Again on the Weight List! Analysis of the Green Development of LONGi by Forbes
Time:2019-11-05 16:28:00
Recently, Forbes, a well-known global business magazine, published for the first time the Top 200 Best Over a Billion list. LONGi has become one of the 21 mainland Chinese enterprises in the list of "Billion." Among the shining list are famous enterprises such as Tokyo Electronics, TSMC, Nintendo, Samsung SDS, Alibaba, Tencent holding, etc.
The search for the Top 200 began with a large list of 32,00 listed companies in the Asia Pacific region, which generated more than $1 billion in revenue in their most recent fiscal year.
 
Subsequently, unprofitable enterprises and enterprises whose sales volume has declined in the past five years are eliminated, and then those enterprises with long-term debt, the amount equal to or greater than half of their capital, as well as industries with significant governance or legal problems are excluded.
 
Finally, we rank the shortlisted enterprises according to more than ten indicators, such as the average sales volume in five years, the growth of operating profit, the return on capital, and the expected growth in the next one to two years. The companies with the highest composite score can enter the final Top 200 list. Our goal is to find the best enterprises in the region in many aspects.
 
——Forbes
 
In the recently published Forbes (China) September October joint issue, the article "Future Energy Solutions" was published, which made a special report on LONGi. The development of the photovoltaic industry and the focus and steady development of LONGi are comprehensively interpreted. "LONGi is one of the Top 200 listed companies in Forbes Asia with $1 billion in comprehensive performance," the article said.
 
As one of the most authoritative business media in the world, Forbes regularly evaluates and analyzes high-quality enterprises from different dimensions around the world, and publishes them in the form of lists, which has important reference significance for evaluating the business performance of enterprises. LONGi has been listed in Forbes' related list for the fourth time in three years before being shortlisted in the list of "top 200 listed companies with a revenue of more than $1 billion". LONGi was shortlisted in Forbes Asia's top 50 listed companies in 2018 and ranked 27th in Forbes Global Enterprise Growth list. In 2019, LONGi was shortlisted in Forbes' top 2,000 list of global listed companies.
 
Being shortlisted in Forbes' weight list many times reflects LONGi's comprehensive strength in technology level, corporate governance, financial stability, and other aspects as a leading global enterprise in the photovoltaic industry. At the same time, LONGi is committed to promoting the cost reduction of the photovoltaic industry with technological progress and promoting the wider application of clean energy, which has also been unanimously recognized by domestic and foreign media.
 
Forbes also keeps a long-term focus on clean energy and has a clear support attitude. Earlier this year, Forbes published an article saying that "2019 will be an exciting year for clean energy development, and more and more countries, companies and regions will embrace sustainable energy." The paper also points out that there will be six major trends in the development of renewable energy in the future:
 
 
 Energy Storage: Energy storage plays an important role in the balance of power supply and demand, and is the key to solve the intermittent problem of renewable energy. The combination of the storage systems and renewable energy can ensure a stable power supply even when the weather conditions are not suitable for power generation. It is expected that energy storage technology will continue to improve to make its use more feasible and cheap, and energy storage will become the core component of all new energy technologies in the future, because the scale of public utilities and domestic energy storage solutions have become more price-competitive, eroding the advantages of traditional energy.
 
 Microgrid and Artificial Intelligence: microgrid is a kind of local energy grid, which can operate independently or connect to a larger traditional grid, providing energy independence, efficiency, and protection in case of emergency. With the machine learning ability of artificial intelligence (AI) and microgrid controller, the operation can be adapted and improved continuously. With the emergence of new software that can be completed in one day, the deployment speed of microgrid will be greatly accelerated.
 
 Energy Blockchain and Internet of Things: the decentralization of blockchain makes it an ideal choice to eliminate power supplier middlemen. Reducing energy inequality and inefficiency and empowering consumers to buy and sell energy directly from other consumers. Combining the distributed classification technology of blockchain with the Internet of things will have a profound impact on the energy system. Through the correct application, the equipment can independently buy and sell energy at the optimal time, optimize the energy system settings in real-time, and monitor and analyze the performance of energy-consuming equipment.
 
 Cost Reduction and Grid Parity: when the generation cost and performance level of an alternative energy source can reach or be lower than that of the traditional method, grid parity will appear. In many areas, solar energy and wind energy have reached the same level in terms of price and performance, and new technologies are increasing their competitive advantages. Once thought to be difficult to integrate into the grid, renewable energy now helps to enhance the reliability and flexibility of the grid. By using blockchain, AI, and other automation technologies, renewable energy can optimize itself and improve efficiency. Compared with traditional energy sources, solar energy and wind energy are more efficient and cost-effective, and developing technologies will continue to improve their prices and performance. Combined with economic benefits and low environmental impact, we can expect that renewable energy will be transformed from acceptable energy to preferred energy.
 
 Active Commitment: more and more enterprises, cities, and countries are accepting emission reduction goals and climate action plans to achieve the goal of limiting global temperature rise. So far, more than 100 cities around the world have reported that at least 70% of their energy production comes from renewable energy, and more than 40 cities currently use 100% of renewable electricity. Hundreds of other cities are committed to the goal of 100% renewable power generation. Recognizing their impact on climate change, 158 companies have also pledged to move to 100% renewable energy.
 
 Progress in Energy Access in Developing Countries: a considerable part of the world's population still has no access to energy at all. One billion people are still without electricity, and hundreds of millions of people have unreliable or prohibitively expensive energy. Changes in the energy market are providing solutions to the problem of energy access. Community-based microgrids may be the most cost-effective way to provide affordable and reliable power to people who currently have no access to it. Clean, modular, and renewable energy systems are ideal for many communities that cannot benefit from traditional forms of centralized energy production and delivery. As cost and performance indicators continue to improve, we can expect that renewable energy will be increasingly used to provide power to communities and areas in the dark for a long time.
 
The six development trends of clean energy put forward by Forbes are the positive influence LONGi has long paid attention to and hopes to bring to the world through the development of photovoltaic industry, which is also LONGi's corporate mission of "making good use of the sunlight and creating a green energy world." As Forbes said in its report, "everything grows by the sun, faces the sun, and LONGi is on the road!"