The two companies are collaborating on a new venture that will bring 5 GW of solar cells and 5 GW of solar modules to the US and European markets.
Dean Solon, founder, CEO and president of Create Energy and Shoals Technologies Group, along with Hamlet Tunyan, CEO of Recom Technologies, announced the launch of ReCreate. This new venture will establish a state-of-the-art manufacturing facility in Tennessee with planned production of up to 5 GW of modules and 5 GW of cells for the North American and European markets.
The Inflation Reduction Act (IRA) of 2022 has boosted solar energy production in the US with production tax credits for manufacturers and investment tax credits for developers using domestic content. Wood Mackenzie estimates 144 GW of announced module production capacity, 71 GW of cell production capacity and 61 GW of wafer production capacity by 2027. Compare this to the 26 GW of module capacity we have today, along with little or no wafer or cell production. and ReCreate’s expected 5 GW of cells and modules will significantly strengthen the supply.
The plant is located at Create Energy’s manufacturing facility in Portland, Tennessee. Create is a US-based renewable energy company founded by Solon that produces products ranging from transformers, switchgear, PV, BESS and EV solutions, as well as full turnkey EPC services. Solon is known for his creative leadership in the renewable energy industry, with more than 30 years of experience driving engineering, innovation and manufacturing growth in both the U.S. and global markets.
“We are excited to ignite the rocket engines of this new venture and deliver high-quality, American-made solar energy solutions,” said Solon. “At Create Energy, our mission is to recreate the renewable energy market and provide comprehensive solutions for solar, BESS and eMobility projects. ReCreate will set the standard for the solar panel and cell market.”
Well-known in the European renewables sector, Tunyan has decades of expertise in clean technology production, project investments and development. RECOM Technologies is a manufacturer of modules, cells, inverters, hybrid storage systems, batteries and chargers for electric vehicles (EV). The company integrates R&D, production and distribution, with an annual production capacity of more than 3.2 GW and sales in more than 110 countries.
Commenting on the partnership with Solon, Tunyan said: “This project represents a significant advancement in our commitment to renewable energy and innovation. By manufacturing in the US, we support the local economy and set new industry standards. By partnering with Dean Solon, whose expertise and vision are unparalleled, we are expanding our ability to deliver exceptional solar solutions and drive meaningful change in the energy sector.”
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