HSC Statement on the Passage of the Inflation Reduction Act of 2022

“The Inflation Reduction Act of 2022 is a major step toward creating a sustainable and resilient clean energy economy, and HSC applauds Congress for passing this critical piece of legislation,” said Hemlock Semiconductor (HSC) Chairman and CEO AB Ghosh. “Solar is the fastest growing electricity source in the U.S. and the lowest cost form of new electricity capacity worldwide. But not all solar panels are created equal, and U.S.-made polysilicon has an imperative role to play in decarbonizing and de-risking the solar supply chain. U.S.-made polysilicon facilitates the production of ultra-low-carbon solar panels—allowing solar developers and owners to reduce embodied carbon by up to 50 percent.  

“This is our moment to build a cleaner, more secure domestic solar supply chain in an industry where new capacity is required. Provisions in this bill will boost the domestic solar supply chain by incentivizing manufacturers like HSC to invest to meet growing U.S. solar demand.  

“Supply chains matter as we speed the energy transition. We see a future where U.S.-made polysilicon enables the 21st-century clean energy economy, and the Inflation Reduction Act brings that future closer to reality.”