- ES Foundry signs a multi-year, 1+ GW agreement with a leading solar module producer to boost U.S. solar cell production and reduce reliance on imports.
- The deal aligns with federal tax incentives like the Domestic Content ITC, enabling developers to access cost savings and stabilise project timelines.
- Increased local production will create jobs, strengthen supply chains, and enhance U.S. energy security amid geopolitical tensions.
ES Foundry, a South Carolina-based solar cell manufacturer, has signed a multi-year agreement with a top solar module producer to reduce U.S. reliance on imported solar cells and increase domestic production. The deal, valued at over one gigawatt (GW+), strengthens the U.S. solar supply chain and reinforces local energy independence.
Despite its 40 GW domestic module manufacturing capacity, the U.S. solar industry depends heavily on imported cells. ES Foundry’s new partnership aims to correct this imbalance by offering a local supply option that minimises risks related to tariffs and global supply chain issues.
Industry analysts highlight the importance of this agreement. Geopolitical tensions and trade restrictions have threatened solar imports, making local production crucial. “A strong domestic supply stabilises the solar market and protects investors,” said a Wood Mackenzie analyst.
The deal aligns with federal incentives like the Domestic Content Investment Tax Credit (ITC), which rewards developers for sourcing materials domestically. By increasing solar cell production within the U.S., ES Foundry enables solar developers to access these tax benefits, reduce costs, and manage project timelines more effectively.
This agreement will also stimulate job creation in key clean energy sectors. ES Foundry will generate new jobs as its production expands, contributing to the solar industry and regional economic growth.
The U.S. energy market is evolving, with a clear focus on renewable energy and domestic content. Companies like ES Foundry are adapting to these changes by expanding their operations and positioning themselves as leaders in the industry’s future growth.
The deal offers several advantages for solar project developers, including quicker access to materials, fewer logistical challenges, and better control over project costs. As the U.S. solar market expands rapidly, reliable local supply chains will play a critical role in meeting increasing demand and tightening project deadlines.
ES Foundry’s agreement reflects the broader trend toward U.S. energy independence. The company enhances energy security by focusing on local production and tapping into federal support for domestic manufacturing. The partnership stabilises the U.S. solar market, providing greater certainty for investors and developers alike.
This move signifies a shift in the U.S. solar sector’s dynamics. By reducing import dependence, the industry strengthens its supply chain and supports the national goal of transitioning to clean energy while boosting local economic development.