Recently, Jiangsu Zhongxinbo New Energy Technology Co., Ltd. (stock code: 688408, referred to as "ARCTECH") officially joined the China Solar Thermal Alliance (referred to as the "CSTA"), marking the extension of its "Tracking+" strategy into the solar thermal sector.
As a high-tech enterprise with a global vision for industrial layout, ARCTECH has evolved from initially focusing on photovoltaic (PV) mounting systems to expanding into solar thermal, energy storage, and intelligent operations and maintenance (O&M), forming a comprehensive energy solution capability across all scenarios.
ARCTECH’s independently developed “SkyFocus” tower dual-axis solar thermal tracking system features high adaptability, high tracking accuracy, high stability, wind and seismic resistance, and strong wind protection. Its modular design improves installation efficiency by over 20%, significantly enhancing system stability and reducing O&M costs.
In terms of R&D, Arctech has continuously increased its investment, with a compound annual growth rate (CAGR) of over 15% in R&D expenses from 2020 to 2024, and an R&D intensity of 2.2%–2.5%. The company has built a global R&D network, including R&D centers in Spain and Saudi Arabia, a self-built wind tunnel laboratory, and collaborations with multiple universities, accumulating over 770 intellectual property rights.
In market performance, Arctech shipped 17.41 GW of tracking systems in 2024, ranking second globally with a 16% market share, and holding the top market share in the Asia-Pacific, Middle East, and India regions. The company plans to invest RMB 2 billion in building a zero-carbon headquarters to strengthen vertical integration capabilities in PV, solar thermal, and energy storage, and to accelerate its global expansion.
By joining the CSTA, ARCTECH aims to promote the integration of solar thermal with PV and energy storage technologies, contributing to the energy transition.