Disruptionother · September 1, 2026

China's solar power installed capacity surpasses coal power for the first time

New solar generating capacity overtakes coal power, signaling a major shift in energy supply mix.

The trace

How it reaches your house.

Starting from State Grid Corporation of China (SGCC), we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.

First impact
GCL Technology Holdings →Prices rise
Solar-Grade Polysilicon
China’s PV capacity overtaking coal points to stronger solar buildout, which should raise demand for GCL’s solar-grade polysilicon; the edge is material given 18% market share, low substitutability, and long replacement lead time.
62% confidence
State Grid Corporation of China (SGCC) →supply up
Electricity (electrolytic refining)
China's solar capacity overtaking coal signals more non-coal electricity capacity in the system, which should ease availability of SGCC's electricity input, though installed capacity is only an indirect proxy for delivered power.
57% confidence
Hop 2
Electricity (electrolytic refining) →supply up
China
China accounts for 57% of the supply share for this electricity input, so a solar-over-coal capacity crossover in China should improve electricity availability into electrolytic refining there.
72% confidence
Hop 3
China →Stands to benefit
e.l.f. Beauty, Inc.ELF
Because substantially all third-party suppliers and manufacturers are in China, a China-wide shift toward more solar power can modestly improve the sourcing/manufacturing environment supporting e.l.f.'s supply chain.
46% confidence
China →Stands to benefit
Mettler-Toledo International Inc.MTD
Mettler-Toledo says its Chinese operations accounted for about 29% of global production, so China's power-mix shift can meaningfully support its manufacturing base there.
43% confidence
China →Stands to benefit

Where it lands

What you buy, and what you own.

Goods you buy

No consumer goods on this path.

Companies you may own

ELFMTDHBBROST

Tap a company to see what it told the SEC could break it.

In the MyPRIA app, this is checked against your own holdings.

How it reaches your house.

First impact

GCL Technology Holdings →Prices rise

Solar-Grade Polysilicon

China’s PV capacity overtaking coal points to stronger solar buildout, which should raise demand for GCL’s solar-grade polysilicon; the edge is material given 18% market share, low substitutability, and long replacement lead time.

62% confidence

State Grid Corporation of China (SGCC) →supply up

Electricity (electrolytic refining)

China's solar capacity overtaking coal signals more non-coal electricity capacity in the system, which should ease availability of SGCC's electricity input, though installed capacity is only an indirect proxy for delivered power.

57% confidence

Hop 2

Electricity (electrolytic refining) →supply up

China

China accounts for 57% of the supply share for this electricity input, so a solar-over-coal capacity crossover in China should improve electricity availability into electrolytic refining there.

72% confidence

Hop 3

China →Stands to benefit

e.l.f. Beauty, Inc.ELF

Because substantially all third-party suppliers and manufacturers are in China, a China-wide shift toward more solar power can modestly improve the sourcing/manufacturing environment supporting e.l.f.'s supply chain.

46% confidence

China →Stands to benefit

Mettler-Toledo International Inc.MTD

Mettler-Toledo says its Chinese operations accounted for about 29% of global production, so China's power-mix shift can meaningfully support its manufacturing base there.

43% confidence

China →Stands to benefit