The company plans to add 300 MW of production capacity immediately and targets 1 GW of annual production expansion by 2024.
By investing in factories to build zinc-ion batteries for energy storage, the U.S. can rapidly establish a complete energy storage supply chain.
Also on the rise: Annual added PV capacity will more than quadruple to 650 GW in 2030, says IEA. Wood Mackenzie acquired by Veritas Capital. And more.
The North American solar panel assembler added significant capacity to its existing 150 MW operation in Minnesota.
Researchers suggest that from 2008 to 2020, the globalization of solar module manufacturing has saved $67 Billion for U.S., German, and Chinese solar installers, even as it was heavily dominated by China’s investments.
Also on the rise: A globalized supply chain is key to cutting costs in solar module manufacturing. Enphase to open several U.S. manufacturing lines. And more.
The solar inverter provider’s announcement was made amid a Q3 earnings call with record revenues reported.
While still using conventional lithium-ion raw materials, 24M’s technology is said to reduce the number of steps required to manufacture battery cells and thereby the cost by up to 40%. The US company’s SemiSolid design is also said to deliver improved energy density, safety and recyclability.
The Asia Europe Clean Energy (Solar) Advisory revealed that most of the planned new solar cell production capacity relates to high-efficiency n-type cell technologies such as TOPCon and HJT.
The International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) estimates that 173.5 GW of new solar capacity was installed in 2021, and that figure might rise to 260 GW in 2022. pv magazine spoke with the co-chair of the European Solar Manufacturing Council to look into the figures.
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