苏州固锝（002079.SZ）1月7日在投资者互动平台表示，公司长期布局车规产品，是重要的利润增长 点，人形机器人项目持续推进中。 公司的参股公司苏州明皜传感科技股份有限公司积极布局人形机器 人市场，目前压力传感器产品已在头部客户小批量试产。公司的全资子公司苏州晶银新材料科技有限公 司的低温银浆目前主要应用于现有的HJT、BC、钙钛矿光伏电池组件产品，可用于砷化镓电池组件但 尚未形成销售。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：通过查询豆包，上面说你们的投资亮点有两个一是车 规级产品量产，特斯拉人形机器人IMU送样。子公司晶银是国产银浆龙头，10%银包铜浆料已量产（银 价暴涨下超吃香），钙钛矿/砷化镓电池低温银浆供货龙头。请问是否属实？ ...

格隆汇1月7日丨苏州固锝(002079.SZ)在投资者互动平台表示，公司长期布局车规产品，是重要的利润 增长点，人形机器人项目持续推进中。 公司的参股公司苏州明皜传感科技股份有限公司积极布局人形 机器人市场，目前压力传感器产品已在头部客户小批量试产。 公司的全资子公司苏州晶银新材料科技 有限公司的低温银浆目前主要应用于现有的HJT、BC、钙钛矿光伏电池组件产品，可用于砷化镓电池 组件但尚未形成销售。 ...

证券日报网讯12月24日，苏州固锝（002079）在互动平台回答投资者提问时表示，公司全资子公司苏州 晶银的低温银浆目前主要应用于现有的HJT、BC、钙钛矿光伏电池组件产品，现阶段终端客户主要为 地面光伏电站。 ...

2025年，美国光伏市场正迎来"需求爆发+产能回流"的双重拐点。AI算力扩张催生的电力缺口、降息周期提升的项目收益率，推动美国光伏装机量持续高 增，2024年达50GW，2025年预计突破60GW，年复合增长率维持20%。随着26年的到来，美国光伏本土产能将迎来更大规模的释放。 01 美国光伏市场 美国光伏市场的崛起，并非单一因素驱动，而是下游需求刚性增长与政府产业政策引导形成的共振，为本土产能扩张奠定了坚实基础。 需求端 美国可再生能源发电占比长期偏低，仅约10%，远低于全球30%的平均水平，能源结构转型空间巨大。 而近年来AI算力中心、制造业复苏带来的电力缺口，成为光伏需求的核心催化剂——数据中心24小时高负荷运行对电力的持续消耗，以及传统化石能源 发电的不稳定性，使得光伏作为清洁、可快速部署的能源形式，成为补能首选。 降息周期的到来进一步放大了需求潜力。光伏项目的内部收益率（IRR）与利率高度相关，美国进入降息通道后，项目融资成本下降，IRR显著提升，刺 激了开发商的投资意愿。 政策端 与中国相比，美国光伏制造面临"高人工、高能耗、高合规成本"的三重压力，传统技术路线难以适配本土市场，倒逼行业选择更高效 ...

Core Viewpoint - The U.S. photovoltaic (PV) market is expected to experience a "demand explosion + capacity return" by 2025, driven by AI computing power expansion and a declining interest rate cycle, leading to a projected installation capacity of over 60GW in 2025 with a compound annual growth rate of 20% [5][6]. Demand Side - The share of renewable energy generation in the U.S. is approximately 10%, significantly lower than the global average of 30%, indicating substantial potential for energy structure transformation [7]. - The demand for PV is catalyzed by the electricity needs of AI data centers and the recovery of the manufacturing sector, as these facilities operate continuously and require stable energy sources, making PV an attractive option [7]. - The arrival of a declining interest rate cycle enhances the demand potential, as the internal rate of return (IRR) for PV projects is closely linked to interest rates, leading to lower financing costs and increased investment willingness from developers [8]. Policy Side - The U.S. government is promoting domestic PV industry localization through a combination of manufacturing subsidies and trade protection measures. Although the Investment Tax Credit (ITC) for distributed projects will gradually be phased out after 2027, subsidies for manufacturing continue to support the industry [9]. - Current domestic PV capacity planning in the U.S. is set at 60-70GW, with approximately 40GW of component capacity already in operation, but a significant gap remains in battery cell production, highlighting a structural imbalance in the industry [9]. Manufacturing Challenges - U.S. PV manufacturing faces three main pressures: high labor costs, high energy consumption, and high compliance costs, necessitating the adoption of more efficient and lower-cost technology solutions [10]. - The cost structure for U.S. manufacturing is significantly higher than that of China, with labor costs being 3.5 times higher, energy costs 2.1 times higher, and depreciation costs 1.3 times higher [11]. - The shift in market focus from capital expenditure (CAPEX) to operational expenditure (OPEX) favors technologies like Heterojunction Technology (HJT), which offers superior operational efficiency compared to traditional technologies [11]. HJT Technology Advantages - HJT technology has a unique advantage in the U.S. market due to its lack of patent barriers, as its core patents expired in 2015, allowing companies to avoid patent litigation risks [15]. - The recognition of HJT technology has led to substantial capacity expansion plans, with several U.S. companies announcing HJT capacity increases totaling over 30GW by the end of 2025 [15]. Chinese Equipment Suppliers - The expansion of HJT capacity in the U.S. will benefit Chinese PV equipment manufacturers, who hold a dominant position in the global market, particularly in HJT production line equipment [18]. - Chinese equipment suppliers, such as Maiwei, have over 70% market share in HJT equipment, providing a cost-effective solution that meets U.S. environmental and technical standards [18]. - The competitive advantages of Chinese equipment include lower prices (60%-70% of overseas equipment) and faster service response times, making them the preferred choice for U.S. manufacturers [18]. Investment Focus - The clear investment theme emerging from the U.S. PV market expansion and HJT technology adoption focuses on "equipment leaders + technology support," balancing performance certainty with growth potential [19]. - Key players include Maiwei, a leader in HJT equipment with significant market share, and Aotwei, a leader in component packaging equipment, both of which are well-positioned to benefit from the ongoing capacity expansion [20]. - Supporting lines of investment include materials and technology companies that supply low-temperature silver paste and TCO targets, which are essential for HJT technology [21].