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The Swiss solar module manufacturer stated they will transition all of its manufacturing away from plastic.
Located in Brighton, Colorado, the facility will become the first large-scale commercial advanced manufacturing center for silicon anode lithium-ion batteries by the time it opens in 2025. The facility will be built in phases, with the first phase starting with an initial 500 MWh of production at the facility which at full scale will produce 5 GWh.
As many as 22 million solar panels will be sold by the U.S. manufacturer as a result of the deals. The company generated $1 billion in revenue in Q4 2022.
The developer ordered 4 GW of U.S.-made thin-film solar panels, adding to the 4.3 GW ordered in 2021.
Li-Cycle received a conditional loan from the U.S. Department of Energy through its Advanced Technologies Vehicles Manufacturing program.
The deal expands upon the master supply agreement between the two solar businesses that includes a 4 GW transaction announced in April 2022 and, more recently, a 700 MW commitment announced in October 2022.
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The Elite Series of solar modules for residential solar installations feature conductive backsheets for improved production.
Multiple deals signed over the last six months have shown solar panel manufacturers using long- term solar module supply agreements with developers to drive factory finance.
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