Honda Motor said today that a new subsidiary called Honda Racing Corporation UK Ltd. (HRC UK) has been established. This new company has been founded to primarily perform post-race maintenance and preparation tasks on the Honda built F1 power units (PUs), while also operating as a logistics operation for the European region.
“The establishment of HRC UK will further enhance the effectiveness of Honda’s PU operations, in support of the partnership with Aston Martin Aramco Formula One® Team,” Honda said. Continue reading
Suniva, Heliene to Make First U.S. Domestic Content Solar Cells
Click for more independence.
Suniva,* the largest and oldest U.S. manufacturer of high-efficiency mono-crystalline silicon solar cells and Heliene,** a supplier of North American-made solar PV modules, have announced a three-year strategic sourcing contract. Under its terms, Heliene will incorporate Suniva’s U.S.-made solar cells into its U.S.-made solar modules, with market availability beginning in mid-2024. Heliene’s modules will be the first crystalline solar modules with a U.S.-made solar cell. This contract is the result of solar project owners’ and developers’ desire for their projects to qualify for the 10% Domestic Content Bonus Investment Tax Credit, which can be obtained by using U.S. made cells based on The U.S. Department of Treasury’s guidance published in May 2023.
“With this strategic partnership Heliene and Suniva are well-positioned to rapidly scale domestic cell and module manufacturing to meet the surging demand for secure and reliable domestically made crystalline PV modules. Currently, all U.S.-made solar crystalline modules use only imported cells. This partnership will directly address that gap in the U.S. solar supply chain and help strengthen manufacturing capacity to meet increased demand for domestic products,” the companies said in a joint released timed to coincide with a visit by Secretary of the Treasury Janet L. Yellen at Suniva yesterday. Continue reading →