October 20, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Since the passage of the Inflation Reduction Act of 2022 (IRA), many companies have expressed interest in establishing or expanding U.S. manufacturing operations for solar panels. Incentivized by the legislation, companies like Hanwha QCells (Seoul, South Korea) and First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) are establishing large plants to manufacture solar panels throughout the U.S. QCells recently completed the expansion of a panel manufacturing plant in Dalton, Georgia, and is preparing to open another plant nearby, while other solar companies work to establish their own U.S. manufacturing bases.
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