The companies’ goal is to reach an annual production capacity of 20 GW by the end of 2025. Manufacturing operations are scheduled to begin in the second quarter of next year.
Stateside Revkor Energy Holdings Inc and German Industrial Equipment supplier H2 Gemini Technology Consulting GmbH have announced plans to build a solar cell and module factory in Salt Lake City, Utah, USA.
“Under the terms of the partnership, Revkor and H2 Gemini will collaborate to establish efficient production of HJT PV cells and modules at multiple project sites with a target capacity of 20 GW by 2026,” the companies said in a joint statement. “The first phase of the project focuses on the construction of a 5 GW annual production facility, with the goal of production starting in the second quarter of 2024.”
The partners already have a million-square-foot production facility under construction.
In the Utah partnership, H2 Gemini is responsible for supplying HJT/perovskite manufacturing equipment and providing project management for HJT production lines, delivering, implementing production processes and transferring IP technology.
Revkor secures the remaining funding for the manufacturing and research facilities, which is estimated to be in excess of several billion dollars. The company is involved in several financing programs that are part of the Inflation Reduction Act and the Ministry of Energy’s loan guarantee program and the CHIPS Act. The Department of Economic Development in Salt Lake City, Utah and the Governor’s Office have also been approached for financial support.
There are also plans to establish a research center, the second million-square-foot facility in the manufacturing complex. According to the partnership, it aims to use its manufacturing and research center in Utah to develop perovskite and graphene, plastic recycling and new tire vulcanization methods.
Headquartered in Miami, Florida, Revkor is involved in many aspects of the solar industry, from solar cell and module manufacturing to EPC services and electrical contracting. Last year, the company received the exclusive right to manufacture HJT solar cells and modules in North America and the Middle East from Suzhou Maxwell Technology.
H2Gemini, operating in Switzerland and Germany, specializes in manufacturing equipment for the production of high-efficiency solar cells. The company was founded and is managed by two former managers from Meyer Burger and Schmid Group