Summary of Perovskite Solar Cell Industry Conference Call Industry Overview - The perovskite solar cell industry is experiencing rapid advancements, with significant breakthroughs in efficiency and production capabilities [1][2][4]. Key Points and Arguments Efficiency Breakthroughs - Single-junction perovskite solar cells have achieved remarkable efficiency, with the Chinese Academy of Sciences reporting a conversion efficiency of 27.2% [1][2]. - West Lake University has addressed MA residue issues, achieving a conversion efficiency of 26.1%, maintaining 95% efficiency after 1,000 hours of continuous sunlight [1][2]. - Hainan University has reached a steady-state efficiency of 27.3% [1]. - Flexible perovskite solar cells from Shanghai Jiao Tong University have achieved 20.3% efficiency, while a collaboration with CATL has produced large-scale components exceeding 20% efficiency [1][2]. Production Expansion - 2025 is identified as the year of mass production for perovskite solar cells, with companies like GCL and Jidian already capable of seasonal production [1][4]. - GCL's production line in Kunshan has begun producing large-sized components, while Jidian's line in Wuxi is set to start mass production in February 2025 [4]. - Other companies, including CATL and Renesola, plan to launch production lines in 2026 [4]. Market Size and Investment - The perovskite solar cell market is projected to reach 95 billion RMB by 2030, necessitating improvements in efficiency, stability, and cost [1][5]. - Investment for a G-level production line is estimated at 500-800 million RMB, which is higher than the 120-450 million RMB for traditional crystalline silicon cells [5]. New Application Scenarios - The development of space-based applications for perovskite solar cells is highlighted, with both China and the U.S. investing in commercial space initiatives [1][6]. - China plans to establish a GW-level space data center, relying on lightweight, efficient, and rapidly formed flexible perovskite components [6][7]. - Traditional silicon components are deemed unsuitable for space applications due to their weight and low energy density, while perovskite cells offer advantages such as flexibility and self-healing capabilities [7][8]. Industry Chain Development - The perovskite industry chain is still in its early stages, with 2025 marking the beginning of industrialization [3][9]. - Key companies with technological barriers include Jiejie Weichuang, Jingshan Economic, and Aolaide, which are positioned to play significant roles in the market [9][10]. Future Market Trends - Despite current challenges such as process mismatches and overcapacity in the silicon market, the future of the photovoltaic market may shift towards technology-driven growth if component prices stabilize [11]. - Emerging technologies, including perovskite materials, are expected to gain traction and drive industry progress [11].

据各公司官网，国内目前已有极电光能、协鑫光电、纤纳光电、仁烁光电等多家初创公司积极布局钙钛 矿太阳能电池及组件领域。2025年2月，极电光能全球首条准GW级产线投入量产，预计每年可产出180 万片钙钛矿光伏组件；同月，仁烁光能GW级钙钛矿项目启动仪式在江苏常熟举行，预计2026年初投 产；2025年6月，协鑫光电GW级基地在江苏昆山正式投产，成为全球首个GW级钙钛矿叠层组件生产基 地；此外，纤纳光电准GW级钙钛矿产线也计划于2026年初投产。 钙钛矿太阳能电池是指以钙钛矿结构(ABX3)为吸光层的新型有机-无机杂化太阳能电池。钙钛矿太阳能 电池具备优异的电学和光学性能，成本低廉且制备简单。据美国可再生能源实验室，在晶硅电池已经接 近其理论效率极限29.4%的情况下，钙钛矿电池可以轻松实现更高的光电转换效率，与晶硅制备成叠层 电池后有望实现45%的效率上限。因此钙钛矿太阳能电池也被认为是最有应用前景的下一代光伏技术。 当前钙钛矿组件成本偏高，但规模化和技术迭代降本空间较大。 该行测算当前钙钛矿光伏组件的单位材料成本合计约为0.95元/W，其中FTO导电玻璃和背板玻璃分别占 材料成本的45%/18%，是材料成本的 ...

Core Viewpoint - The report from CITIC Securities indicates that the resolution of technical issues and increasing end-user demand are expected to accelerate the capacity expansion of BC batteries [1] Group 1: Technology and Product Development - Longi Green Energy recently held a BC 2.0 launch event, introducing the upgraded Hi-MO 9 module, which is expected to achieve a mass production efficiency of 24.8% and a comprehensive power output of 670W [1] - Compared to TOPCon modules, the new product represents an improvement of 1.5% in efficiency and an increase of 40W in power output, which will enhance energy generation by 8-11% and reduce BOS costs by 11-22 cents/W [1] Group 2: Market Outlook and Investment Opportunities - BC technology is viewed as the most promising next-generation photovoltaic technology, with a favorable industrial environment emerging [1] - Leading BC battery module companies are accelerating their capacity expansion, with expectations for BC to experience rapid growth from 1 to 10 by 2025 [1] - Investment opportunities are suggested in the areas of battery modules, equipment, and auxiliary materials [1]