China Photovoltaic Industry Association: Space photovoltaic technology is still in the early stages of exploration and verification

"Currently, space photovoltaic technology is still in the early stages of exploration and verification, and it is too early to determine a clear technical direction." On February 4th, Liu Yiyang, Executive Secretary-General of the China Photovoltaic Industry Association, stated this to media outlets such as Jiemian News. In the past two days, driven by research news from Elon Musk's team, the space photovoltaic concept has once again ignited the market. Liu Yiyang noted that the space photovoltaic concept has indeed "caught fire" beyond its original circle, creating a stir in both the capital market and the tech community. In the A-share photovoltaic sector, concept stocks have repeatedly hit the daily limit, and multiple brokerage research reports suggest that heterojunction (HJT) and perovskite technologies are suitable for application in space. These reports resonate with each other, triggering unprecedented fluctuations in the capital market; domestic companies are also expressing their intentions to lay out plans, with topics like "trillion-dollar blue ocean" and "the next photovoltaic revolution" being thrown around. However, he emphasized that regardless of how any technical route evolves, the realization of these technologies relies on one premise—mature, replicable efficient manufacturing capabilities and a long-term reliable verification system. According to analysis from the China Photovoltaic Industry Association, in terms of practical application, gallium arsenide (GaAs) batteries, with their high conversion efficiency and excellent radiation resistance, remain the mainstream choice for current commercial space and space stations. Although their costs are high, they have undergone long-term on-orbit verification and are highly reliable. In contrast, the heterojunction (HJT) perovskite technology, which is highly favored by the capital market, is more based on the "cost reduction logic" proposed by individual financial institutions, and the actual products are still in the early stages of laboratory or verification, far from large-scale commercialization. It can be seen that the association believes that the current industry's enthusiasm for new technologies is more limited to brokerage research reports and capital operations, and the industry should focus more on practical research and development in foundational areas. "If significant breakthroughs are achieved in commercial space transportation in the future, and the cost of entering orbit is further reduced, then the Chinese photovoltaic industry chain, which has extreme cost advantages and large-scale manufacturing capabilities, will face tremendous opportunities," Liu Yiyang stated. The China Photovoltaic Industry Association stated that whether breakthroughs are achieved by Chinese or foreign companies in the commercial space sector, Chinese photovoltaic companies should be encouraged to leverage their advantages in photovoltaic cell manufacturing and actively seek cooperation with leading global commercial space enterprises to seize emerging market shares. This not only showcases China's absolute technological and cost advantages in photovoltaic manufacturing but also avoids giving overseas photovoltaic companies the opportunity to "overtake on a bend" in this emerging niche field. On February 4th, Jiemian News learned exclusively from industry insiders that last week, Musk's team researched several Chinese photovoltaic companies, including TCL Zhonghuan (002129.SZ), JinkoSolar (688223.SH), and Jingcheng Machinery (300316.SZ). This evening, GCL Group also confirmed to Jiemian News that a team from Musk's company inspected GCL Group and learned about GCL's granular silicon and perovskite business layout. As a result of the above news, the photovoltaic and space photovoltaic concepts strengthened across the board. On the same day, Jingcheng Machinery, Shuangliang Energy, and other stocks issued announcements regarding abnormal stock trading fluctuations, warning of market risks Jingsheng Mechanical & Electrical stated that recently, the capital market's attention to concepts such as "space photovoltaic" has been continuously rising, and related sectors are showing high market enthusiasm. Currently, the application scenarios of "space photovoltaic" are still in the exploratory stage, and the industrialization process still faces uncertainties. Jingsheng Mechanical & Electrical reminds investors not to blindly chase market hotspots, to make decisions cautiously, and to invest rationally, avoiding investment risks caused by concept speculation. Shuangliang Energy Saving indicated that "space photovoltaic" is still in the technical exploration and ground verification stage, with significant uncertainties in its commercialization path, cost structure, and on-orbit operation and maintenance system. It has not yet formed an industrial closed loop that can be scaled, and has no substantial contribution to the company's current performance. It also reminds investors not to blindly chase market hotspots. Liu Yiyang stated that in the long term, this direction is worth paying attention to. From the application scenario perspective, ground applications remain the cornerstone and are continuously expanding towards more complex and integrated directions. We believe that the future focus of photovoltaic application scenario expansion will be on special environments such as plateaus, islands, and deserts, which require photovoltaic products with higher reliability and adaptability. In integrated scenarios, the multi-integration system of "photovoltaic + energy storage + hydrogen energy" will become the standard configuration to address the volatility of renewable energy. Risk Warning and Disclaimer The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial conditions, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investing based on this is at their own risk.