Showing results for "rec silicon"

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New laws will boost REC Silicon bottom line
September 10, 2022 1 a.m.

New laws will boost REC Silicon bottom line

OSLO, Norway — Despite posting a loss for the second quarter of 2022, REC Silicon President and CEO James May said the restart of the company’s solar-grade polysilicon production facility in Moses Lake is looking better than originally forecast, thanks largely to major federal legislation aimed at creating and supporting solar power component production in the United States. Speaking during a conference call late Tuesday — early Wednesday morning in Norway, where the company has its headquarters and is publicly traded — May said REC Silicon is also negotiating an arrangement to sell 100% of its solar-grade polysilicon output to South Korean solar panel maker Hanwha Solutions, and expects that deal will be finalized later this year. “Moses Lake restart is looking better and better,” May said during the conference call.

REC Silicon reopens, closes in Moses Lake during bumpy journey
February 2, 2025 1 a.m.

REC Silicon reopens, closes in Moses Lake during bumpy journey

MOSES LAKE — The owners of REC Silicon announced Dec. 31 the company would shutter its Moses Lake facility, with the closure projected to take about three months. Both polysilicon and silane gas were produced in Moses Lake. Polysilicon is used in the manufacture of solar panels and in the electronics industry. Silicon gas is used in battery production, among other things. “Production of polysilicon will be discontinued at the Moses Lake facility, while equipment involved in the production of silicon gases will be maintained in a safe and recoverable mode that incurs minimal interim costs, allowing the unit to restart with reasonable notice,” the press release said.

REC posts loss, but CEO still optimistic
August 27, 2018 5 a.m.

REC posts loss, but CEO still optimistic

REC posts loss, but CEO still optimistic

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