REC Silicon (RECSI)

[Andre10k]

God påske til alle recere! Tror ikke vi går over sommeren før melding om dato åpning ML

[Profit]

God påske

[Andre10k]

Da var påsken over dere og våren er i annmarsj

Blir en spennende periode vi nå går inn i.

The Senate Bill 5849 (proposed by Warnick), which determines that the current 43% business and occupation tax cut for manufacturers of solar panels and components is extended from 2027 to 2032, has now been passed (both Senate and House). In addition, the bill allow for the construction or improvement of existing industrial buildings.

It is said that the legislation is tied to a potential investment in the works in Moses Lake that would allow REC Silicon, to restart polysilicon production. The company has previously stated that this is one of the things that had to get in place in order for the company to restart.
All-in-all we see this as positive as the company should edge closer to restarting production at Moses Lake. We currently include a restart in Q2’23.

[feske1]

Career Center Svært Lovede!

[Harlind]

Tror det er litt tidlig å juble over en regnskapsførerstilling

[Andre10k]

Flott volum i dag da, sikkert noe short inndekning

[Profit]

Mye trading, opp og ned som en jojo

[TekBot]

REC Silicon - Announcement from Hanwha Solutions on nominated board members

On 18 November 2021 Hanwha Solutions Corporation announced an agreement with
Aker Horizons ASA (“AKH”) and REC Silicon ASA (“REC”) to acquire 16.67 percent
of the shares in REC through a private placement and a share purchase from AKH.
…

Vis børsmeldingen

Completion of the transaction occurred on 19 January 2022.

On 23 March 2022 Hanwha Corporation and Hanwha Solutions Corporation announced a
new agreement to acquire the remaining 16.67 percent of the shares in REC held
by AKH. Completion of this transaction is expected to occur in May 2022.
Following this transaction Hanwha Corporation and Hanwha Solutions Corporation
will own up to 1/3 of the shares in REC and become the largest shareholder in
the company.

This press release is issued by Hanwha Corporation and Hanwha Solutions
Corporation. The purpose of the press release is to provide the shareholders of
REC with further information ahead of the Extraordinary General Meeting that is
scheduled to be held on 2 May 2022 to appoint new members to the board of
directors of REC.

The Hanwha group is a leading business enterprise based in South Korea with USD
61 Bn. of revenue and USD 199 Bn. of assets. Hanwha Solutions Corporation, one
of the key subsidiaries of the Hanwha group, is an PV supplier and manufacturer
globally, operating the largest module production plant in the US and has also a
significant presence in Europe through its Q CELLS division.

Q CELLS is a leading supplier with the highest market share in the US
residential market and commercial solar market with 24 percent and 21 percent,
respectively, and will continue to invest to expand the renewable business in
the US.

REC is a polysilicon producer with the lowest CO2 footprint worldwide, with the
production facility in Moses Lake being a key asset that is currently not
operating due to market distortions.

During 2021 and 2022 market opportunities have increased significantly for REC
to play a key role in restoring a domestic solar value chain in the US. This
represents a potential for restarting the production of solar grade polysilicon
with an ultra-low carbon footprint at the Moses Lake. Hanwha wishes to support
the effort to reopen Moses Lake, to assist REC in assuming a position as a
corner stone of the US solar supply chain. Hanwha’s ambition is to assist REC to
reopen the Moses Lake factory from 2023. In addition, as a well-positioned
supplier for silane gas, REC anticipates various investment opportunities with
support from Hanwha.

The Extraordinary General Meeting is held to appoint new members to the board of
directors to reflect the new ownership situation in REC and Hanwha’s commitment
to support the company. Hanwha has nominated four highly qualified candidates,
including two senior executives from Hanwha Solutions Corporation and Hanwha
Corporation, and two experienced independent directors. The proposed board will
be well positioned to take responsibility for the overall management of the
company and to ensure that the company maintains sound and proper
internal/external control against any potential risks.

Accordingly, it is our pleasure to nominate the board of directors composed as
below:

±-------------------±-----------±----------------±-------------------------+
| Name | Role | Nationality | Note |
±-------------------±-----------±----------------±-------------------------+
| | | | CEO of Hanwha Solutions/ |
| Mr. Koo Yung Lee | Chair |Republic of Korea| Q CELLS Division |
±-------------------±-----------±----------------±-------------------------+
| | | | CEO of Hanwha |
| | | | Corporation/Global |
| Mr. Maeng Yoon Kim |Deputy Chair|Republic of Korea| Division |
±-------------------±-----------±----------------±-------------------------+
| Dr. Renate | | | Professor at Technical |
| Oberhoffer-Fritz |Independent | Germany | University of Munich |
±-------------------±-----------±----------------±-------------------------+
| | | | Investor in early phase |
| | | | startups in the energy |
|Ms. Heike Heiligtag |Independent | Germany | sector |
±-------------------±-----------±----------------±-------------------------+

All four members have significant experience to provide leadership and the right
environment to effectively promote the success of the company for the benefit of
its shareholders. Hanwha Solutions Corporation and Hanwha Corporation consider
that all members are highly effective with a good understanding of the REC’s
opportunities as well as managing any risks that come along with the business.
The members will be committed to carrying out the business in a responsible way
and remain focused on improving the business of REC on behalf of all the
shareholders.

