![]() ![]() Combing Qcells’ solar panels and energy storage system with Samsung’s Eco Heating System, it will lower heating bills for households in Europe. Qcells is working with Samsung Electronics to introduce a smart heating system with the aim of hitting the market in June. REC Silicon similarly uses hydropower to make solar-grade polysilicon at its production facility in Moses Lake, Wash.įaced with soaring energy prices in Europe, the company also came up with solutions to lower heating bills. In March, the company became the largest shareholder of REC Silicon, the Norway-headquartered polysilicon manufacturer, which operates massive production facilities in the US. ![]() ![]() Other sources are providing low-carbon polysilicon to Hanwha as well. OCI will provide Hanwha with “clean polysilicon” for the next 10 years. In April, the company agreed with Korean polysilicon manufacturer OCI to receive polysilicon made in factories using carbon-free hydroelectricity. To improve and further decarbonize its solar panel production process, Hanwha Solutions will secure low-carbon polysilicon from manufacturers around the world. That way, we will contribute to both energy security and net-zero emissions.” “To do this, Qcells will increase renewable supply from diversified sources and find cleaner ways to produce energy. “Growing uncertainties tell us that securing reliable, sustainable energy has become more important than ever before,” states Justin Lee, CEO of Hanwha Qcells. Already worsened by a global supply squeeze during the pandemic, these price fluctuations have prompted calls around the world to reduce fossil fuel dependence aiming for energy security and carbon reduction. The investments aim to address growing demand for renewable energy, as ongoing energy market turbulence has sent fossil fuel prices soaring. It is the first investment in Korean solar cell manufacturing in five years. When the factory expansions are complete next year, overall cell capacity in Korea will be 5.4 GW. By investing $150 million, the company will expand its cell factory in there. The company also announced its plan to expand cell production capacity in Korea. will exceed 3 GW – equivalent to one-third of current U.S. With the new factory expected to come online as early as the first half of 2023, Qcells’ total production capacity in the U.S. Qcells already operates a 1.7 GW module factory in Dalton, Ga. Hanwha said it will seek to spend $170 million building a 1.4 GW solar module production facility in the U.S. Hanwha Solutions, a Korean company that owns clean energy solutions provider Qcells, has received a $320 million investment plan for solar manufacturing expansion in the United States and Korea with the aim of providing secure, cleaner energy amid mounting calls for energy security and net-zero emissions. ![]()
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