Hanwha Q CELLS, according to BusinessKorea, is shifting its strategy from research and development to rapid commercialization in the field of tandem solar cells. This strategic pivot comes, as was reported, as Chinese companies invest heavily in improving tandem energy efficiency.
Hanwha Q CELLS is reportedly set to complete the final inspection of its 40MW perovskite-tandem cell pilot line in Jincheon, Chungbuk, as early as October this year and begin trial operations. The company aims to start commercial production by 2026, believing that entering mass production ahead of China is crucial to gaining the upper hand in the market.
China's LONGi set a new world record for light conversion efficiency at 34.6% in June. In contrast, Hanwha Q CELLS' reported efficiency stands at around 30%.
"Achieving the highest efficiency and establishing a mass production system are entirely different stories," said a Hanwha Q CELLS representative. "To achieve high yield rates, data on how slight differences in material ratios, current, temperature, and noise affect outcomes are needed, and Hanwha has the most data in this area."
Hanwha Q CELLS has decided to halt its R&D competition to improve light conversion efficiency and focus on rapid commercialization. The company believes that its extensive data and experience in the field will give it a competitive edge in achieving high yield rates and establishing a robust mass production system.
