About REC Silicon
REC Silicon is a publicly listed company based in Lysaker (Norway) founded in 1983. Solar and electronic grade polysilicon and silane gas are manufactured. The company has 466 employees. REC Silicon offers products and services including Signature Silane®, Specialty Gases, Electronic-Grade Polysilicon, and Solar Grade Polysilicon. Its focus areas include Energy, Solar Energy, Hardware Developer and Generation Equipment. Its legal entity is REC Silicon ASA.
Company details
REC Silicon is engaged in developing and manufacturing solar electronic grade polysilicon and silane gas raw material for solar panel manufacturers and the electronics industry. Polysilicon material comes in forms like granular, as-grown Siemens rods, rod segments, chunks, chips, and fines. Both materials could be used in CZ monocrystalline based ingotwafer manufacturing, novel wafer applications, casting multi-crystalline based ingotwafer manufacturing, smartphones, flat screen TVs, laptops, and hybrid electric vehicles. Holds a manufacturing plant with the capacity of producing more than 20,000 MT of polysilicon and 29,000 MT of silane gas annually.
- Headquarters Lysaker, Norway
- Employees 466
- Stage Public
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website recsilicon.com
- Social LinkedIn Facebook
- Legal Name Rec Silicon Asa
- Annual Revenue$133 M (USD)1.74as on Dec 31, 2024
- Net Profit-$433.35 M (USD)-1625.46as on Dec 31, 2024
- EBITDA-$16.29 M (USD)14.64as on Dec 31, 2024
- Latest Funding Round$160M (USD), Post-IPO
Nov 2021
- Investors
- Employee Count466
Products & Services of REC Silicon
REC Silicon offers a comprehensive portfolio of products and services, including Signature Silane®, Specialty Gases, Electronic-Grade Polysilicon, and Solar Grade Polysilicon.
Pure silicon gas for memory processes and battery production
Gases for flat panel displays and solar cell manufacturing
Materials for electric vehicles and 5G communications
Polysilicon for solar ingots and wafer production
Funding Insights of REC Silicon
- Total Rounds 2
- Last Round Post-IPO — $160M
- Investors Count 1
All 2 funding rounds of REC Silicon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2021 | $160M | Post-IPO | – | – | |
| Oct 2020 | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in REC Silicon
REC Silicon has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hanwha Solutions.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| hanwhasolutions.com |
Investor details for REC Silicon
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Verified entity values are shown only after access is granted.
People of REC Silicon
31 people are tracked at REC Silicon (8 in leadership, 5 in board & advisors, 18 in team); the tracked headcount is 466.
| Name | Role | Group |
|---|---|---|
Jeff Johnson | VP, Moses Lake Operations | Leadership |
Kirt Johnson | VP, Engineering | Leadership |
Deeanna Worley | VP, HSE, PSM, HR | Leadership |
Jihyung Vivianne Park | Vice President Human Resources | Leadership |
Jack Yun | Chief Financial Officer | Leadership |
Chuck Sutton | VP, FBR Polysilicon Sales | Leadership |
Kurt Levens | President & CEO | Leadership |
Dylan Jung | Chief Strategy Officer | Leadership |
Renate Oberhoffer-Fritz | Director | Board & advisors |
Tae Won Jun | Director | Board & advisors |
Dong Kwan Kim | Director | Board & advisors |
Vivian Bertseka | Director | Board & advisors |
Roberta Benedetti | Director | Board & advisors |
Erica Moe | FTZ Coordinator | Team |
Jeff Errett | Maintenance And Mechanical Integrity Manager | Team |
Dana Fisher | HSE Manager | Team |
Nathan Crowell | Manager | Team |
Tim Vedder | Health, Safety, Environmental Manager | Team |
Douglas Moore | Corporate Controller | Team |
Zhongxiang Chen | FBR Project Staff Engineer/fbr Area Engineering Manager | Team |
11 more people are available in the full profile.
Complete people profiles for REC Silicon
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of REC Silicon
REC Silicon is a publicly listed company on the OSL with ticker symbol RECSI in Norway, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date23 Mar 2009
- Listed onNASDAQ OMX: RECo
- Listed entityREC Silicon ASA
- Exchange sectorProcess industries
- ISINNO0010112675
- Share price0.24 NOK (-2.61% on the day) · 2026-05-11
- Market capitalisation1,148,294,859.00 NOK
- EPS (diluted, trailing year)-1.06 NOK
- Volume (last session)543,893
- Analyst consensusNo rating
Financials of REC Silicon
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | 1.51B NOK | -4.92B NOK | -185.0M NOK |
| 2023 | 1.49B NOK | 322.4M NOK | -216.7M NOK |
| 2022 | 1.42B NOK | -835.1M NOK | -330.9M NOK |
| 2021 | 1.23B NOK | -258.8M NOK | -1.7M NOK |
| 2020 | 1.30B NOK | -439.6M NOK | 224.0M NOK |
Detailed financial statements for REC Silicon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of REC Silicon
4 dated milestones of REC Silicon across 38 years, from founding to its latest funding, stage changes and deals.
- Founded REC Silicon is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round.
- Funding Latest funding round, Post-IPO, of $160.0M.
Web traffic of REC Silicon
The website of REC Silicon (recsilicon.com) receives about 5.8K visits a month.
- Monthly visits5.8K
▼ 14% vs previous month
Websites whose visitors overlap most with REC Silicon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| recsolar.com | 100% | 5.1K | #3,824,214 | View details | |
| sunrun.com | 100% | 656K | #70,868 | View details | |
rdh.com | rdh.com | 72% | #1,726,165 | – |
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Related news about Rec Silicon
Complete news archive for REC Silicon
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Frequently Asked Questions about REC Silicon
REC Silicon was founded in 1983 and raised its 1st funding round 37 years after it was founded.
REC Silicon is headquartered in Lysaker, Norway.
REC Silicon has 466 employees.
Annual revenue of REC Silicon is $133M as on Dec 31, 2024.
REC Silicon is engaged in developing and manufacturing solar electronic grade polysilicon and silane gas raw material for solar panel manufacturers and the electronics industry. Polysilicon material comes in forms like granular, as-grown Siemens rods, rod segments, chunks, chips, and fines. Both materials could be used in CZ monocrystalline based ingotwafer manufacturing, novel wafer applications, casting multi-crystalline based ingotwafer manufacturing, smartphones, flat screen TVs, laptops, and hybrid electric vehicles. Holds a manufacturing plant with the capacity of producing more than 20,000 MT of polysilicon and 29,000 MT of silane gas annually.
REC Silicon offers Signature Silane®, Specialty Gases, Electronic-Grade Polysilicon, and Solar Grade Polysilicon.
Yes, REC Silicon is publicly traded on OSL under the ticker symbol RECSI.
REC Silicon has 1 investor. Key investors include Hanwha Solutions.
REC Silicon operates through Rec Silicon Asa.