HOUSTON — Tokyo-based solar manufacturing company TOYO Co. Ltd. (NASDAQ: TOYO) has unveiled plans to expand its U.S. manufacturing platform by building a 1.5 gigawatt (GW) solar cell manufacturing facility that will be co-located at the company’s existing solar module site in metro Houston. The project is intended to create an integrated manufacturing hub that is expected to generate approximately 400 direct full-time manufacturing jobs.
The expansion represents a total projected capital investment of approximately $357 million. Engineering, facility design and procurement planning are underway, with full project completion and initial pilot production expected within 20 months. The project will be carried out in structured phases to ensure compliance with local regulatory frameworks and permitting timelines.
The facility will produce next-generation heterojunction (HJT) solar cells. Engineered for maximum yield, HJT cells utilize a technology that delivers an optimal temperature coefficient, ensuring high power production even in extreme heat, according to TOYO.
By co-locating the facility with its module operations, TOYO expects to achieve operational synergies, reduce localized logistics costs and shorten the production cycle.
“Expanding into domestic cell manufacturing is the natural next step in our commitment to creating an integrated onshore solar supply chain from polysilicon to panels,” says Takahiko Onozuka, chairman and CEO of TOYO.
Under current U.S. framework guidelines, domestic cell manufacturing qualifies for direct Advanced Manufacturing Production Credits, which provide 4 cents per watt for domestically produced solar cells. The full 1.5 GW capacity represents a potential annual benefit of up to $60 million in production tax credits.
TOYO’s stock price opened at $13.16 per share Wednesday, June 10, up from $3.30 one year ago, a nearly 300 percent increase.
— Kristin Harlow
Panelists will break down how a unified Campus‑to‑Community access strategy can simplify and improve the entire student housing lifecycle.
Connect with Alabama’s top retail decision-makers, exchange ideas, and gain a clearer picture of where the market is headed.
Network with decision-makers in the Alabama apartment market and hear from leading multifamily executives at InterFace Alabama Multifamily.
InterFace Net Lease West combines high-level market information and networking and brings together leading NNN and sale-leaseback dealmakers.
This exciting, one-and-a-half day conference, will bring together the leading players in the active adult space.
Join this seniors housing webinar and learn how operators can align their offerings with modern resident preferences.
Connect with multifamily decision-makers as they discuss the latest trends and challenges in Indianapolis’ multifamily sector.
Join retail real estate leaders will gather to discuss the opportunities, challenges, and innovations shaping the Kansas City market.
Gain valuable insights into investment activity, development pipelines, design & amenity trends, leasing strategies, and property operations.
The InterFace Kansas City Industrial conference will bring together leading commercial real estate executives who are buying, selling, developing, redeveloping, leasing, or financing industrial properties in Kansas City and surrounding markets. Gain …
InterFace Seniors Housing Southeast is the region’s premier gathering for seniors housing investment, development, operations & financing.
Discuss the challenges/opportunities shaping Houston’s dynamic retail landscape with key decision-makers across the region.
Gain valuable insights from industry experts as they discuss the latest trends in industrial development and investment in Houston.
Gain insight into the factors shaping the market & hear from leaders driving new retail across metro Phoenix.
Assess & discuss multifamily market trends, capital, deal flow, design, leasing, and management strategies in today’s evolving environment.
Explore the latest trends in development/investment, & how logistics, design, & technology are influencing industrial real estate in Arizona.
Join leading decision makers of multifamily properties from across Texas, to discuss the Dallas, Houston, San Antonio, & Austin markets.
Gain valuable perspectives on the trends, legislation, and market forces shaping affordable and workforce housing in California.
©2026 France Publications, dba France Media Inc.
