US solar manufacturing gets boost with $2.5B Georgia deal

GreenTech

The Inflation Reduction Act has clearly kickstarted investment in U.S. clean energy manufacturing. Last year, automakers and battery manufacturers announced that they’d spend tens of billions of dollars to ramp up EV production in the U.S. Now it’s solar’s turn.

Today, Korean solar manufacturer Hanwha Qcells announced that it’ll spend $2.5 billion to build a new plant in Georgia and expand an existing one.

The new plant will crank out 3.3 gigawatts of solar panels annually. That’s enough to supply nearly a fifth of current U.S. demand. Expansion at the other plant will add another 2 gigawatts of capacity. When completed, Qcells’ Georgia facilities will employ 2,500 people and will be capable of making 8.4 gigawatts of solar panels, cementing the Peach State’s status as a leader in solar manufacturing.

Qcells’ new campus won’t just be a final assembly plant, either. It will handle just about everything, from turning polysilicon into ingots, slicing ingots into wafters, turning wafers into cells and packing cells into panels. It’s a level of vertical integration that is seldom seen in the U.S.

Products You May Like

Articles You May Like

Arize AI hopes it has first-mover advantage in AI observability
Hightouch raises $80M on a $1.2B valuation for marketing tools powered by AI
Guidde taps AI to help create software training videos
Safe Superintelligence, Ilya Sutskever’s AI startup, is reportedly close to raising roughly $1B
Lingo.dev is an app localization engine for developers

Leave a Reply

Your email address will not be published. Required fields are marked *