GCL Technology Reports Q1 PV Materials Business Progress with EBITDA of 505 Million Yuan and Lowered Granular Polysilicon Cash Cost

Combined US utility-scale wind and solar generation reached a record 17% of the electricity mix in 2025, producing 760,000 GWh. Utility-scale solar drove this surge, jumping 34% year-over-year. Including small-scale solar pushes the combined 'wind and solar' share to 19%. As electricity demand rises—fueled by data centers and electrification—the grid is preparing for a historic 86 GW of new capacity in 2026, with solar and battery storage making up 79% of these planned additions.

Smart meter deployment in the UK has hit a slump, prompting the government to introduce stricter regulations for energy retailers to ensure full domestic coverage by the end of 2030. While 21.8 million smart electricity meters were operating by the end of 2025, 7.8 million traditional meters still need replacing. To meet the 'Clean Power 2030' target, suppliers must submit binding annual deployment plans to Ofgem, replace outdated 2G and 3G meters before the 2033 network switch-off, and adhere to a strict 90-day window to repair faulty units or face penalties. This regulatory push aligns with the UK's broader efforts to integrate residential batteries and EVs into grid flexibility markets.

On 24 March, Haitian Co., Ltd. issued an announcement regarding the signing of a strategic cooperation agreement with Tongwei Solar Co., Ltd. The announcement states that the collaboration aims to strengthen in-depth technical discussions in the field of photovoltaic cells, with a view to achieving continuous technological innovation and enhancing cost efficiency. The scope of the cooperation includes, but is not limited to, the following: both parties have agreed to regard each other as key strategic partners; in future collaborations, Tongwei will give priority to using Haitian’s pastes and other related products, provided that all other conditions are equal. The parties will continuously expand the scope of their cooperation and increase the scale of their collaboration.