Canadian photovoltaic glass company CPS announced an upgrade to its Manitoba plant and plans to build a factory in the United States.
CPS said it has selected a site in the United States and plans to renovate the previous glass production facility. The new plant is expected to produce 4W of photovoltaic glass every year. The company plans to partner with an American glass manufacturer.
CPS said its U.S. customers have expressed a desire to use locally produced photovoltaic glass. The U.S. Inflation Reduction Act (IRA) has driven U.S. photovoltaic demand growth, and photovoltaic module production capacity is expected to increase from 12GW in 2022 to 52GW by the end of 2025. IRA also encourages end users to use locally produced component products, thereby encouraging manufacturing companies to set up factories in the United States to expand production capacity.
The company's wholly-owned U.S. subsidiary, CPS Glass USA Corp., has applied for an investment tax credit from the U.S. Department of Energy. The final results will be announced in the first quarter of 2025.
CPS has submitted an expansion application and plans to expand the capacity of its manufacturing plant in Manitoba, Canada, to 6GW. Currently, CPS has a total production capacity of 10GW of photovoltaic glass, and its goal is to become the largest supplier of embossed photovoltaic glass in North America and the only vertically integrated glass manufacturing company.
CPS announced off-take agreements with Swiss component manufacturer Meyer Burger, Canada Heliene and South Korea's Hanwha Qcells.
