Silicor signs equipment supplier for ‘lowest-cost’ Iceland poly fab

Facebook
Twitter
LinkedIn
Reddit
Email

Polysilicon producer, Silicor Materials, has signed German conglomerate, SMS Siemag, to supply equipment and factory design services for a planned new plant in Iceland.

California-headquartered Silicor hopes the plant will produce the world’s cheapest solar silicon via an aluminium smelting process that transforms metallurgical-grade silicon into the higher-purity variant needed for PV applications.   

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Further cost advantages are expected from the location for the plant, first announced last year, which was chosen because of Iceland’s cheap geothermal energy and the availability of aluminium needed for the process. Silicor claims its process consumes two-thirds less energy than others, resulting in a lower-cost alternative variety of polysilicon. A figure of US$9/kg was touted last year.

Under the deal confirmed today with SMS Siemag, the companies will develop a plant with a guaranteed throughput of 16,000MT.

SMS will supply all the plant’s equipment as well as the technical and installation support needed to complete the plant.

Silicor said it expected the Iceland plant to be first in a series of facilities it would work on with SMS.

“The Silicor project provides the potential to fundamentally improve the supply chain for the production of solar silicon,” said Dr. Guido Kleinschmidt, member of the SMS Siemag executive board at SMS Siemag. “It is based on the environmentally friendly utilisation of Iceland’s natural resource of renewable energy, which fully complies with SMS’ ‘Ecoplants’ vision to provide ecological and economical optimised metallurgical plants.”

“We’re taking meaningful steps to get this plant off the ground in an aggressive timeframe, and the progress we’ve made in just a few months underscores our commitment to both the Icelandic community and to our customers,” said Silicor Materials CEO Theresa Jester. “SMS Siemag has nearly 140 years’ experience with projects of this type in the metals business, which makes the company a natural partner as we ramp production. Together, we are working to revolutionise the economics of the solar industry.”

Silicor has engaged Iceland’s Arion Bank to provide debt financing for the new plant.

Read Next

June 15, 2026
HVR Solar has signed a series of agreements to develop of a 1.2GW TOPCon solar cell manufacturing plant in Amroha, Uttar Pradesh. 
June 15, 2026
SECI is inviting bids for 4,800MWh of firm and dispatchable renewable energy capacity supported by co-located energy storage systems. 
June 15, 2026
Enphase Energy has launched its IQ9N Microinverter, which uses gallium nitride (GaN) technology, for the European residential solar sector.
June 15, 2026
CPUC has finalised details of its community solar, which has been dismissed as 'unworkable and destined for continued failure' by CLASS.
June 15, 2026
SmartHelio, the Swiss solar predictive analytics specialists, has secured new investment from the technology funder quantumEDGE Ventures to develop its technology and expand into new markets.
June 15, 2026
New Zealand gentailer Contact Energy has completed installation of all solar modules at the 150MW Kōwhai Park solar PV power plant at Christchurch Airport.

Upcoming Events

Solar Media Events
June 16, 2026
Napa, USA
Media Partners, Solar Media Events
June 30, 2026
Sacramento, California
Media Partners, Solar Media Events
August 25, 2026
São Paulo, Brazil
Media Partners, Solar Media Events
September 1, 2026
Mexico City, Mexico
Media Partners, Solar Media Events
September 9, 2026