ExpansionJun 22, 2026, 04:47 PM
TOYO to build $357M 1.5 GW solar cell plant in Houston, creating 400 jobs
AI Summary
TOYO Co., Ltd. announced a strategic expansion of its U.S. manufacturing platform by building a new 1.5 GW heterojunction (HJT) solar cell manufacturing facility in Houston, Texas. This project involves a projected capital investment of approximately $357 million and is expected to create 400 direct manufacturing jobs. The company also secured two master supply agreements with major U.S. solar energy developers, totaling $185.6 million in cumulative purchase orders for high-efficiency solar modules. This expansion aims to achieve operational synergies, reduce logistics costs, and comply with FEOC standards and Inflation Reduction Act incentives.
Key Highlights
- TOYO to build a 1.5 GW heterojunction (HJT) solar cell manufacturing facility in Houston, Texas.
- Projected capital investment for the new facility is approximately $357 million.
- The expansion is expected to create approximately 400 direct manufacturing jobs.
- Secured two master supply agreements totaling $185.6 million in cumulative purchase orders.
- Facility completion and initial pilot production are expected within 20 months.
- The new facility qualifies for $0.04 per watt Advanced Manufacturing Production Credits under the IRA.
- All modules supplied under new agreements will use non-Chinese wafer sourcing channels.
Price Impact
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