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Photovoltaics (PV) is one of the proven and most rapidly growing renewable energy sources in the world. Energy from the sun is converted directly into electricity primarily through the photovoltaic effect, offering a completely emission-free form of energy generation. With accelerated technology development that has led to significant decline of the cost of solar PV power generation over the past decade, solar is now one of the most economical forms of energy generation in the world. The generation of solar energy results in zero Green House Gas emissions and zero environmental impact, helping to address the challenges of climate change.
Daqo New Energy Corp. (NYSE: DQ) is one of the world’s leading high-purity polysilicon manufacturer for the global solar PV industry. We manufacture and sell high-purity polysilicon to solar PV product manufacturers, who further process our polysilicon into ingots, wafers, cells and modules for solar power solutions. We utilize the chemical vapor deposition process, or the “modified Siemens process,” with upgraded hydrochlorination technology, to produce polysilicon, and have fully implemented the closed loop system to produce high-quality polysilicon cost-effectively. Currently, our annual production capacity for polysilicon is 205,000 MT. We improve our production efficiency and increase our output through technological improvements, adoption of process innovation and refinement as well as equipment enhancement.
We impose rigorous quality control standards at various stages of our manufacturing process. We systematically test raw materials from our suppliers and test our inputs at each stage of our manufacturing process to ensure that they meet all technical specifications. With our strict quality control measures in our manufacturing and facility construction processes, we are able to produce high-quality polysilicon consistently at our facilities.
We offer ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs of our customers. We are one of the best-quality polysilicon manufacturers in the world, and over 99% of our polysilicon has been sold to mono-wafer applications which require higher quality as compared to multi-wafer applications.