, Shuangliu, Meishan, and Jintang. The company was established in 2013 and completed the second phase of its Hefei base in January of 2019. It has a capacity of 7GW, with 40 production lines for poly-crystalline silicon cell production. It's one of the tops in the PV industry. Tongwei fully adopts rear passivation technology and develops and produces mono-crystalline silicon cells in an unmanned manufacturing plant that is a smart factory with a digitalized workshop. This highly interesting approach has increased efficiency and boosted the company's profitability. For those who may be eyeing Tongwei Solar as an investment, it currently accounts for 11 percent of the global market share with an overall capacity of 35 GW. On the business end of the situation, TW Solar has achieved full production status that is sustainable with sales and operations rates that have maintained this pace for 80 months at one hundred percent consecutively. The unmanned workshops have not been affected by the worldwide pandemic.
1. JA Solar Holdings
JA Solar Holdings is a large Chinese solar development company that was founded in May of 2005. It operates with JA Solar in Malaysia and several other subsidiaries. The company is headquartered in Beijing, China with Bofang Jin as executive Chairman and Peng Fang as CEO. JA designs as well as develops and manufactures solar cell and solar module products. This firm specializes in the production of silicon wafers, cells, and modules used in the creation of photovoltaic power systems. It is a global enterprise that sells its products to more than 135 countries and regions throughout the world. It has established a global sales and customer service network and has become a leader in the industry. The annual sales revenue for JA Solar Holdings is $25.8 billion with 63 GW of cumulative shipments. The firm has 330,000 clients throughout the world which makes it the largest producer of solar cells by volume. It is also one of the largest employers in the Beijing, China region with more than 25,000 workers throughout its various facilities and subsidiaries.
Written by Lily Wordsmith
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