SunShot-Supported Companies to Build One of the World’s Largest Module Factories
|Positive Impact:||EERE SunShot partners, Silevo and SolarCity to build one of the world’s largest module factories creating more than 1,000 jobs.|
|EERE Investment:||$3 Million|
|Clean Energy Sector:||Renewable electricity generation|
EERE SunShot partners, Silevo and SolarCity have announced plans to join forces to build one of the world’s largest module factories in Buffalo, New York. Solar City is acquiring Silevo, a solar panel technology and manufacturing company whose modules have demonstrated a combination of high energy output and low cost. The expansion of the factory in Buffalo is estimated to create more than 1,000 jobs.
Solar City has also stepped into Silevo’s negotiations with the state of New York to locate a new solar panel manufacturing plant, re-shoring the company’s manufacturing facilities from China. At a targeted capacity greater than 1 GW within the next two years, this facility will be one of the single largest solar panel production plants in the world. In subsequent years, Solar City plans to construct one or more significantly larger U.S. plants at an order of magnitude greater annual production capacity, as part of a newly-announced plan to build out significant domestic solar manufacturing capacity in order to achieve a major breakthrough in the cost of solar power.
The Solar Energy Technologies Office (SETO) focuses on achieving the goals of the SunShot Initiative, which seeks to make solar energy cost-competitive with other forms of electricity by the end of the decade.