Manufacturing

The SEIA has published research concluding that solar and storage companies have added over US$100 billion to the US economy.

The world’s top 10 solar inverter providers accounted for 86% market share in 2022, a year where the market saw a 48% increase in size year-on-year (YoY).

Norwegian solar wafer manufacturer NorSun has closed NOK90 million (US$8.5 million) in equity financing to support its expansion in Europe and the US.

Total module shipments were up 36.2%, from 13GW in Q1, and n-type shipments rose 74.1%, up from just under 6GW.

California-based perovskite solar startup Caelux has closed US$12 million in Series A3 financing to support its factory expansion in Baldwin Park, California, research and development (R&D) and eventual product launch.

Solar module manufacturer Maxeon Solar Technologies has posted a slightly dropped financial performance as its adjusted EBITDA for the second quarter of 2023 decreased by 2.4% to US$30.2 million.

Trina Solar has produced the first of its 210mm n-type i-TOPCon cells at its production facility in Qinghai province, China, as the scale of n-type solar production continues to ramp up across the industry.

Thin-film solar PV manufacturer First Solar has confirmed the Louisiana location of its fifth US manufacturing facility, a 3.5GW, US$1.1 billion dollar Cadmium Telluride (CadTel) module production factory.

Solar manufacturer Canadian Solar has signed a 7GW module supply agreement with EDF Renewables North America.

Nextracker and electronics component manufacturer Asteelflash, a subsidiary of electronics design and manufacturing company Universal Scientific Industrial (USI), have opened a manufacturing line to produce Nextracker’s patented components for solar tracking technology in California.