TOYO Co., Ltd. (Nasdaq: TOYO) has announced a $357 million capital investment to construct a 1.5 GW N-type heterojunction (HJT) solar cell manufacturing facility co-located with its existing module plant in the Houston metropolitan area to secure Section 45X tax credits and establish a fully integrated, domestic content-compliant U.S. supply chain.
TOYO Co., Ltd. has announced a $357 million capital investment to construct a 1.5 GW N-type heterojunction (HJT) solar cell manufacturing facility in the Houston metropolitan area.
The project co-locates cell production with its existing Texas module plant to secure Section 45X tax credits and establish a fully integrated, domestic content-compliant U.S. supply chain. The integration is designed to shorten production cycles from raw wafer processing to finished modules.
Engineering, facility design, and procurement planning are already underway, with full project completion and initial pilot production expected within the next 20 months. Utilizing the existing Houston site infrastructure mitigates greenfield development risks, streamlines local permitting processes, and allows the company to leverage its existing regional management team and labor pool, said the company.
