Zhong emphasized that while photovoltaic generation costs have plummeted by over 90% in the last 15 years, the industry now faces systemic bottlenecks involving grid integration and the inherent intermittency of renewable sources. The solution, according to the LONGi executive, lies in the deep integration of solar power with advanced storage technology. By combining generation with on-demand dispatching capabilities, companies can overcome the limitations that have historically prevented renewables from operating as a stable, backbone power supply.
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LONGi Chief Advocates for Solar-Plus-Storage to Stabilize Global Grids
At the 17th Annual Meeting of the New Champions in Dalian, LONGi Chairman Zhong Baoshen argued that the falling costs of energy storage are finally unlocking the potential for solar and wind to serve as a reliable, primary power source capable of replacing traditional fossil fuels in local energy systems.
Beyond technical innovation, Zhong highlighted the critical role of capital allocation in accelerating the global transition. He urged international stakeholders, including insurance providers and public welfare organizations, to collaborate on lowering financing costs in regions where capital remains prohibitively expensive. By prioritizing green energy projects and recognizing their environmental value, he argued that policymakers can create the necessary returns to attract institutional investment. LONGi is currently piloting these concepts through microgrid systems and distributed energy solutions tailored for diverse environments, ranging from industrial applications to water-pumping projects in Central Asia and Africa.
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