REC Silicon Forges Supply Deal with Sila for EV Battery Market

REC Silicon ASA (RNWEF) has released an update.

REC Silicon ASA has entered a significant multi-year supply agreement with Sila Nanotechnologies to provide US-produced Silane Gas for battery materials. The deal marks REC’s first commercial venture into the EV battery market and ensures a steady domestic supply for Sila’s anode material production. This collaboration aims to support the transition to electric vehicles, highlighting REC’s role in the clean energy sector.

For further insights into RNWEF stock, check out TipRanks’ Stock Analysis page.