Space-Based Photovoltaics (SBPV) Emerges as the Dominant Theme for New Energy Sector in 2026

[Beijing, January 5, 2026] — As the new trading year commences, the "Space-Based Photovoltaics" (SBPV) sector has rapidly ascended to become the leading investment and technological theme within China’s Electrical Equipment and New Energy (EENE) industry for 2026.

1. Strategic Shift to Orbital Resources

The surge in interest is primarily driven by the International Telecommunication Union (ITU) regulations regarding orbital slot and frequency prioritization. With the global "space race" for satellite internet constellations intensifying, the demand for high-efficiency, lightweight, and radiation-resistant solar arrays has reached an all-time high. China’s leading solar manufacturers are now pivoting from terrestrial installations to "Space-Grade" power solutions to support massive satellite deployments planned for 2026.

2. Technological Breakthroughs in Efficiency and Weight

A major catalyst for this trend is the recent integration of Perovskite-Silicon Tandem Cells onto flexible substrates.

• Record Efficiency: In early January 2026, Chinese research teams, in collaboration with industry giants like LONGi, announced a breakthrough in ultra-thin (60μm) flexible tandem cells, achieving energy conversion efficiencies exceeding 33.6%.
• Mass Reduction: These new modules offer a power-to-weight ratio ten times higher than traditional rigid panels, drastically reducing launch costs for satellite operators and future orbital power stations.

3. The "Wireless Power Transmission" (WPT) Milestone

Market analysts highlight that 2026 marks the transition from theoretical testing to practical demonstration of long-range wireless power transmission. Several Chinese energy state-owned enterprises (SOEs) have initiated projects to test microwave power beaming from Low Earth Orbit (LEO) to ground receiving stations, aiming to provide a continuous, 24/7 clean energy source that is unaffected by weather or night cycles.

4. Market Impact and Investment Outlook

Investment firms, including CITIC Securities and CICC, have issued reports labeling 2026 as the "Year One of Space Energy Commercialization."

• Stock Market Performance: On January 5, 2026, the SBPV index outperformed the broader renewable energy market, with companies specializing in gallium arsenide (GaAs) cells, flexible thin-film materials, and satellite power management systems seeing significant capital inflows.
• Supply Chain Evolution: The domestic supply chain is rapidly adapting, with traditional PV glass and frame suppliers being replaced in these high-end projects by carbon fiber and specialized polyimide film manufacturers.