The company remains profitable, generating $41.8 million in free cash flow, despite a slumping market.
Also on the rise: Microsoft signs two large solar power purchase agreements. Amphenol begins operations at solar junction box factory in Arizona. And more.
Sinovoltaics is studying the changes in the supply chains in manufacturing hubs in Europe and North America to determine site capacity, current and planned, for dozens of manufacturers. The results are being published in free reports.
In the Australian leg of its global strategy, US-based tracker supplier Nextracker will use locally produced steel for a major project.
Spanish inverter manufacturer Power Electronics has an annual inverter production capacity of 30 GW, but it now plans to build a new 20 GW manufacturing facility in the United States.
Also on the rise: U.S. solar industry week in review. U.S. expected to outpace Europe in lithium-ion battery cells. And more.
Also on the rise: Shoals to invest $80 million in Tennessee manufacturing expansion. Beaming radio frequency solar power from space. And more.
The electrical balance of systems provider serving the solar industry will move its manufacturing and distribution center to a new, larger facility.
Also on the rise: 26% of battery storage systems have fire detection and suppression issues. Solar glass manufacturing comes to Georgia. And more.
Solarcycle plans to invest an estimated $344 million in a solar glass manufacturing facility, bringing 600 new full-time jobs to Polk County and bolstering the U.S. solar supply chain.
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