Key Takeaways
TOPCon efficiency started at 22.26% in 2022, with gradual adjustments leading to 22.1% by mid-2024
JinkoSolar’s 22.65% module led the segment from September 2022 until mid-2023
Major product efficiency improvements in 2023-24, including DMEGC reaching 22.6% and Tongwei pushing to 22.8%
Widespread adoption of TOPCon technology introduced more companies into the listing, driving competition and efficiency gains.
In the TOPCon segment, the efficiency range initially began at 22.26% and ended at 22.53%, with 2 products representing the lower and higher ends. The first change occurred in May 2022, when the lower limit was changed to 22.1%, again to 22.05%in August, and then to 22.19% in September 2022. It changed twice in 2023 – to 22% in April and 22.05% in June. However, in the second half of 2023, it changed twice again – going down to 22.02% in July to remain there until November, and then moving upto 22.1% in December. However, the best efficiency for TOPCon was improved only once in September to 22.65%. While the lower limit remained the same even during the first half of 2024, the upper limit increased to 22.8% in February, which remained the same over the next 4 months (see Insights On High-Efficiency Solar Modules).
In terms of product-level details, Jolywood retained its leadership until September 2022 with its 22.53% TOPCon module, which it continues to offer. However, in September, JinkoSolar, which had been offering a TOPCon module with an efficiency of 22.26% until then, launched a 22.65% efficiency product that remained at the top of the TOPConmodules listing till the end of 2023 (See TOPCon Cell Technology Gains Ground).
As the adoption of TOPCon spread wider, several companies started commercializing their products based on this cell technology. Following the chronological order, Qcells entered our listing in May2022 with a 22.3% TOPCon module, which remained unchanged until September 2022. However, the product was not available on the company's website for the next 2 months, and the company introduced a slightly lower efficiency product in December, at22%. It remained at this level till May 2023, while its specs were again inaccessible for the June edition. Astronergy entered our list at the same time as Qcells, with a 22.1% TOPCon module that maintained the same efficiency until February2023. Its efficiency improved to 22.4% in March2023, to 22.5% in May, followed by the next level of improvement to 22.6% in September and finally sharing the top level of 22.65% with JinkoSolar in December 2023.
DAS Solar also started offering a TOPCon module with the same 22.1% efficiency from August 2022onwards, and the listed specifications remained unchanged until March 2023. The company’s TOPCon module featured a higher efficiency of22.3% in April 2023, then increased to 22.5% in July and listed as-is from then onwards. EGing PV's22.05% efficiency product saw no changes since it entered our listing in August 2022 until June 2023, while in July the company commercialized a 22.44%product and increased it marginally to 22.45% the following month.
In September 2022, Trina Solar commercialized its TOPCon module with 21.9% efficiency, which did not undergo any changes till March 2023. However, the company’s top TOPCon product featured 2 upgrades in the next 3 months – 22.3% in April and 22.5% in June, which continued till the end of the year. JASolar was the last entrant to our TOPCon listing during 2022 with a module of 22.4% efficiency, which was reflected in our October listing and remained so until March 2023, and featured with a slightly higher efficiency of 22.5% from April 2023 onwards.
In 2023, DMEGC was the first new company to enter the TOPCon segment in June with 22.45%. In July, 5companies were added with their TOPCon products, all featuring above 22% efficiency. Qn-SOLAR, Suntech, and GCL-Si maintained their efficiencies of 22.45%, 22.4%, and 22.3%, respectively, without changes until December. Runergy, entering with22.4%, improved to 22.5% in December, while SolarSpace, initially at 22.02%, upgraded to 22.45%in the same timeline.
URECO joined in August with 22.45% efficiency, which remained the same until the end of the year. In October, Yingli and CECEP joined with 22.36% and22.1%, respectively, and their efficiencies remained unchanged for the next 2 months (see Trends In Solar Module Efficiencies).
DMEGC joined in at the 22.5% level in January2024, where a bulk of 6 TOPCon products were already listed in December 2023, increasing the count to 7. DMEGC has increased its best TOPCon module’s efficiency by 0.05% from the December level of 22.45%. In February, Tongwei raised the bar for TOPCon module efficiency to 22.8%, breaking the 22.65% level that JinkoSolar attained for the first time in September 2022. In March, Astronergy’s top TOPCon module also reached the same level, but jumping from the previous highest 22.65% level. DMEGC also improved its product’s best efficiency to 22.6% from 22.5%. In May, there were 2 changes in the TOPCon section for TOP SOLAR MODULES: EGing improved the efficiency from 22.45% to 22.5%and Kalyon’s TOPCon module entered our list with an efficiency of 22.38%.
The TaiyangNews TOP SOLAR MODULES H1/2024 Report summarizes the key findings from over 30 editions published during 2022 and H1/2024. Download the free report here.
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