The company reports that disappointing earnings are the result of ongoing supply chain constraints affecting global shipments and order timing, indicating that it will pursue an additional price increase in 2023.
The recent Hanwha investment will enable a re-start of the currently idle Moses Lake plant in 2023 and make available high volumes of cost competitive, high quality, and low carbon solar grade polysilicon.
Also on the rise: REC Silicon and Ferroglobe agreement will help establish fully traceable US-based solar supply chain. Toyota unveils 8.7 kWh battery for residential applications. And more.
Hanwha Group investment and potential passage of SEMA legislation could expand US production of polysilicon and metallurgical grade silicon.
Hanwha Solutions becomes the largest shareholder of REC Silicon and, pending passage of SEMA, commits to a multi-phase, multi-billion-dollar expansion across the full solar energy supply chain.
REC Silicon ASA got a boost by Hanwha Solutions’ investment and is now looking to restart Moses Lake facility, along with eyeing opportunities in battery materials.
The Norwegian polysilicon maker has been been frozen out of the Chinese solar market by political tensions between Beijing and the U.S. and mothballed its Washington State production line last year. However, two recent business agreements could change all that.
As the world accelerates towards decreasing carbon emissions, so too should the solar industry’s supply chain. This was the idea that has led to the founding of the Ultra Low-Carbon Solar Alliance, which officially launched today.
The Norwegian polysilicon and silane gas producer has announced it will listen to offers for its production facility in Butte, Montana after mothballing its other manufacturing operation – at Moses Lake, Washington – in the summer.
The Norwegian polysilicon supplier – which has most of its manufacturing operations on U.S. soil – cannot give any estimate on when its production of polysilicon for solar will return, and has been left entirely dependent on the semiconductor products made by its Montana facility.
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