At the recently concluded SNEC PV+ 17th (2024) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition, TaiyangNews Managing Director Michael Schmela interviewed Huasun Chairman & CEO, Jimmy Xu, in an exclusive conversation as part of TaiyangNews & SNEC 2024 – Solar Leadership Conversations.
Leading a prominent name in the solar industry, Xu shared insights into Huasun's rapid rise and the significant advancements in HJT (Heterojunction) solar cell technology.
"Huasun is a young company, but our commitment to manufacturing the best solar product in the world has driven our success," said Xu. He added, "We focus on the highest efficiency, best output, lowest cost per watt, and highest reliability."
One of Huasun's key strategies has been to create a technology-sharing platform. Launched last year, this platform collaborates with over 150 companies to enhance HJT efficiency and reduce costs. This initiative has turned Huasun into a central hub for HJT innovation.
"From the first day of Huasun, we created a technology-sharing platform," Xu explained. "We have almost 150 companies working together to increase efficiency and lower costs. Every new piece of HJT equipment, material, and process is tested at Huasun for mass production."
Xu highlighted the importance of tackling challenging projects to achieve long-term success. His journey with HJT began in 2011, and his mentor, Dr. Wang, started working on HJT R&D in 2000.
"Sometimes you have to do the difficult job, not the easy job, especially if you want to go further and longer," Xu emphasized.
HJT technology offers unique advantages, including high bifaciality, which allows for better light absorption and higher power generation compared to traditional PERC and TOPcon technologies. Xu pointed out that 1 W HJT can generate 6% more power than 1 W PERC and 3% more than 1 W Topcon, making them a compelling choice for various applications.
"People often think HJT is a high-cost product, but it is actually a high-efficiency, low-cost product," Xu noted. "We have demonstrated that we can achieve almost the same cost as PERC and TOPCon. HJT's superior performance in real-world applications leads to better investment returns for users."
Despite the current market projections, Xu remains optimistic about the future growth of HJT technology. He believes before the rise of tandem based on HJT and PERC, HJT will capture almost 30% of the total market share by 2027, significantly increasing from the anticipated lower than 8% for this year.
Huasun's commitment to innovation and collaboration sets a promising example for the solar industry. As more companies begin to invest in HJT, the technology is poised to revolutionize solar power efficiency and cost-effectiveness, paving the way for a brighter and more sustainable future.
Watch the full interview with Huasun, Chairman & CEO, Jimmy Xu on the TaiyangNews YouTube Channel.