Recently, Anhui Huasheng New Energy Technology Co., Ltd. (hereinafter referred to as "Huasheng New Energy" or the "Company") officially completed a series B financing of more than 2 billion yuan. This round of financing was led by CNBM New Materials Fund, followed by Wuxi Gold Investment Zhiyuan, Chuanghe Xin Material Manufacturing Transformation and Upgrading Fund (SDIC-Xiamen Tungsten Industry Fund), GLP Yinshan Capital, Richu Capital and other institutions, and Hefei Industry Investment, Kungang Capital, Nuoyan Capital, Puhua Capital, Jiuyi Capital and other old shareholders continued to raise. This round of financing will be mainly used for the expansion of high-efficiency heterojunction (HJT) cell and module production capacity and continuous R&D investment.
As a global leader in the field of heterojunction, Huasheng New Energy focuses on the development, application and large-scale production of HJT cells and modules, with the world's first heterojunction (HJT) production capacity, and is also the first enterprise in the field of heterojunction (HJT) to synchronously integrate the R&D and industrialization technology of the whole industry chain of silicon wafers-cells-modules. After the completion of this financing, Hua Sheng New Energy will continue to improve technology research and development and continuously achieve rapid increase in production capacity. The company firmly believes that solar PV will significantly change the energy structure and reshape the energy strategic landscape. Among them, heterojunction (HJT), as a new generation of photovoltaic cell platform technology, will bring cell and module products with better performance, leaner process and more efficient application to the photovoltaic industry, promote the technological iteration and transformation and upgrading of the photovoltaic industry, and contribute key core technical forces to achieve "carbon peak and carbon neutrality".
Far Away: Strategic Empowerment of Diversified Top Investment Institutions
Huasheng Phase II battery production line
This round of financing has been supported by strategic investment from many top investment institutions, including the following:
- Industrial background investment institutions: CNBM New Materials Fund, Chuanghe Xin Materials Manufacturing Transformation and Upgrading Fund (SDIC-Xiamen Tungsten Industry Fund), GLP Yinshan Capital, etc.
- Local government investment platform: Hefei Production and Investment, Wuxi Golden Investment Zhiyuan, etc.
- Well-known financial investment institutions: Richu Capital, Kungang Capital, Nova Capital, Priceway Capital, Jiuyi Capital, etc.
The successful completion of this financing reflects the market's full recognition of the development prospects of heterojunction technology and Huasheng New Energy as a leading heterojunction enterprise. With the financial support of top investment institutions and the industrial synergy and strategic support, Huasheng New Energy will continue to steadily expand production capacity, continue to increase investment in R&D, strengthen the construction of high-tech talents, and accelerate the industrialization and marketization of efficient heterojunction technology.
Riding the waves: the company's team and partners
Working together to create "Huasheng Speed"
Huasheng Shandong Weifang 50MW agro-solar complementary project
Huasheng New Energy has been established less than three years ago, standing at the threshold of a century of changes, the company's team has worked hard and forged ahead. With the care and support of governments at all levels and industrial partners, the company has made rapid development and breakthrough achievements in technology research and development, manufacturing, operation and management, and has achieved the fastest construction, fastest production, highest efficiency and the most shipments in the field of heterojunction, creating an exciting "Huasheng speed".
- In July 2021, the monolithic efficiency of the company's HJT battery exceeded 25.26%, tying the world record.
- In November 2021, the Company completed a series A financing of RMB800 million and launched the expansion of 2GW of HJT cells and modules in Xuancheng, Anhui Province.
- In September 2022, the Company's 5GW high-efficiency heterojunction cell and module intelligent manufacturing project in Dali, Yunnan Province was announced.
- In September 2022, the Company's 7.5GW high-efficiency heterojunction silicon wafer-cell-module industry chain project in Xuancheng, Anhui Province was announced.
- In October 2022, the company's 5GW heterojunction intelligent manufacturing project in Wuxi, Jiangsu Province announced the start of construction.
- In October 2022, the company successfully obtained the "National High-tech Enterprise" certification.
- At the end of December 2022, the cumulative shipment of the Company's heterojunction products exceeded 1GW.
- In January 2023, the average efficiency of mass production of the company's single-sided microcrystalline HJT cells reached 25%; The flagship product: Himalaya G12-132 mass-produced heterojunction module output power of up to 715W.
- In January 2023, Xuancheng Phase III 182 double-sided microcrystalline heterojunction cell production line equipment began to move in.
- In January 2023, the company's Hefei project signed a contract, and the 5GW cell and module project will start construction soon.
Direct hanging cloud sail: the pace of multi-place expansion is timely
On September 29, 2022, Huasheng Xuancheng's 7.5GW heterojunction whole industry chain project started
Huasheng New Energy has continuously achieved breakthroughs in production capacity layout. At present, the company has formed a multi-place production capacity layout headquartered in Xuancheng, Anhui, Dali base, Wuxi base and Hefei base, and continuously realized product upgrading and continued to maintain a solid foundation leading in the industry.
Huasheng New Energy continues to drive industrial chain integration and technological upgrading through large-scale mass production, and with the support of financing funds, the company will steadily promote the investment and construction of production bases in various places, and continue to invest resources in technological breakthroughs and product polishing. In the face of the strong demand for ultra-high power photovoltaic modules in the global market, the company plans to put into production capacity of 15GW in 2023, becoming the world's first company with an effective heterojunction production capacity of more than 10GW+, and a planned shipment of more than 4GW in 2023, which will provide the market with a more stable and long-term supply of heterojunction modules.
