Fortune recently published its 2021 Future 50, and LONGi ranked 42, topping other solar enterprises in the list.
As a joint product of Fortune and BCG (Boston Consulting Group), the Future 50 assesses the long-term growth prospects of the world’s largest publicly traded companies based on indicators and signals of their future potential. It complements traditional performance metrics as a way to reflect a company’s future potential.
Fortune pointed out that the value of vitality plays out over time and may not always be apparent in the near term. Faced with COVID-induced threats and challenges, companies who are able to create opportunities are more resilient, as they are not only absorbing impacts, but also adapting to an ever-changing environment and booming in the new context. Among them all, renewable energy companies represented by LONGi performed robust in the 2021 index, which also indicate the rise of sustainability concerns.
Fortune also released its Future 50 rating criteria: a top-down, market-based assessment of a company’s potential, and a bottom-up analysis of its capacity to deliver growth. As the criteria put it, LONGi in the past year pursued prudent operation and sustainability, put heavy investment on R&D, and kept its focus on future technological development.
In the passing year of 2021, LONGi renewed the world cell efficiency record for seven times, as it drives industrial growth with technical innovation. It continues to expand solar + application scenarios, actively deploys hydrogen energy business, and offers its efforts in deep decarburization. In addition, with its first sustainability report, first zero-carbon plant, and first climate action white paper launched and implemented one after another, LONGi has once again proved its zero-carbon aspiration and resolution. Looking forward, the company will remain focused on technological innovation and committed to a green development path, keep creating long-term value for global customers.
LONGi, founded in 2000, is a world leading solar technology organization. The company has had a long-term, unswerving commitment to monocrystalline technology, convinced, rightly, that its general adoption would bring about significant technological change for the whole PV industry.
With 15 manufacturing bases and more than 30 branches around the world, LONGi produces monocrystalline silicon wafers and modules, delivering solutions for distributed and ground mount power station systems, promoting the development of the global PV industry and driving energy transformation. The company’s shipments have been among the industry’s highest for a number of years and, in 2020, it became the first manufacturer to ship more than 20GW of modules in a year.
LONGi’s ongoing high investment in R&D is a significant contributory factor in its success and the company has been rapidly applying new technologies and processes to large-scale production, making important advances in cost control and efficient product innovation.
In 2020, LONGi became the first Chinese solar energy company to join the RE100, EV100, EP100 and SBTi initiatives, set up to promote zero-carbon solar and sustainable development.