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Enphase Energy Inc. plans to open four to six manufacturing lines in the US following the passage of the country’s landmark legislation that provides funding for clean power projects.
The company, which makes components that convert solar electricity into usable energy, is working with three contract manufacturing partners.
According to Enphase CEO Badri Kothandaraman, they expect the new lines to open by the second half of 2023.
The United States may be on the cusp of a cleantech manufacturing boom after relying for years on Chinese companies for the majority of its clean energy supply.
The Inflation Reduction Act, approved by Congress this summer, offers hefty incentives to stimulate new solar and battery manufacturing.
In part to reduce some of the restrictions that have slowed shipments since the onset of the pandemic, several manufacturers are eager to produce supplies closer to their consumers.
Shortly after the climate bill passed, the biggest panel maker in the US, First Solar Inc., announced plans to invest $1.2 billion to expand its US manufacturing capacity.