Foresight: Investment institutions are firmly optimistic about the development of the company
Huasheng Phase II module production line
Guo Hui, general manager of CNBM New Materials Fund, the lead investor of this round, said: "HJT) battery technology has many advantages such as high conversion efficiency and large cost reduction space, and is expected to rapidly develop into a new generation of mainstream battery technology. As a leading enterprise in the field of global heterojunction, Huasheng New Energy brings together the industry's top technical and management teams, leads the photovoltaic industry revolution with technological breakthroughs, and promotes the leapfrog development of conversion efficiency in the era of photovoltaic parity with industrial chain innovation, which is an innovation representative in China's photovoltaic industry. We highly recognize the team's scientific research ability, industrialization ability and entrepreneurial spirit, and are honored to work together with Huasheng New Energy to continue to support Huasheng New Energy to accelerate technological innovation and industrial layout in the future. As the world's largest comprehensive building materials industry group, the world's leading developer of new materials and a comprehensive service provider, CNBM Group has an industry-leading layout of new energy materials and services. CNBM New Materials Fund, as a professional and dedicated new materials industry fund initiated by China National Building Materials Group and a number of leading enterprises, will continue to increase the layout of the new energy field, fully implement the green development strategy, and firmly help achieve the dual carbon goal.
Liu Ming, executive vice president of Chuanghe Xin Material Fund, said: As the representative of the third generation of photovoltaic cells, heterojunction cells give the photovoltaic industry greater imagination space and will lead a new revolution in the photovoltaic industry. Huasheng is the pioneer and leader of heterojunction, we highly recognize the R&D and industrialization capabilities of Huasheng team, Chuanghe Xin Material Fund as an industrial side strategic investment in Huasheng New Energy, adding a strong touch to the layout of the fund in the photovoltaic industry, the two parties will jointly give full play to the industrial advantages to help the rapid development of the heterojunction industry, and jointly promote the industrial application of tungsten wire in the ultra-thin silicon wafer cutting of heterojunction.
Dongfang Hao, Chairman and Managing Partner of GLP Hidden Hill Capital, said: With the rapid development of the photovoltaic industry, HJT is expected to replace PERC as one of the next generation mainstream routes. As a leading entrepreneurial enterprise in the domestic HJT industry, the team led by its founder Dr. Xu Xiaohua has rich industrial experience, and has been deeply engaged in the field of HJT and thin-film batteries for many years, and has been innovating around materials, processes and equipment in the upstream and downstream of the industry, and constantly exploring leading technical paths to reduce costs and increase efficiency. As a practitioner of carbon neutrality, GLP has always insisted on closely combining intelligent asset operation and management with new energy technology innovation, and Hidden Mountain Capital will combine GLP's global logistics infrastructure and new energy industry ecological resources, cooperate and cooperate with Huasheng in the international development of overseas development, hoping to accompany the company to grow into a leading photovoltaic enterprise in the HJT era.
The previous round of leading investor Hefei Production and Investment This round of heavy weight, general manager Jiang Xin said: As a key industry, the application and industrialization of new technologies such as reducing costs and increasing efficiency are the key areas of our layout. As a leading enterprise in the field of heterojunction high-efficiency cells and modules, Huasheng New Energy has an excellent team, leading development and outstanding advantages. Anhui Hefei and Xuancheng are both G60 Yangtze River Delta key cities, in order to deepen cooperation, as a strong starting point for local state-owned assets to practice industrial investment, Hefei Industry and Investment and Xuancheng jointly led the investment in Huasheng New Energy Series A, this time together with Feixi State-owned Assets continue to increase investment in Series B, help enterprises increase R&D investment, expand production capacity in the province, further play their leading advantages, promote the integration of science and technology, industry, finance and the realization of the dual carbon goal, and practice a new way of high-quality development. In the future, Hefei Industry and Investment will continue to support the development of enterprises, deepen industrial cooperation, grow together with enterprises, and be a fellow traveler working together.
Message from the Chairman
Chairman of Huasheng New Energy Xu Xiaohua
Xu Xiaohua, chairman of Anhui Huasheng New Energy Technology Co., Ltd., said: In 2022, the N-type technology represented by heterojunction and TOPCON officially opened the first year of industrialization. As a firm promoter and leader of the heterojunction technology route, Huasheng has made significant progress this year: with a production capacity of 2.7GW, a capacity under construction of more than 10GW, and a cumulative shipment of more than 1GW, ranking first in the industry; Module power continues to refresh the world record, put into production single-sided microcrystalline heterojunction 2.0, research and development of double-sided microcrystalline heterojunction 3.0, layout copper plating, HBC and perovskite tandem cells, the introduction of ultra-thin silicon wafers, mass production of optical transfilm, silver-clad copper, 0BB technology, we have always been at the forefront of heterojunction technology innovation!
Huasheng's post-investment valuation is close to 10 billion, many well-known industrial investment institutions, central enterprises, national funds and financial investment institutions have become new shareholders of Huasheng, many of Huasheng's old shareholders have also continued to invest, as well as the strong increase of Wuxi government and Hefei government, thank the new and old shareholders for their firm recognition of heterojunction technology and full support for Huasheng!
In 2023, we will witness the cost of HEPC flattening of heterojunction technology, and HJT will quickly complete the last few key steps from 0 to 1 and begin to enter the huge scale expansion from 1 to N! As the banner bearer of heterojunction technology, Huashengding will continue to focus on technological innovation, unswervingly promote the marketization and commercialization of heterojunction, and provide our customers with photovoltaic products with the best power generation performance and the best investment income!
Disclaimer: The above content is reproduced from OFweek solar photovoltaic network, and the content posted does not represent the position of this number.