AKCOME vs Thornova Solar - solar panel manufacturer comparison

AKCOME is a Chinese manufacturer founded in 2006 and headquartered in Zhejiang province, with operations spanning more than 30 countries. The company was included on Bloomberg New Energy Finance's Tier 1 module manufacturers list in 2022 but was reported to have been removed from that list in 2024, which tempers its current bankability standing. Its documented module production capacity stands at roughly 3.8 GW per year, though the company has announced far more ambitious build-out targets tied to HJT cell lines. Thornova Solar describes itself as a U.S.-based company but manufactures primarily across facilities in China and Indonesia, with a reported combined cell capacity of 11.5 GW and module capacity of 6.5 GW. Thornova achieved BNEF Tier 1 status in Q3 2023 and has since maintained a B-rating in the PVTech ModuleTech Bankability Report, which scores it 14th out of more than 38 evaluated manufacturers in Wood Mackenzie's H2 2024 ranking. On current institutional footprint, Thornova holds the more secure position.

The two brands occupy different technology lanes. AKCOME has built its identity around heterojunction technology - HJT cells allow higher efficiencies at elevated temperatures and suit commercial and utility-scale deployments where energy density matters. The company is also investing in perovskite cell R&D as a next-generation pathway. Thornova has centered its 2024-2025 lineup on n-type TOPCon bifacial modules, culminating in a 720 W panel rated at 23.2% efficiency. Its Tangra M PRO series earned Top Performer recognition from Kiwa PVEL across all seven reliability test categories, making it well-suited for utility-scale ground mounts where bankability and independent testing credentials drive procurement decisions.

For a typical 2025 buyer financing a utility or large commercial project, Thornova is the more straightforward recommendation given its active BNEF Tier 1 standing, independent test validation, and supply chain diversification across Vietnam and Indonesia. AKCOME remains a credible option for buyers specifically seeking HJT technology, but the lapse in Tier 1 status warrants additional due diligence on project financing acceptability.

Generated by Claude Sonnet · 2026-06-09