Aurora Solar Technologies Inc.
Climate Impact & Sustainability Data (2024-01 to 2024-09)
Reporting Period: 2024-01 to 2024-09
Environmental Metrics
Social Achievements
- Issued 1,250,000 options to employees.
Climate Goals & Targets
Short-term Goals:
- Diversify core offline equipment business beyond China.
- Drive transformation into a strategic inline production system provider through the Intelligent PL Solutions platform.
Environmental Challenges
- Softening in sales and pipeline opportunities due to manufacturing and supply chain realignments and market slowdown in China.
- Weaker Chinese economy, overcapacity issues, and tariffs reduced demand for offline products.
Mitigation Strategies
- Operational restructuring
- Diversification of core offline equipment business beyond China (secured new orders from India, Japan, and the US)
- Transformation into a strategic inline production system provider through the Intelligent PL Solutions platform (collaboration agreements with TOPCon manufacturer and research institution)
- Cost control strategies to ensure sufficient working capital.