On January 23, Shangrao Drinda Aerospace Space Technology Co., Ltd. was established with a registered capital of RMB 33.3333 million. Its business scope includes the manufacture of photovoltaic equipment and components, R&D of new material technologies, and the manufacture of plastic products, among others.
According to Qichacha, a corporate information inquiry platform, the new company is jointly held by Shangrao Jietai New Energy Technology Co., Ltd., a wholly-owned subsidiary of Drinda, and Shanghai Starwing Core Energy Technology Co., Ltd., with shareholding ratios of 70% and 30% respectively.
As sorted out by EnergyTrend, the space-based photovoltaic (space PV) sector has been heating up continuously recently, with many leading PV enterprises announcing their relevant layout progress one after another. Despite the industry currently facing a series of practical challenges such as high costs and long commercialization cycles, the trillion-level market volume still makes this field a focus of attention across the industry.
In fact, Drinda has already laid groundwork for its layout in the space PV sector. On January 15, the company released an announcement disclosing a key strategic move. On January 13, 2026, Drinda formally signed the Capital Increase Agreement and Shareholders' Agreement with Starwing Core Energy, its founding team, original shareholders and other relevant parties. Under the agreement, Drinda plans to invest RMB 30 million to subscribe for 461,539 yuan of Starwing Core Energy's newly increased registered capital. Upon completion of this capital increase, the company will hold a 16.6667% equity stake in Starwing Core Energy.
Regarding the current progress of its layout, Drinda clearly stated that although the company has taken the first step to enter the space PV sector by taking a stake in Starwing Core Energy, the two parties have not yet accumulated stable customer resources. Relevant businesses are still in the initial stage of R&D and verification, with no outstanding orders on hand for the time being.
In terms of customer resources, Drinda admitted that its existing customer base is mainly concentrated in the ground-based PV sector. While the company has long been deeply engaged in the R&D and industrialization of PV cell technologies, it currently lacks mature accumulation in aspects such as R&D of PV products adapted to the extreme space environment, technical verification resources in the aerospace field, and industry application experience.
From the perspective of the industry status quo, space PV products themselves feature high customization demands and long technical verification cycles. Coupled with significant impacts from external factors such as launch windows, the entire sector is still in the phase of technological R&D and preliminary verification. All related products must complete on-orbit verification under actual space conditions, and the progress of subsequent market development remains to be further observed and confirmed.
Technical challenges also persist. Although perovskite PV technology boasts certain advantages in ultra-lightweight design, low costs, and high radiation resistance, its long-term reliability in extreme space environments, mass production consistency, and full-cycle comprehensive cost-effectiveness all need to be verified through more practical tests.
More crucially, as an emerging frontier field, space PV involves complex technical verification procedures and a lengthy overall cycle. At present, relevant technologies and products are in the R&D and verification stage, with technical routes not yet fully finalized. Whether it can eventually replace the existing mainstream technical routes remains uncertain.
Source：EnergyTrend
