The State Power Investment Corporation (SPIC) recently announced the results of its 2024 evaluation for qualified photovoltaic (PV) cell and module suppliers. Huasun Energy, a leading company in high-efficiency heterojunction (HJT) solar technology, has been successfully selected for inclusion in this prestigious list. This recognition underscores Huasun’s exceptional HJT product capabilities, proven track record in practical applications, and strong reputation in the market.
HJT Technology Endorsed by China’s State-Owned Enterprises
SPIC’s newly released supplier list includes 82 companies for N-type TOPCon/P-type PV cell and module supply, as well as 11 companies for N-type HJT/tandem PV cell and module supply. Huasun’s inclusion highlights SPIC’s recognition of the company’s pioneering role in HJT technology and affirms the strength of its HJT products.
As a representative of new quality productive forces in the contemporary PV sector, HJT technology has been gaining increasing market attention in recent years. To date, the dedicated bidding capacity for HJT, including ongoing and upcoming projects, is approaching 30GW. The establishment of a separate bidding category especially for HJT further demonstrates the high importance that state-owned enterprises, led by SPIC, place on the HJT industry. This move not only reflects their deep trust in the market potential of HJT but also underscores their firm commitment to its development.
With its excellent product performance and market reputation, Huasun has gained the favor of several large state-owned enterprises this year, including China Huaneng, China Datang, and SPIC. Leveraging its robust HJT capabilities, Huasun is accelerating the large-scale market application of HJT technology.
Market-Oriented: HJT Poised for Growth
As the demand for PV products with higher conversion efficiency and longer lifespans continues to grow, N-type technology is showing strong development momentum. According to industry statistics, the share of N-type modules in domestic bidding ground-mounted PV projects has rapidly increased from less than 5% last year to nearly 40% as of July this year, indicating a continuous rise in acceptance of N-type technology.
New high-efficiency solar technologies, represented by HJT, are gradually entering large-scale mass production, driven by the maturity of manufacturing processes and ongoing cost optimization. Through in-depth research and development, continuous product upgrades, and the integration and promotion of HJT platforms like “Collaborative Platform for HJT Industrial Innovation” and “740W+ High Efficiency HJT Club”, HJT is establishing itself at an unprecedented pace as a core technology in the high-efficiency PV cell market.
According to the China Photovoltaic Industry Association (CPIA), the market share of HJT solar cells is expected to grow from 2.6% in 2023 to 34.3% by 2030, positioning HJT as a cornerstone of the future PV industry.
Innovation-Driven: Huasun Poised to lead HJT Market Transformation
Jimmy Xu, Huasun’s Chairman and CEO, stated, “Huasun is not the only company in the HJT field, but our goal is to keep leading the industry.” As the first company to simultaneously integrate the entire HJT value chain—from specialized silicon wafers and cells to modules—Huasun has achieved self-surpassing innovation. The company has increased HJT product power output from 475W to 750.54W and improved cell efficiency from 24.5% to over 26%. Through continuous challenges and breakthroughs, Huasun is driving HJT technology innovation with its leading technical expertise and product performance.
According to the China Photovoltaic HJT Industry Development White Paper released by SOLARZOOM New Energy Research Institute in June this year, Huasun has maintained the highest HJT cell production capacity in the industry since 2021. Currently, Huasun’s annual HJT production capacity has reached 20GW, playing a crucial role in leading and driving the large-scale industrialization and market commercialization of HJT technology.
As the industry faces increasingly fierce competition, Huasun will continue to refine HJT technology, strengthen its innovation capabilities, and provide high-efficiency HJT products and solutions that deliver high returns and excellent cost-effectiveness to global customers. With its strong product performance and outstanding service reputation, Huasun is set to steer the HJT industry towards a broader, greener future, contributing significantly to the achievement of carbon neutrality goals.
