Good news about financing

Recently, Worldlight New Materials, the “hidden champion” in the photovoltaic composite frame industry, officially completed a new round of strategic financing. This round of funding was a second investment by existing shareholder Paradise Silicon Valley, which not only demonstrates the capital market’s high recognition of our company’s technological strength, market position, and growth potential, but also injects strong momentum into our deep cultivation of this trillion-dollar market and our vision of “becoming a world-class great enterprise.”

Currently, the energy transition is driving the simultaneous surge in two major demands: First, there is the rigid demand for global energy transformation. China’s share of photovoltaic power generation has been steadily rising from 3.4% in 2020, and according to forecasts by the Energy Research Institute of the National Development and Reform Commission, this share will reach 39% by 2050. Photovoltaics have thus become a core energy pillar for achieving the “dual carbon” goals. Second, there is the incremental demand for green electricity driven by the AI industry.

Technological iteration and cost optimization are the intrinsic logic behind the rise of this industry. Over the past two decades, the cumulative increase in traditional electrolytic aluminum costs has exceeded 250%, while the costs of other photovoltaic auxiliary materials have fallen by more than 70% overall. The high cost and strong volatility of aluminum frames have become key factors hindering the industry’s efforts to reduce costs and improve efficiency. Moreover, defects such as easy corrosion, high carbon emissions, and poor insulation make it difficult for aluminum frames to meet the requirements of emerging applications like offshore photovoltaics. Worldlight New Materials’ independently developed and produced composite material frames have achieved breakthroughs in multiple performance aspects: their exceptional corrosion resistance can withstand salt spray corrosion at grade 8, their high load-bearing capacity can resist typhoons up to grade 15, and they also exhibit outstanding low-temperature resistance and are less prone to component failure. Furthermore, their superior insulation properties significantly reduce grounding costs and subsequent maintenance expenses, and can cut carbon footprints by more than 85%. These features perfectly align with the dual goals of the photovoltaic industry—“high-quality development plus green and low-carbon”—making them the optimal solution for offshore solar projects.

Worldlight New Materials has been able to take the lead in its field thanks to its comprehensive strategic layout and continuous deepening of technological expertise. The company has built core competitiveness that outpaces its rivals by at least half a year, and has set industry benchmarks with numerous “global firsts”: it was the first in the world to obtain TUV certification, UL certification, and Class A fire-resistance certification for composite materials. At the same time, Worldlight has developed an extensive patent portfolio, becoming the enterprise with the largest number of patents in the industry. With its robust capabilities, Worldlight has firmly established itself as an “invisible champion,” ranking first globally in cumulative shipments. Its products are widely used in extreme environments such as offshore areas, tidal flats, sandy deserts, and extremely cold regions, earning high recognition from leading companies in the industry.

Worldlight border batch application for Huadian Haiguang project

The funds from this round of financing will be primarily allocated to three key areas: continuing to ramp up investment in technology R&D, optimizing material formulations and processes, and strengthening technological barriers; expanding intelligent production capacity by adding multiple automated production lines to meet the growing market demand; and deepening collaboration across the industrial chain, working closely with upstream and downstream partners to co-create an ecosystem and promote the standardized application of composite-material frames.

“Focus leads to expertise”—this is the creed that Worldlight New Materials has always upheld. From zero to one, the company has stayed true to its original aspiration and deeply cultivated the field of composite material frames, with every step reflecting its relentless pursuit of technological excellence and superior quality. Today, Worldlight is fully committed to making a leap from 1 to 100 in scale, leveraging more mature technology and a more comprehensive system to compete in the trillion-dollar market.

In the future, Worldlight will continue to be driven by technological innovation and remain committed to customer satisfaction, providing high-quality photovoltaic composite frame products and superior services. We will work closely with our customers to jointly commit to carbon reduction and create a sustainable future.