The announcement comes at a time where global polysilicon prices are trending downward below production costs. Image: Highland Materials
In April, US polysilicon producer Highland Materials secured US$256 million in tax credits to build a new polysilicon factory in north-east Tennessee-the first greenfield polysilicon plant to be announced outside of China for many years.
The funding was part of the US Department of Energy (DOE)’s award of 48C tax credits, announced earlier this year under the Inflation Reduction Act (IRA), to support more than 100 projects in the acceleration of clean energy manufacturing and recycling at industrial facilities. This included US firm Highland Materials’ facility, which aims to initially produce 16,000 metric tons per year of solar-grade polysilicon, as part of efforts to help foster a vertical solar PV supply chain in the US.
(The above content is reproduced from pv-tech，By Tom Kenning）
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