Zhejiang Shangyue New Energy Development Co., Ltd.

Shangyue Photoelectric Technology Co., Ltd. was established in April 2010, mainly engaged in the research and development, sales and production of flexible thin-film solar cells, optoelectronic technology and equipment; after-sales and consulting services, etc.; it is a provider of new-generation photovoltaic technology system solutions. The company was founded by a group of overseas high-level talents returning to China collectively. The scientific research team includes internationally renowned scientists, senior technical R&D engineers from the former Bell Labs, and senior engineers from well-known enterprises such as Seagate and IBM. With the rich experience and superb development capabilities of the scientific research team in developing new nano-crystalline material formulations, system process equipment, heat treatment technology, laser processing technology, non-destructive testing, and industrialization of new materials and new energy, the company has successfully developed a new generation of flexible CIGS (copper indium gallium selenide) thin-film solar cells, whose core technology is in the leading ranks. The product has been certified by the Photovoltaic and Power Testing Center of the Chinese Academy of Sciences, with a photoelectric conversion efficiency of 18%, and the photoelectric conversion efficiency of mass-produced finished modules is above 12%. It is expected that after reaching gigawatt-scale production, the final price of the battery products will be 1/5 of that of traditional solar cells, close to the price of coal power, and highly competitive in the market. The company simultaneously implements the strategy of producing one generation, developing one generation, and reserving one generation, and has also reserved leading next-generation thin-film solar technologies such as advanced CsSnI and copper mesh imprinting. The company has always spared no effort in promoting the transformation of scientific research achievements. It now has a modern production base of about 100,000 square meters and complete flexible thin-film solar cell production equipment and all production supporting facilities, with mature production processes and a sound management mechanism, and has passed the ISO9001:2008 quality management system certification. Different from the glass substrate production process of traditional CIGS solar cells, our pioneering stainless steel substrate roll-to-roll coating process can truly achieve standardized large-scale mass production of flexible CIGS thin-film solar cells. Shangyue Photoelectric is a leader in the photovoltaic field, focusing on the research, development and production of flexible copper indium gallium selenide thin-film solar cells suitable for multiple fields. As currently the only manufacturer in Asia capable of mass-producing flexible CIGS cells, it always adheres to the path of independent innovation. Compared with competitors, Shangyue's greatest advantage lies in: First, it adopts the A+B model, that is, using leading flexible CIGS patented technology plus introducing overseas high-level talent teams to achieve localized production. By mastering core technologies (holding more than 30 invention patents in the United States and China, covering raw materials, production processes, product applications, etc.), it continuously promotes cost reduction and efficiency improvement in China. Second, in terms of development strategy, it is different from the trade cooperation of traditional photovoltaic enterprises. Shangyue, together with partners, subdivides industries, develops various cooperation models such as agency, crowdfunding and crowdsourcing in various product fields, and gradually establishes industry application development centers according to regions, forming an open cooperative alliance, running through the entire manufacturing, application development, and brand promotion, forming complementary advantages and mutual promotion, and becoming a comprehensive operator of the entire photovoltaic industry chain.