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LONGi Sets New World-Record for Silicon Solar Cell Efficiency, Launching 2nd Generation Ultra-Efficient BC-Based Module
– Innovative solar panel manufacturer announces a new record in silicon heterojunction back-contact solar cell efficiency of 27.30%, cementing its leadership in the global solar energy industry.
– LONGi also unveils its all-new Hi-MO 9 new solar module, featuring industry-leading silicon solar module conversion efficiency of up to 24.43%
MADRID, May 8, 2024 /PRNewswire/ — LONGi Green Energy Technology Co. announces that the company has broken another world-record for silicon solar cell efficiency only 4 months after it last set a world-record in this area on May 7. As certified by Germany’s Institute for Solar Energy Research Hamelin (ISFH), new silicon heterojunction back-contact (HBC) solar cells designed by LONGi have reached an efficiency of 27.30% under laboratory conditions. The new record was announced at a celebratory event where they also unveiled a new product, the Hi-MO 9. Guests at this event included LONGi’s founder and president, Li Zhenguo, Vice President Dennis She, Chief Scientist Dr. Xu Xixiang, and client representatives from across the globe.
LONGi has cemented its leadership in the global solar energy industry
The announcement represents the 17th time that the company has set a world-record in solar cell efficiency since April 2021.
The achievement has firmly established LONGi as a leader in crystalline silicon photovoltaics – the company is now the twin world-record holder both for efficiency in crystalline silicon solar cells and for efficiency in crystalline silicon-perovskite tandem solar cells. In November 2023, LONGi announced that the company had set an additional world record in the efficiency of crystalline silicon-perovskite tandem solar cells of 33.9%.
Introducing the Hi-MO 9 module
At a celebratory event held in Madrid, Spain, on the evening of the 7th of May, LONGi launched its all-new, flagship Hi-MO 9 module. The Hi-MO 9 is a solar module with capabilities of up to 660W, based on the 2nd generation Hybrid Passivated Back Contact (HPBC) solar cell technology and the TaiRay wafer, an silicon wafer launched by LONGi in March 2024, and the Hi-MO 9 module boasts a conversion efficiency up to 24.43%, built to excel in a range of tough environments (including lakes, mountains, and deserts).
Dennis She, Vice President of LONGi Green Energy Technology Co., said: “Our new Hi-MO 9 module allows world-leading power generation and outmatches other technologies on the market in an equal land-use scenario. What’s more, it retains this performance throughout its life, as the module is designed to the highest standards of reliability. Power plant owners can rest assured that a plant built from the Hi-MO 9 module will help them make the most efficient use of their land and get the most value out of sunlight.”
The panels will be produced at the company’s Jiaxing Production Base which has been recognized by the World Economic Forum as a Global Lighthouse Factory, a group of factories which have been judged to be accelerating the adoption of Fourth Industrial Revolution technologies in manufacturing.
About LONGi
Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.
Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
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