9GW! This company will expand its photovoltaic production capacity in the United States

Japanese industrial electrical and automation technology company Toshiba Mitsubishi Industrial Systems Corporation (TMIC) has announced that it will expand production capacity in the United States to build a 9GW photovoltaic inverter factory.

Its US subsidiary, TMIC Corporation Americas, will build a photovoltaic inverter factory in Texas.

The company expects the factory to start construction in October 2024, and has the potential to further expand the initial 9GW annual production capacity based on market demand.

In addition, the company will move its US headquarters from Roanoke, Virginia to Houston, Texas in March 2025. TM IC entered the US market in 2010.

“This strategic expansion underscores TMIC’s commitment to the renewable energy industry, advancing clean energy technologies, maintaining strong customer relationships, and competing on a global basis while proudly manufacturing in the USA,” said Manmeet Bhatia, president and CEO of TM IC Americas.

Although the company did not mention the role of the Inflation Reduction Act (IRA) in opening this new factory in its press release, solar inverters are one of the solar equipment included in the Inflation Reduction Act (IRA).

Previously, German inverter supplier SMA Solar highlighted the importance of the IRA and how it provides an “incredible long-term growth opportunity.”