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REC Silicon
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Developer of silane based, high-purity silicon materials for solar and electronics industries

Founded in 1996
Founded in

Company type Public Public (REC.OL)
Company type

Industry Group materials & chemicals

Sector industrial materials

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Norway Lysaker, Norway
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Updated by Cleantech Group on 09/30/2021

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Date Company
09/19/2024

Sila Nanotechnologies Sila Nanotechnologies

REC Silicon will supply Sila Nanotechnologies with silane for use in the production of Sila’s breakthrough nano-composite silicon anode material, Titan Silicon.

Confirmed by Sila Nanotechnologies
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Date Partner Type
10/13/2020
Group14 Technologies Group14 Technologies
Group14 and REC Silicon are partnering to develop a full-scale, co-located commercial production facility at REC Silicon’s Moses Lake plant.
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Confirmed by Group14 Technologies
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IPO INFORMATION

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Initial shares

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REC.OL

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Date Investors Type Amount
11/18/2021 Hanwha Corporation Hanwha Corporation (1)
Post-money valuation of
Hanwha Solutions has agreed to purchase a 16.67% stake in REC Silicon for $160.47 million, becoming a co-leading shareholder of the polysilicon manufacturer with Aker Horizons. This investment is intended as the next step in the creation of a comprehensive U.S. solar value chain, from production of polysilicon to fully assembled solar modules.
 PIPE $160,500,000
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