REM: American Hyperion Solar signs 1.65-GW deal with leading US utility
American Hyperion Solar has signed a long-term supply contract for 1.65 GW of modules with a leading but unnamed US utility developer. It is a milestone for the rapid expansion of the Hyperion brand, owned by Chinese firm Runergy, in the US market.
Hyperion is headquartered in California and has established production facilities in the Rayong and Pathum Thani provinces of Thailand. These Thai facilities currently have a 6-GW high-efficiency cell capacity and a 2-GW module capacity.
In 2023, Hyperion will add 7 GW of N-type TOPCON cell capacity and 7 GW of TOPCON module capacity. Their team is also set to launch a 600W+ N-type TOPCON PV module in the US market in the fourth quarter of 2023.
Hyperion’s plants have passed a strict factory audit conducted by Munich Re, says the company. This approval provides long-term, back-to-back product warranty insurance for Hyperion’s utility customers. Being insured by Munich Re can significantly help protect a customer’s long-term financial interest, especially those with large-scale, ground-mounted projects, adds the company.
The 1.65-GW supply contract will showcase Hyperion’s high-power and high-quality H1 Series PERC modules, which have great aesthetics, lower degradation and superior low light performance, says the company. US customers can expect a low levelized cost of energy (LCOE), the company claims.