For further information, please contact:
Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@crux.no

About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity polysilicon and silicon gas to the solar and electronics industries
worldwide. We combine 30 years of experience and proprietary technology with the
needs of our customers, with annual production capacity of more than 20,000 MT
of polysilicon from our two US-based manufacturing plants. Listed on the Oslo
Stock Exchange (ticker: RECSI), the Company is headquartered in Fornebu, Norway.

For more information, go to: www.recsilicon.com

Kilde

[Andre10k]

@TekBot

During 2021 and 2022 market opportunities have increased significantly for REC
to play a key role in restoring a domestic solar value chain in the US. This
represents a potential for restarting the production of solar grade polysilicon
with an ultra-low carbon footprint at the Moses Lake. Hanwha wishes to support
the effort to reopen Moses Lake, to assist REC in assuming a position as a
corner stone of the US solar supply chain. Hanwha’s ambition is to assist REC to
reopen the Moses Lake factory from 2023. In addition, as a well-positioned
supplier for silane gas, REC anticipates various investment opportunities with
support from Hanwha.

Lets go!

[kula]

Hanwha på offensiven. Kanskje vi får melding om åpning av ML før ferien?

Hanwha vil gjenåpne Moses Lake | Finansavisen

[feske1]

[polygon]

Ansettes både i Butte og Moses Lake:

https://phf.tbe.taleo.net/phf04/ats/careers/v2/searchResults?org=RECGROUP&cws=38

[Pk2k]

Fytti faen for noen detaljerte spesifikasjoner ansettelses prosessen i USA har

The employee is regularly required to use hands to finger, handle, or feel; reach with hands and arms; climb or balance and talk or hear. Frequently required to stand; walk; sit; stoop, kneel, crouch, or crawl; and taste or smell. Frequently lift and/or move up to 25 pounds and occasionally push and/or move up to 100 pounds and occasionally lifting and carrying of 30 to 50-pound valves and hoses is required. The operator must be able to push a heavy cart with at least 50 pounds of force. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus. Radio communication is required. Ladders and stairs are climbed frequently and valves are carried up and downstairs. Personal protective safety equipment and Self-Contained Breathing Apparatus (SCBA) and bunker gear are required to be used during emergency procedures. A three-inch high-pressure fire hose is used for fire fighting. High grip force is necessary to lift and carry, as well as handle, the equipment.

[Andre10k]

– Hanwha har helt klart store planer for REC

[Culibre]

Qcells’ low carbon footprint certified panels to power one of the largest...

[Andre10k]

Washington may get a big battery materials plant

Sila’s likely looking for abundant land and cheap, reliable power, which has us thinking Wenatchee or Moses Lake, already home to some advanced materials manufacturing. Stay tuned for a ribbon-cutting.

[SuperMe]

Sila N skal vel annonsere hvor de skal bygge fabrikken sin ila neste uke?
Det hadde jo vært skikkelig gøy om dette har en sammenheng med at nabotomten til RecSI i Moses Lake nå omsider er solgt. Sånn jeg forstår det skal det annonseres hvem som har kjøpt denne tomta neste uke også

[Andre10k]

Nemlig!

Det at 2 Tyskere vil inn i styret er også bull synes jeg.

[FiloD]

Ser ud til at vi får en særdeles spændende mai måned med potentielt mange gode nyheter.

• Nyt styre
• Q1
• Salg av nabotomten (hvis denne går til Sila er det virkelig bull, Hanwha blir uansett kunde hos REC)

Det burde flytte verdien på REC betragtelig. ML er jo slet ikke reflekteret i REC sit MC. Det bliver en spændende måned.

[Lytter]

Jeg har skikkelig troa på REC fremover
Har solgt meg ut av alt utenom REC og Equinor - begge er veldig attraktive i et usikkert marked(inflasjon/rente, krig - U name it)

EU trenger energi fra sine, USA sin «krig» med Kina er ikke blitt mindre selv om media ikke bruker plass på den. USA trenger trolig REC og det kan få maskineriet til å gå fort nå som REC ser ut til å ha et Arsenal av kompetente folk med seg .