With Energy on the Agenda for Trump Visit to Beijing, Hanergy Is a Model Of Win-Win US-China Cooperation
BEIJING — As anticipated, U.S. president Donald Trump and his business delegation have energy high on the agenda for their official visit to Beijing. Yesterday representatives from the two countries confirmed $250 billion in deals, among which energy businesses figure prominently. As a global leading thin-film solar power company, Hanergy believes that the transactions between the two countries will greatly benefit the cooperation and the development of energy industry. As these companies move forward in their business with China, they might look to Hanergy’s business presence in America as a model of win-win US-China cooperation.
For the past few years, Hanergy has been actively pushing forward the US-China clean energy industry with its farsighted investments in thin film solar technology. Hanergy has acquired three US thin film solar companies — MiaSolé, Alta Devices, and Global Solar Energy, revitalizing them and bringing technological advantages together to expand the scope of the thin film solar industry to the entire globe within just a few years.
Following the acquisition and successful technological integration of three U.S. thin-film solar companies, Hanergy’s subsidiaries have realized significant synergies. Hanergy continuously invests in research and development, enhancing the vitality of U.S. companies. In December 2012, Hanergy acquired Silicon Valley based solar company MiaSolé, the world leader in Copper Indium Gallium Selenide (CIGS) solar technology. In the five years since the acquisition, the money poured into research and development has allowed the company to increase the conversation efficiency of its solar cells at an average rate of 1 percent a year, eventually attaining its current conversion efficiency of 18% — the world’s highest for sputtering CIGS flexible modules.
Meanwhile, through global technical integration and independent innovation, Hanergy has become a world leader in thin-film solar technology, holding five world records in conversion efficiency. As of October 2017, the company holds over 2000 patents. In addition, Hanergy has over 1,800 employees working in R&D, including world leading experts on semiconductors and photovoltaics.
Hanergy has also brought thin film solar technology to China, contributing to the green transformation of the country’s energy mix. In July 2017, Hanergy launched Hantile, a new product combining highly efficient solar cells with traditional roof tiles. When deployed at a large scale, the tiles can abate significant amounts of carbon, making homes and buildings more eco-friendly. On the transportation side, Hanergy’s U.S. subsidiary Alta Devices works with German car maker Audi to integrate solar cells into panoramic glass automobile roofs. Hanergy is also cooperating with major bike sharing companies, including Mobike, 99 Bicycle and MTBike to integrate thin-film solar panels into the bodies of more than 15 million bicycles over the next three years.