Enertis Applus+ Report Highlights Superior Performance and Cost Efficiency of AIKO ABC Modules compared to TOPcon and PERC modules from leading competitors

Enertis Applus+ Report Highlights Superior Performance and Cost Efficiency of AIKO ABC Modules compared to TOPcon and PERC modules from leading competitors

August 1st, 2024

Düsseldorf, 1. August 2024 – AIKO, a global-leading new energy technology company, proudly announces the results of a comprehensive report by Enertis Applus+, an established global authority on renewable energy consulting, engineering and quality control, highlighting the superior performance and cost efficiency of AIKO ABC modules compared to TOPcon and PERC modules from two leading competitors. The report, titled “Energy Yield Assessment and Levelized Cost of Electricity,” provides detailed insights into the advantages of AIKO’s cutting-edge N-Type ABC technology.

For this study, AIKO selected two modules with different technologies from two Tier-1 suppliers to be compared with its ABC modules. The study included simulations of rooftop installations using AIKO and two PV module models from two leading competitors (for confidentiality reasons, “PVM1” and “PVM2”, respectively). The energy yields from these simulations were used to conduct a high-level economic comparison, including LCOE, IRR, and ROI assessments. Enertis Applus+ utilized an in-house LCOE tool, considering key cost drivers of PV projects over a 30-year project lifetime, and publicly available datasheets as source of information.

Key Findings:

Solar Resource and Energy Yield Assessment:

▪️ Higher Installation Capacity:

• ○ For rooftops of identical size, AIKO modules offer a higher installed capacity, outperforming PVM1 modules by 7.5% and PVM2 modules by 12.4%.

▪️ Superior Energy Yield:

• ○ First-Year Performance:

• ○ Lifetime Performance:

Levelized Cost of Electricity (LCOE):

▪️ Lower LCOE:

• ○ AIKO modules show significant cost savings, with an LCOE 5.6% lower than PVM1 and 8.8% lower than PVM2 in Bologna. In Seville, AIKO modules offer an LCOE 6.4% lower than PVM1 and 9.5% lower than PVM2.

▪️ Improved Financial Metrics:

• ○ AIKO modules exhibit higher internal rate of return (IRR) and return on investment (ROI) in both Bologna and Seville. Despite the lower LCOE in Seville, higher IRR and ROI values were observed in Bologna due to Italy’s higher electricity spot price.

Conclusion:

AIKO’s N-Type ABC technology stands out in the renewable energy market, delivering superior performance and cost-efficiency. The findings from the Enertis Applus+ report underscore AIKO’s commitment to advancing solar technology and providing exceptional value to customers.

About AIKO: 

AIKO is a global-leading new energy technology company, focusing on the R&D manufacturing of solar generation products and PV-Storage-Charging integrated solutions, providing customers with solar cells, ABC (All Back Contact) modules and scenario-based packaged solutions. With the mission of “Empowering transformation towards a carbon-free era”, AIKO continues to pursuing extreme innovation and cutting-edge technology.

For more information, please visit https://aikosolar.com

Press Contact
Jingyuan (Nicole) Chen
AIKO Energy
jingyuan.chen@aikosolar.com
+49 179 218 7798

About Enertis Applus+ (www.enertisapplus.com):

Enertis Applus+ is a global consulting, engineering and quality control firm with expertise in the renewable energy and energy storage industries. It has a track-record of more than 15 years and an accumulated experience of more than 300 GW worldwide and 30 GWh in energy storage. Since 2021 it is part of Applus+, one of the world’s leading companies in the testing, inspection and certification sector, with over 20 years of experience in the renewable sector.

Enertis Applus+ mission is to ensure maximum profitability for customers and proper risk management of their projects by providing innovative services with high added value. With a track-record of 5,000 projects in more than 65 countries, Enertis Applus+ has offices in the United States, Spain, United Kingdom, Italy, Chile, Mexico, Colombia, Panama, Brazil, Australia, Argentina, South Africa and China.