Huanghe Group GCL Solar Energy Storage

What is GCL energy storage?

GCL provides photovoltaic energy storage products, covering energy storage products used in residential, C&I, urtility and other industries.

What does Zhu Gongshan say about the energy storage industry?

Facing the imminent reshuffle of the energy storage industry, Zhu Gongshan advocates for the industry to say goodbye to disorderly expansion, avoid vicious competition, and rationally plan to reduce low-end capacity.

How many new energy storage projects are there in China?

Data shows that in the first half of this year, the installed capacity of new energy storage accounted for one-third of the current cumulative installations, and the number of new energy storage projects in China (including planning, construction, and operational projects) reached 850, more than twice that of the same period last year.

Where is GLS-SI building a new solar cell factory?

GLS-Si has invested CNY 8 billion ($1.1 billion) in a new cell factory in Wuhu, China. It said manufacturing activities will start in August. GCL System Integration (GCL-SI), the PV panel unit of GCL Group, is expected to soon finish building its new 20 GW TOPCon solar module factory in Wuhu, in China's Anhui province.

Is the energy storage industry growing in 2023?

"The energy storage industry showed explosive growth in the first half of 2023," Zhu Gongshan analyzed, pointing out that the current energy storage technology is blossoming and developing competitively, with different technological paths each focusing on long life, low cost, and high safety in their technological races.

When will GCL-Si start manufacturing solar cells?

“Manufacturing activities at the new facility should begin in August,” GCL-Si executive president, Thomas Zhang, told pv magazine. Zhang said that the new factory will supply solar cells to the company's two module plants, with plans to achieve a combined capacity of 30 GW module production by the end of this year.