Profile: REC Silicon ASA (REC.OL)
REC.OL on Oslo Stock Exchange
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REC Silicon ASA, formerly Renewable Energy Corp ASA (REC), is a Norway-based company active in the solar energy sector. In November 2013, the Company changed its name as a part of demerger in two separate entities: REC Silicon ASA and REC Solar ASA, which comprises the solar panel operations and distribution. REC Silicon ASA is engaged in production of advanced silicon materials to customers in the solar and electronics industry. It offers three types of products: solar grade polysilicon for production of solar panels; electronic grade polysilicon for semiconductor industry and green energy technologies; and silane gases for semiconductor industry, flat panel displays and thin film technologies. The Company uses three technologies: Siemens process, based on decomposition of silane and deposition of elemental silicon; Fluidized Bed Reactor (FBR) technology, aimed at production of polysilicon at lower cost; and REC Business System (RBS) to manufacture gas and liquid silicon molecules.
REC Silicon ASA