Wuxi Jidian Photovoltaic Technology

About Wuxi Jidian Photovoltaic Technology

Wuxi Jidian Photovoltaic Technology, operating under the brand UtmoLight, is a high-tech enterprise focused on the research, development, and manufacturing of perovskite-based photovoltaic and optoelectronic products. The company's journey began in 2018 as a business unit within Great Wall Holding Group, before it was officially spun out as an independent entity in April 2020. The firm was co-founded by President Yu Zhenrui, a 35-year veteran in the photovoltaic industry, and CTO Shao Jun. They are joined by Chief Scientist Prof. Mohammad Khaja Nazeeruddin, a globally recognized pioneer in perovskite research.

UtmoLight is at the forefront of commercializing third-generation perovskite solar technology, which offers advantages such as higher theoretical conversion efficiency and lower manufacturing costs compared to traditional silicon-based photovoltaics. The company's business model revolves around the entire lifecycle of perovskite technology, from synthesizing precursor materials to manufacturing and selling finished solar modules and quantum dot products. Its clientele spans various sectors, including utility-scale ground-mounted power stations, distributed generation projects, and the Building-Integrated Photovoltaics (BIPV) market, which integrates solar technology directly into building materials.

The company's product portfolio includes the UtmoSolar line of perovskite modules and the UtmoDot series of quantum dot products. A significant milestone was the launch of the world's first gigawatt-scale perovskite production line in Wuxi in February 2025, capable of mass-producing ultra-large modules and BIPV products. This facility followed the establishment of a 150MW pilot production line in late 2022. UtmoLight has consistently broken world records for perovskite module efficiency, achieving 18.1% on a 0.72m² module and 16.1% on a larger 2.8m² module, demonstrating its proprietary "Utmorigin+" mass production technology's capability to scale without significant performance loss. These modules have received TÜV certification, a key validation for commercial viability.

Financially, the company has secured significant investment to fuel its expansion. A Pre-A round in October 2021 raised 220 million RMB, followed by a substantial Series A round in March 2023 led by Shenzhen Capital Group and CDH. These funds have been directed towards technology development and the construction of its large-scale production facilities, including a GW-scale factory in Wuxi with a total investment of 3 billion RMB.