JA Solar launches smart energy management system
Vertically integrated solar module manufacturer JA Solar has unveiled its Nebula series smart energy management system. It includes 3 new products: the Edge controller, an edge-side data collection hardware; the SCADA, a lightweight field control and comprehensive monitoring and energy management system; and Cloud, an energy management cloud platform for commercial and industrial storage. The company says that the system is designed to provide the energy storage industry with a more economical and intelligent solution for energy management. According to JA Solar, the Nebula series boasts proprietary intellectual property and covers both edge and cloud storage applications. It seamlessly integrates with JA Solar's hardware, software, and services, achieving a digital fusion of business and technology, ensuring optimal storage system operation and interconnectivity between different energy types.
JA Solar also shared performance data from a Nebula application case: a storage station in Shanghai with an installed capacity of 900 kW/2,088 kWh has achieved over 91% cycle efficiency using Nebula products. Through peak-valley arbitrage, the station’s static payback period is only 4.2 years, with an internal rate of return of 18%.
Recently, JA Solar released a report detailing its GHG emissions for 2023, along with its goal to reduce GHG emissions by 58.8% over the next decade (see China Solar PV News Snippets).
LONGi establishes ‘world’s 1st’ distributed pilot plant for HPBC 2.0 modules
Leading solar manufacturer LONGi has officially launched the ‘world’s first’ pilot plant for HPBC 2.0 modules at the Ningxia base of the China Photovoltaic Testing Center (CPVT). This facility features distributed rooftop testing for solar modules on metal and tile roofs, providing data closely aligned with real distributed scenarios. LONGi’s HPBC 2.0 modules will undergo rigorous testing for at least one year at CPVT, after which the center will release authoritative pilot data. LONGi plans to extend testing to other distributed applications, such as carports and curtain walls, in the future.
LONGi recently announced a ‘world record’ 25.4% solar module efficiency for a C-Si module based on its HPBC 2.0 cell platform (see LONGi Announces ‘World Record’ For C-Si Solar Module Efficiency).
Maxwell among First Chinese Firms to Buy Back Shares Using Loans
Solar cell production equipment maker Maxwell Technologies has announced its intention to repurchase its outstanding RMB-denominated ordinary shares (A shares) through concentrated bidding, using either its own funds or a dedicated loan. Following the disclosure of results, the shares will be sold via bidding within 12 months. The company has allocated RMB 50 million ($7.01 million) to RMB 100 million ($14.02 million) for the repurchase, with the share price capped at RMB 120 ($16.83) per share. The company expects to repurchase up to 833,333 shares, approximately 0.3% of its stock in circulation. Notably, Maxwell will obtain a loan of up to RMB 60 million (8.41 million) from China CITIC Bank for this buyback, making it one of the first listed companies in China to use loan to fund a share repurchase.
Grand Sunergy’s revenue up 108% in Q3, profit drops 441%
Heterojunction cell and module manufacturer Grand Sunergy has reported revenues of RMB 721.51 million ($101.07 million) for Q3 2024, which is up 108.16% YoY. However, net profit attributable to shareholders dropped by 441.38%, resulting in a loss of RMB 42.93 million ($6.01 million) for Q3 2024. For the first 3 quarters, revenue rose by 17.64% year-on-year to RMB 1.066 billion ($149.31 million), with a net loss attributable to shareholders of RMB 152.37 million ($21.34 million), down 949.1% YoY. The company attributed the revenue growth to increased orders in its photovoltaic sector, while intense market competition and declining sales prices contributed to the losses.
LAPLACE lists on Shanghai Stock Exchange
Solar production equipment manufacturer LAPLACE has been listed on the Shanghai Stock Exchange under the stock code 688726. The company issued 40,532,619 shares to the public at an issue price of RMB 17.58 ($2.46) per share to raise RMB 712,563,442 ($99.84 million). Post issuance, the company’s total shares outstanding now stands at 405,326,189 shares. This listing follows the recent approval for LAPLACE to list on the STAR Market board (see China Solar PV News Snippets).