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Clean Energy
Business Fortune
30 September, 2024
The Bernalillo County Commissioners approved this week the proposed $942 million in revenue bonds for Ebon Solar's Mesa del Sol, New Mexico, cell manufacturing facility.
Last month, Delaware-based Ebon revealed plans to start building the approximately 834,000-square-foot facility. It is anticipated to generate over 900 additional jobs.
It has been successfully accomplished to establish New Mexico as a global hub for sophisticated energy manufacturing, according to Governor Lujan Grisham. He continued by saying that Ebon Solar is joining other top businesses in supporting New Mexico's dedication to renewable energy, its skilled and hardworking labor force, and the chances for free college education and career training that the state offers.
Melinda Allen, the president and CEO of Ebon Solar, has joined the nonprofit New Mexico Partnership, which is the department of economic development in New Mexico. This was a business that was eager to grow and thought that New Mexico would be the best place to develop its cutting edge solar technology and put together a highly skilled and lucrative workforce.
Ebon plans to establish end-to-end advanced manufacturing of solar cells in the United States, joining a plethora of other foreign firms like Qcells and Heliene that are striving to do the same. Ebon will do this by utilizing the superior semiconductor technology and financial resources of Singapore-based Ebang International.
The $1 billion, 1.9 million square foot, 3-gigawatt Maxeon Solar solar cell factory, which was announced in August of last year, will be built next to the new Ebon cell plant; however, the latter's future is, at best, unclear.
Due to its continuously low stock value and a string of unfortunate events detailed in the Singapore-based manufacturer's Q2 2024 financial reports, Maxeon faces delisting from the Nasdaq Stock Market. Most significantly, Chief Executive Officer Bill Mulligan disclosed that Customs and Border Protection has been holding all of Maxeon's solar modules imported into the United States via Mexico since July in order to evaluate compliance with the Uyghur Forced Labor Prevention Act (UFLPA).