On January 24, Guotai Junan Securities highlighted that Musk envisions a collaborative effort between SpaceX and Tesla to deploy a staggering 200GW of photovoltaic capacity, a move that is poised to benefit equipment companies first and foremost. The anticipated growth in data centers outfitted with photovoltaic-storage systems, coupled with the burgeoning field of space-based photovoltaics, is expected to ignite a fresh wave of equipment expansion.

On one front, the escalating computational demands of data centers have catalyzed a swift surge in the need for 'stable, cost-effective, and swiftly deployable' photovoltaic + energy storage setups. This shift is steering the drivers of terrestrial photovoltaic installations away from traditional power needs and towards the requirements of computational infrastructure.

On the other hand, the progress in low-Earth-orbit satellites and space-based computational capabilities is propelling space-based photovoltaics into the industrial verification phase. This advancement is placing greater emphasis on battery efficiency, thinness, and flexibility, thereby opening up incremental opportunities for high-end manufacturing and bespoke equipment. Guotai Junan Securities is of the opinion that as the intensive launch of low-Earth-orbit satellites gains momentum and the commercialization of space-based computational power accelerates, it will effectively spur the demand for photovoltaic capacity expansion, with core equipment manufacturers poised to reap the initial benefits.