REC Silicon’s planned Moses Lake reopening underpinned by Inflation Reduction Act, CEO says

Facebook
Twitter
LinkedIn
Reddit
Email
REC Silicon’s Moses Lake facility has been shuttered since 2019. Image: REC Silicon.

REC Silicon is progressing with efforts to restart operations at its Moses Lake polysilicon production facility in the US, a move the company said is underpinned by the passage of the country’s Inflation Reduction Act (IRA).

The Norwegian polysilicon manufacturer plans to start production at the 18,000MT Moses Lake plant, in Washington state, in Q4 2023 and reach 100% capacity utilisation at the facility by the end of 2024.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Modification of fluidised bed reactor (FBR) technology at the site is currently underway, as the company progresses with materials and equipment procurement and hires for positions critical to restarting activities.

With President Biden signing the Inflation Reduction Act into law yesterday, REC Silicon CEO James May said the company’s US-based manufacturing facilities “are ideally positioned to ensure that the objectives of this landmark legislation are realised”.

He added: “The passage of this legislation underpins REC Silicon’s decision to restart 100% of our FBR production. Efforts are well underway to restart our Moses Lake facility.”

Included in the legislation is an Advanced Manufacturing Production Credit for PV components, with solar-grade polysilicon eligible for US$3/kg credit.

Publishing its Q2 2022 results today, REC Silicon reported polysilicon sales of 471MT, a 3% decline on the same quarter last year.

While revenues increased 26% year-on-year to US$45 million, the company posted an EBITDA loss of US$1.1 million.

Earlier this year South Korean chemical company Hanwha Solutions increased its stake in REC Silicon to 21.34%.

REC Silicon since said the investment “has sparked the impetus” to plan for the development of an end-to-end US solar supply chain.

The company announced a deal in June with silicon metal provider Ferroglobe that involves the negotiation of a raw material supply agreement between the pair.

Read Next

Premium
August 27, 2025
American Clean Power Association’s MJ Shiao assesses the state of US PV manufacturing in the wake of recent policy developments.
August 26, 2025
Daqo New Energy has posted gross losses of US$81.4 million in Q2 2025, up from losses of US$81.5 million in Q1.
August 20, 2025
Solar manufacturer T1 Energy has signed a 437MW module supply agreement with an as-yet undisclosed US utility.
August 14, 2025
The World Bank has approved a loan and investment worth up to US$250 million for United Solar’s planned polysilicon production plant in Oman.
August 14, 2025
Despite policy setbacks, US manufacturing has come a long way since 2022 and shows strong potential looking ahead. Jonathan Touriño Jacobo looks at the data.
August 12, 2025
US polysilicon company Highland Materials has signed a long-term lease for the site of a planned “next-generation” polysilicon production facility in Tennessee.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines