JinkoSolar's 182 mm TOPCon Module Reaches Highest Conversion Efficiency of 25.42%

Rhea-AI Summary

JinkoSolar (NYSE: JKS) announced a breakthrough in their N-type TOPCon solar module technology, achieving a record-high conversion efficiency of 25.42%, as verified by TÜV SÜD. The innovative module incorporates advanced technologies such as metalization enhancement, high-precision non-destructive patterning, and high-energy density hydrogen passivation. These innovations reduce internal resistance losses, significantly enhancing efficiency. This milestone demonstrates the potential for rapid mass production of the module, reinforcing N-type TOPCon's competitive edge in sustainable energy solutions.

Positive

• JinkoSolar achieved a new record conversion efficiency of 25.42% for their N-type TOPCon module.
• This efficiency was verified by TÜV SÜD, adding credibility to the achievement.
• The module incorporates various technological innovations such as metalization enhancement and high-precision patterning, which reduce internal resistance and enhance efficiency.
• The breakthrough indicates potential for the module to be rapidly introduced into mass production.
• JinkoSolar's continuous R&D investments highlight their commitment to innovation and sustainability.

Negative

• The press release does not provide specific timelines for mass production, which may concern investors looking for immediate returns.
• There is no information on the cost implications of the new technology, leaving financial impact on profitability unclear.
• The announcement lacks details on how this new efficiency will translate into market competitiveness amidst other emerging technologies.

Insights

Tech Expert

JinkoSolar's latest announcement regarding the achievement of a 25.42% conversion efficiency in its N-type TOPCon solar module is a significant technological milestone. This efficiency rate is noteworthy because it surpasses the typical efficiency of commercial solar panels, which generally range between 15%-20%. This breakthrough could make JinkoSolar's products more attractive to utility-scale solar projects and residential users seeking higher yields from smaller footprints.

The technological advancements mentioned, such as high-density module encapsulation and metalization enhancement, highlight important innovations aimed at reducing internal resistance and boosting performance. These technologies can lower the Levelized Cost of Electricity (LCOE), which is a key metric in the solar industry that measures the average cost of generating electricity over a system's lifetime. A lower LCOE makes solar energy more competitive against traditional energy sources like coal and natural gas.

Moreover, the fact that TÜV SÜD, a respected international certification body, has tested and verified these results lends credibility to JinkoSolar's claims. The positive outcome suggests that these innovations are not only theoretical but also practical and scalable for mass production. This can potentially lead to faster adoption and greater market penetration of JinkoSolar's products.

Financial Analyst

JinkoSolar's achievement in increasing the conversion efficiency of its solar modules could have substantial financial implications. Higher efficiency modules often command a premium price in the market due to their improved performance and energy output. This can translate into increased revenue and margins for JinkoSolar, especially if these modules gain rapid traction in the market.

Investors should also consider the broader market trends. The demand for renewable energy solutions is growing, driven by both governmental policies and consumer preferences for clean energy. JinkoSolar's advancements position it strongly to capitalize on this demand, potentially capturing a larger market share. Furthermore, investments in research and development (R&D) are important in the technology sector and JinkoSolar's continued focus on R&D could ensure sustained innovation and competitiveness.

However, it's important to keep in mind the competitive landscape. While JinkoSolar's technological advancements are impressive, competitors are also investing heavily in similar innovations. The ability to maintain technological leadership and effectively commercialize these advancements will be key to sustaining financial growth in the long-term.

SHANGRAO, China, June 11, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced a significant breakthrough in the development of its N-type TOPCon solar module. Tested by TÜV SÜD, the conversion efficiency for 2 m² above large-size solar modules has reached 25.42%, setting a new record again. This further reinforces our confidence that N-type TOPCon technology is the most competitive technology choice for sustainability and, as a result, has substantial growth potential.

The module incorporates a series of technological and material innovations based on N-type TOPCon solar cells, including metalization enhancement technology, high-precision non-destructive patterning technology, and high energy density hydrogen passivation technology. Coupled with advanced high-density module encapsulation technology, these innovations effectively reduce the internal resistance losses of the module and lead to a significant enhancement in efficiency. The lab result has the practical foundation to be fast introduced into mass production, and technically set the direction for mass production of subsequent advanced products.

Dr. Hao Jin, CTO of JinkoSolar Co., Ltd., commented, "Thanks to our talented R&D team, we have achieved another breakthrough in module conversion efficiency, leveraging our accumulated experience and continuous efforts in N-type technology R&D. We will continue to invest in R&D innovation and mass production capabilities and contribute to building a greener and more sustainable new energy structure with high-efficiency and reliable N-type product."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to utility-scale, commercial and residential customers in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 26 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of March 31, 2024.

To find out more, please see: www.jinkosolar.com

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

View original content:https://www.prnewswire.com/news-releases/jinkosolars-182-mm-topcon-module-reaches-highest-conversion-efficiency-of-25-42-302169529.html

SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What is the highest conversion efficiency achieved by JinkoSolar's N-type TOPCon module?

JinkoSolar's N-type TOPCon module has achieved a record-high conversion efficiency of 25.42%.

When was the new conversion efficiency of JinkoSolar's N-type TOPCon module announced?

The new conversion efficiency was announced on June 11, 2024.

Which company verified the conversion efficiency of JinkoSolar's N-type TOPCon module?

TÜV SÜD verified the conversion efficiency of JinkoSolar's N-type TOPCon module.

What technological innovations are included in JinkoSolar's N-type TOPCon module?

Technological innovations include metalization enhancement, high-precision non-destructive patterning, and high-energy density hydrogen passivation.

What is the potential of JinkoSolar's new module in terms of mass production?

The new efficiency milestone has a practical foundation for fast introduction into mass production.

How does JinkoSolar's new module affect internal resistance losses?

The new technologies used in the module effectively reduce internal resistance losses.