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TOYO invests $357M to build 1.5 GW solar cell plant in Houston, creating 400 jobs and boosting US solar supply chain.

Company Fundamentals
08 Jun 2026
PRNewsWire
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Bullish
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TOYO Co., Ltd. announced a $357 million investment to build a 1.5 GW heterojunction (HJT) solar cell manufacturing facility in Houston, Texas, co-located with its existing solar module site. The project aims to create around 400 direct manufacturing jobs and enhance supply chain efficiency by integrating cell and module production. The new facility will produce advanced HJT cells that offer higher efficiency and better performance in heat, supporting U.S. energy independence and compliance with FEOC standards. Completion and pilot production are expected within 20 months, with funding from internal cash flow, project financing, and potential equity partnerships.

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