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DYCM Power says it is going to construct an $800 million photo voltaic cell and module manufacturing unit within the United States, beginning with 2 GW of capability and planning to increase to six GW.
From pv journal USA
DYCM Power, a three way partnership fashioned by Das & Co., LLC and APC Holdings, LLC, introduced plans to construct a photo voltaic cell and module manufacturing unit within the United States.
The manufacturing unit is anticipated to require about $800 million in capital expenditure. It will initially produce 2 GW of each cells and modules per 12 months, with a deliberate growth to six GW.
“The Inflation Reduction Act creates a novel alternative for the US to re-establish itself as a frontrunner in photo voltaic manufacturing,” stated Sriram Das, co-founder and govt chairman of DYCM Power.
DYCM Power’s built-in facility will manufacture superior tunnel oxide passivated contact (TOPCon) cells and assemble them into modules, with shipments anticipated to start within the first half of 2026. The firm is at the moment finalizing the positioning choice course of within the southeastern United States.
The module maker stated that its merchandise are anticipated to fulfill the necessities of the content material with full provide chain traceability and transparency. The manufacturing unit can be constructed with assist from accomplice Macquarie Capital.
“Our partnership with Macquarie Capital is a defining second for DYCM Power,” stated Richard Powell, co-founder and president of DYCM Power. “Working with probably the most skilled and revered names in clear power funding worldwide, we can scale sooner to fulfill the numerous unmet wants of our prospects within the subsequent decade, and within the course of created a whole bunch of well-paying photo voltaic manufacturing jobs and had a big affect on the US financial system.”
Mortenson, a photo voltaic engineering, procurement, development (EPC) contractor, will handle the engineering and development of the power. The firm has put in greater than 95 photo voltaic tasks throughout 17 US states, offering greater than 10 GW of capability.
ECM Greentech Engineering, a part of the ECM Group, can be a key strategic accomplice, offering DYCM with turn-key traces for the manufacturing of silicon photo voltaic cells and photo voltaic panel meeting. The firm makes a speciality of designing industrial silicon progress furnaces and gear for the photo voltaic cell and semiconductor industries.
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