TaiyangNews held a grand online meeting on "Solar Market 2024 Review & 2025 Outlook". Representatives of photovoltaic companies, experts from authoritative institutions, and scholars from relevant universities gathered online to discuss in depth the development of the photovoltaic industry. Henning Schulze, President of JA Solar Europe, was invited to attend the meeting and shared with the guests on "The Evolution of the Photovoltaic Industry and Future Development Trends".
Shu Haining said that according to the third-party agency's forecast, the global photovoltaic installed capacity will be 545 to 599GW in 2024; from 2024 to 2030, the global photovoltaic installed capacity will maintain steady growth, and will maintain an annual installed capacity of more than 600GW starting from 2026. Although market demand continues to strengthen, the current competition in the photovoltaic industry is also becoming increasingly fierce, and the industry restructuring is accelerating. It is expected that the market concentration will become higher and higher in the future; at the same time, the changes in the industry and policy environment in important photovoltaic markets such as India and Brazil are also very noteworthy.
As one of the leading companies in the global photovoltaic industry, JA Solar has made many achievements in 2024. In the first three quarters of 2024, the company achieved a battery module shipment of approximately 57GW, a year-on-year increase of 51%, a record high; as of the third quarter of 2024, the cumulative battery module shipments exceeded 242GW, ranking among the best in the world for many consecutive years; the product sales and service network extends to 178 countries and regions around the world; and jointly established a joint laboratory with the University of New South Wales, and signed the first batch of R&D projects; and has received many honorary certifications from international authoritative financial, market, and product research institutions such as BNEF, EuPD Research, PVEL, and RETC.
On this basis, JA Solar is now fully prepared and confident to cope with any industry competition and market challenges in the future. The most critical thing is that JA Solar has successfully created solar energy storage products that will be highly competitive for a long time in the future.
At present, JA Solar has launched a new product, the DeepBlue 5.0 series of ultra-high-performance modules. The modules are based on the Bycium+ 5.0 battery technology platform and integrate a number of high-level innovative achievements such as cutting-edge technology, structural optimization, material enhancement and electrical architecture upgrade, achieving a significant improvement in module performance, with a power of up to 670W and an efficiency of 24.8%. At the same time, the modules can fully adapt to a variety of extreme application scenarios such as extreme cold, plateau, dry heat, sand and dust, damp heat, and oceans, creating a full-scenario application solution for ultra-high-performance modules.
At the same time, in terms of energy storage, JA Solar's full range of products, including source-grid energy storage (BlueGalaxy), industrial and commercial energy storage (BluePlanet), and household energy storage (BlueStar), have demonstrated extremely high stability and reliability in various application scenarios around the world, established an excellent market reputation, and effectively promoted the innovative integration and development of new energy. Among them, industrial and commercial energy storage (BluePlanet) adopts a modular, "All in One" design concept, integrating core components such as batteries, PCS, temperature control, and fire protection, and uses a high-voltage 1500Vdc/690Vac solution and a liquid-cooled temperature control system. The capacity of each energy storage subsystem is 186kW/372kWh. Single-machine failure can meet reliable disconnection without affecting the operation of parallel equipment, maximizing the stability of the system. The product has the advantages of small footprint, flexible application, strong adaptability, easy installation and maintenance, and a high degree of system integration. It can be widely used in industrial and commercial parks, distributed photovoltaic distribution storage, photovoltaic storage charging stations, microgrids and other application scenarios.
Shu Haining said that JA Solar's photovoltaic and energy storage fusion solution can help promote the application of renewable energy in different scenarios. This is not only the key force for JA Solar to achieve higher achievements in the future, but also an effective way to promote the high-quality transformation of the global energy structure. On this basis, JA Solar will continue to lead the industry forward and look forward to working with more and more partners around the world to contribute more value to addressing climate change and sustainable development.