Advanced Solar Power

Advanced Solar Power (Hangzhou) Inc. (ASP), also known as Longyan Energy Technology, was established in May 2008 and operates as a subsidiary of the Hong Kong-based Advanced Solar Power (Hong Kong) Limited. The company was co-founded by Professor Wu Xuanzhi, an international photovoltaic expert, and Ben Wu. Professor Wu has over 30 years of research experience in solar cells, including a tenure as a senior scientist at the U.S. Department of Energy's National Renewable Energy Laboratory (NREL), and set a world record for Cadmium Telluride (CdTe) solar cell conversion efficiency in 2001. He returned to China in 2007 to establish the company, aiming to apply his expertise to the domestic new energy sector. Co-founder Ben Wu, who serves as Chairman and CEO, holds an MBA from Columbia University and previously worked at McKinsey & Company and as an assistant to the chairman of Lenovo Group.

ASP focuses on the research, production, and sale of Cadmium Telluride (CdTe) thin-film solar modules and their applications, positioning itself as a key enterprise in the Building Integrated Photovoltaics (BIPV) market. The company's business model revolves around industrializing its independently developed CdTe thin-film technology, breaking a technological monopoly previously held by foreign entities. ASP has successfully completed a national high-tech R&D program (863 Program) and serves clients by providing advanced photovoltaic building materials. Revenue is generated from the sale of these specialized solar products and system engineering solutions. The company has secured multiple rounds of funding from notable investors, including Cindafund, Northern Light Venture Capital, Sequoia Capital, and others, to support technology development and production line expansion.

The core products are CdTe thin-film solar modules, which are designed to be integrated directly into building facades, roofs, and walls, functioning as both a construction material and a power generator. ASP has developed over 50 different types of photovoltaic building products to suit various architectural scenarios, which can be customized to meet specific design needs. These products, with a power range of 80-270Wp, include options like transparent solar cells and integrated roof tiles. A significant benefit of this technology is its ability to reduce a building's energy consumption and carbon footprint. The company's products have been utilized in over a hundred high-profile projects, including the China Pavilion at the 2019 Beijing Horticultural Expo, Jiaxing Railway Station, and the Swedish National Pavilion at the Dubai Expo.

Keywords: Cadmium Telluride, CdTe thin-film, Building Integrated Photovoltaics, BIPV, solar modules, photovoltaic building materials, Longyan Energy Technology, Wu Xuanzhi, Ben Wu, renewable energy, solar panel manufacturing, sustainable architecture, clean energy, photovoltaic systems, NREL, solar cell technology, advanced materials, energy generation, power generation建材, custom solar solutions