Pingshan photovoltaic industry makes progress

On Oct. 29, Pingshan-based Laplace Renewable Energy Technology Co., Ltd. was listed on the Science and Technology Innovation Board of Shanghai Stock Exchange. On the same day, Shenzhen S.C New Energy Technology Corporation and Woer Heat-shrinkable Material, also based in Pingshan, were named to the 2024 Guangdong Top 100 Private Manufacturing Enterprises list.

Rooftops for photovoltaic power generation in Pingshan District. Photo from Pingshan Release

The three companies’ achievements highlight Pingshan’s growing prominence as a vital manufacturing hub for photovoltaic and energy storage solutions. With Pingshan’s photovoltaic cell equipment commanding an impressive 80% market share nationally and a notable 60% globally, a wave of innovative companies in the district are spearheading breakthroughs in the photovoltaic cell equipment field.

Pingshan is home to more than 300 new energy storage companies, including BYD, Yaoshi Lithium Battery, and Capchem, covering the whole industrial chain of battery materials, cell modules, control systems, system integration, components and production equipment. In addition, Shenzhen’s 20-billion-yuan new energy storage industrial fund has catalyzed the launch of several projects in Pingshan, underpinning the district‘s burgeoning energy storage sector.

Furthermore, BTR Group founded a new energy technology research institute in Pingshan three years ago, concentrating on new materials R&D and industrial incubation for sodium ion and solid-state batteries. Li Zikun, the institute’s president, said: “Pingshan offers significant opportunities for advanced energy storage enterprises due to its comprehensive industrial ecosystem. Our primary clients are based here, prompting us to focus on expanding our presence in Pingshan.”

Last year, Pingshan District also forged a partnership with Yaoshi Lithium Battery and Kunpeng Capital to develop next-generation electrochemical energy storage industry. Additionally, the Chinese Academy of Sciences’ Institute of Physics is collaborating with Pingshan District to launch an energy storage innovation center and a sodium-ion battery project.

Amid these advancements, abundant rooftop space in Pingshan allows for widespread adoption of photovoltaic power generation by a wealth of industrial and commercial factories, reducing enterprise electricity expenses and fostering a sustainable, low-carbon environment for the district‘s development.