Risen Energy Ranks in Top 5 of Global PV Module Manufacturers
Recently, Wood Mackenzie, an international renowned consulting firm, released its 2023 annual ranking of global solar photovoltaic (PV) module manufacturers. In this highly anticipated list, Risen Energy, a leading provider of smart energy solutions, secured a spot in the top 5 with an impressive overall score of 78.0. This recognition underscores Risen Energy's robust manufacturing expertise, vertical integration, and high capacity utilization, affirming its strong competitiveness and brand influence in the global PV market.
For the ranking Wood Mackenzie assessed 30 manufacturers worldwide based on nine criteria: manufacturing experience, manufacturing capacity, vertical integration, capacity utilization, technological maturity, research and development, financial status, compliance with Environmental, Social, and Governance(ESG), and Corporate Social Responsibility(CSR), and third-party certifications. Risen Energy's top five placement highlights the company's exceptional performance across these dimensions.
Cell and Module Capacity Reaches Approximately 27GW and 35GW
As a top-tier global PV manufacturer, Risen Energy has been deeply involved in the PV sector for over two decades. By the end of 2023, Risen Energy had established effective capacities of approximately 27GW for cells and 35GW for modules at its production bases in Chuzhou (Anhui), Jintan (Jiangsu), Yiwu (Zhejiang), Ningbo (Zhejiang), Malaysia, and Baotou (Inner Mongolia). Furthermore, ongoing projects, such as the “15GW n-type ultra-low carbon and high-efficiency HJT cell and 15GW solar module project” in Ninghai (Zhejiang), the “4GW high-efficiency solar cell and 6GW solar module project” in Jintan (Jiangsu), and the “10GW high-efficiency solar cell project” in Chuzhou (Anhui), will further bolster Risen Energy's production capabilities. And the company maintains a daily single-line output over 342,000 pieces across these bases with a yield rate of 99.6%.
One of Only Two Fully Vertically Integrated PV Companies
In terms of vertical integration, Risen Energy completed its business layout covering silicon ingots and wafers in 2023. This enabled the company to establish a fully vertical integration model spanning from industrial silicon, polysilicon, and ingot pulling to cells, modules, and downstream applications. Wood Mackenzie noted that out of 12 module manufacturers on the list,8 have achieved self-sufficient cell capacity. Risen Energy is one of only two manufacturers with full vertical integration from polysilicon to modules.
740 Proprietary Patents Bolster Core Competitiveness
Technologically, Risen Energy had obtained 740 proprietary patents by end of 2023, with 172 new patents granted that year. As a pioneer in n-type heterojunction technology, Risen Energy held 104 heterojunction patents by the end of 2023. With mature technology, Risen Energy’s innovative HJT Hyper-ion modules, based on the 210+ heterojunction platform, can achieve a maximum power output of 767.38Wp and a conversion efficiency of 24.7%, the highest in the field. Furthermore, these modules boast a low carbon footprint of 376.5kg eq CO₂/kWc, setting a new industry standard for low-carbon value.
Exemplary ESG Practices Highlight Corporate Responsibility
Risen Energy excels in ESG practices. According to its first ESG report, Risen Energy maintains strict compliance, information security, and optimal environment practises, with zero incidents of information security breaches or labor violations for three consecutive years. Additionally, Risen Energy actively promotes green energy and strives to reduce operational energy consumption, with clean energy usage reaching 31,320,210kWh in 2023, an increase of 9.4% year-over-year, and saving 46,157,372kWh of electricity, equivalent to reducing carbon emissions by 27,694 tons and planting approximately 369,259 trees. Risen Energy also emphasizes sustainable supply chains, consistently achieving 100% CSR assessment compliance for all primary material suppliers over the past three years.
Risen Energy stated that it will continue to focus on technological innovation and market diversification. By increasing R&D investment, the company aims to develop higher-efficiency PV solutions to adapt to the global transition in energy structures.
