Hanwha Options, Qcells’ proprietor, has introduced a US$320 million funding plan for photo voltaic manufacturing growth within the US and South Korea geared toward offering safe, end-to-end vitality amid a local weather of strained vitality safety and rising demand for net-zero emissions.
Hanwha Options introduced that it’s going to spend US$170 million to construct a brand new 1.4GW photo voltaic module facility within the US to enrich the prevailing 1.7GW manufacturing facility in Dalton, Georgia, bringing Qcells’ manufacturing capability within the US to greater than 3GW.
The growth will enhance US home photo voltaic manufacturing in addition to rising the clear vitality trade generally, bringing extra jobs, safety and investor confidence to a lately turbocharged sector after the passing of the Inflation Discount Act (IRA).
The IRA is broadly anticipated to usher in a large number of alternatives for clear vitality development within the US and Qcells has dedicated to changing into an entire vitality options supplier and rebuilding the US photo voltaic worth chain with full American Made Low-Carbon Photo voltaic Options.
This long-haul dedication ranges from world investments in clear uncooked supplies by dad or mum firm Hanwha Options to end-customer merchandise that assist the typical house owner take full possession of their clear vitality footprint.
To this finish, Qcells has launched its new Q.HOME CORE vitality storage answer. The Q.HOME CORE is the latest era storage system from Qcells, integrating a photo voltaic inverter (Q.VOLT) with a modular, scalable battery system (Q.SAVE) and backup interface (Q.HOME HUB) and an inclusive 10-year product guarantee for efficiency peace of thoughts.
“The Q.HOME CORE addition to our rising suite of full vitality options gives owners with higher management over their vitality use via a versatile, scalable battery system and inclusive guarantee, all backed by one model,” mentioned Qcells North America president David Shin.
“We’re excited to supply our installer companions and owners the Q.HOME CORE answer, which might present the peace of thoughts that comes with complete residence backup, particularly given document heatwaves and energy outages. The brand new system additionally incorporates a simplified set up course of and is constructed with security in thoughts,” added Shin.
Qcells has held the No. 1 market share place within the US residential photo voltaic area for 5 years working, from 2018 to H1 2022, in line with the Q2 2022 US PV Leaderboard report by vitality analysis and consultancy agency Wooden Mackenzie (WoodMac). That is highlighted by 28.6% market share of the house module section between Jan-Jun 2022, particularly 30.5% in Q2, the very best quarter ever since Qcells first reached the No.1 place in 2018. By including a scalable, plug-and-play storage element, Qcells is hoping to additional consolidate this place at a time when dependability in vitality safety is paramount.
With the most recent capability bulletins in Dalton, Qcells is doubling down on its dedication to US manufacturing and is raring to ship extra funding throughout the total photo voltaic provide chain. Hanwha Options lately made giant investments in REC Silicon’s US services, in a transfer that additional strengthens Qcells’ potential to supply domestically sourced, sustainable and transparently produced elements for the tip buyer.
WoodMac knowledge additionally confirmed that Qcells has market management within the business sector, claiming greater than 20% of module gross sales in H1 2022 (21.3% in Q2) to retain the No. 1 place that the corporate has held since 2019.