LONGi ranks 2022 Forbes China Top 50 Most Innovative Companies -LONGi

【Xi’an, China December 19, 2022】On December 8, the 2022 Forbes China Innovation Summit was successfully held in Shanghai. With the theme of "Global Innovation Pionner", this summit brings together guests from well-known enterprises and investment institutions to discuss new technologies and new trends of global innovation in the new era. LONGi Green Energy Technology Co., Ltd. (LONGi) was selected into the list of "2022 Forbes China Most Innovative Companies" by virtue of its scientific and technological innovation in the new energy photovoltaic field.

Zhang Zhichen, Chairman of Forbes China, attended the event and delivered an opening speech. He said that innovation is the strategic support for building a modern economic system and the fundamental driving force for promoting enterprise development. Forbes China will always focus on innovation, continue to track innovative and growing enterprises in all fields, and bring the latest information in the global innovation field.

The renewal rate of this year's shortlisted enterprises exceeded 50%, and more technological breakthroughs and visions were achieved in photovoltaic, energy storage and power batteries, semiconductors, software services, medicine and other fields. The innovation of Chinese enterprises lies in seizing opportunities and markets, and launching the right products at the right time, so as to give full play to the advantages of innovation.

With the significant reduction of photovoltaic electricity cost, more countries and regions around the world, especially developing countries and less developed countries and regions, can enjoy affordable clean energy. As of December 2021, LONGi has provided photovoltaic modules and photovoltaic power station project support to more than 30 poor communities around the world. For example, through photovoltaic power generation, water pumps are driven to lift water, so that the desert areas far away from the grid can meet the demand for irrigation and domestic water.

On November 2, 2022, LONGi launched its new generation photovoltaic module product Hi-MO 6 online and offline, to meet the arrival of the global "Terawatt Era" and accelerate the energy transformation. The Hi-MO 6 includes four series—Explorer, Scientist, Guardian, and Artist—all of which are in the standard M10 size (182mm) and are available in 72C, 66C, 60C, and 54C types. The module’s aesthetic appeal evokes the minimalist style of modern industrial design and naturally complements a wide variety of application scenarios.

The continuous reduction of Levelized Cost of Energy (LCOE) is inseparable from the constant pursuit of solar cell conversion efficiency. Since 2021, LONGi has broken the world record of multiple solar cells conversion efficiency for 12 consecutive times. At the 16th China International New Energy Exposition (NEX 2022) in Xi'an, LONGi released news that the company's research and development team had made a major breakthrough. According to the latest certification report of Hamelin Solar Energy Research Institute (ISFH) in Germany, the conversion efficiency of silicon heterojunction (HJT) solar cells independently developed by LONGi reached 26.81%. This is the latest world record since the Japanese company set a single crystal silicon solar efficiency record of 26.7% in 2017.

Constantly breaking new records of silicon solar cell efficiency confirms LONGi's determination to continuously focus on photovoltaic technology research and development and promote the progress of the new energy industry. Since 2012, LONGi has invested 16 billion in research and development, and has held more than 1800 patents. In July this year, LONGi Central Research Institute, known as the "photovoltaic brain", was officially put into use in Shaanxi Province. It is currently the most advanced solar cell research and development center in the world, and will bring more leading photovoltaic technology products to the global market.

With PV gradually becoming the most economic main power supply and the formation of the consensus on green and low-carbon development of the whole society, the photovoltaic industry has entered a new stage of diversified development. In the future, LONGi will always take " making the best of solar energy to build a green world " as its mission, adhere to the brand concept of "Steadfast and Reliable, Technology Leadership", commit itself to scientific and technological innovation and promote the global energy transformation, and help realize the sustainable development of the world and all mankind.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of 'making the best of solar energy to build a green world', LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com