Suzhou Sunwell New Energy
Innovation in solar energy development.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
* | CNY20.0m | Series B | |
| Total Funding | 000k | ||
Suzhou Sunwell New Energy Co., Ltd. operates at the forefront of the photovoltaic sector, specializing in advanced manufacturing processes for solar cells. Established in 2017 in Suzhou, China, the company directs its efforts towards creating cost-efficient and accessible clean energy solutions. The firm was co-founded by Dr. Li Zhongtian and Mr. Yao Yu, whose backgrounds include experience from the University of New South Wales in Australia and the photovoltaic equipment company Meyer Burger, providing a substantial technical foundation in the solar energy field.
The company's core business revolves around providing comprehensive solutions for solar cell manufacturing. Its primary offering is a low-cost copper metallization technology for heterojunction (HJT) solar cells. This process is designed to replace the more expensive silver paste traditionally used in solar cell production, thereby significantly lowering manufacturing costs and addressing the reliance on silver. This positions the company to support the growth of the photovoltaic industry, particularly as it scales to the terawatt (TW) level. Sunwell's product portfolio includes complete turnkey solutions for HJT copper metallization, wet processing equipment for high-efficiency N-type TOPCon solar cells, various chemicals for the metallization process, and Building-Integrated Photovoltaic (BIPV) tiles. The business serves other manufacturers and players within the solar energy industry chain.
The company's development has been supported by strategic investments. In September 2021, Sunwell completed a pre-A financing round worth tens of millions of yuan, with participation from Suzhou Guofa Venture Capital and existing shareholder Tongwei Solar. More recently, it secured an undisclosed amount in a Series B funding round on August 6, 2024, from investors including Suzhou Suchang Manufacturing Investment. These financial infusions have been targeted towards further product development, team expansion, and bolstering working capital.
Keywords: solar cell manufacturing, copper metallization, heterojunction solar cells, HJT technology, photovoltaic equipment, TOPCon, clean energy technology, BIPV, solar cell chemicals, renewable energy components, photovoltaic manufacturing solutions, solar panel production, silicon wafer technology, alternative energy manufacturing, solar metallization process, PV cell efficiency, advanced solar materials, N-type solar cells, wet processing equipment, solar energy R&D