When was REC Silicon founded?

REC Silicon was founded in 1983 and raised its 1st funding round 37 years after it was founded.

Where is REC Silicon located?

REC Silicon is headquartered in Lysaker, Norway. It is registered at Moses Lake, Washington.

How many employees does REC Silicon have?

As of Apr 30, 2026, the latest employee count at REC Silicon is 269.

Is REC Silicon a funded company?

REC Silicon is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Oct 14, 2020.

When was the latest funding round of REC Silicon?

REC Silicon's latest funding was a $***** Post IPO round on Nov 18, 2021, with participation from 1 investor. Its primary sector is Solar Energy. In Norway, the Solar Energy sector has seen $31.4M in funding in 2026 to date.

Where does REC Silicon rank among its competitors?

REC Silicon ranks 3rd amongst 26 active competitors, of which 2 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Cambridge Photon, which secured $1.21M in Nov, 2025.

Who are the top competitors of REC Silicon?

REC Silicon's top competitors include Ferroglobe, Hemlock Semiconductors and Integrated Batteries India. Among them, Cambridge Photon secured the most recent funding round in November, 2025.

REC Silicon - 2026 Company Profile, Funding, Competitors & Financials

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 ingot/wafer manufacturing, novel wafer applications, casting multi-crystalline based ingot/wafer 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.

Website: recsilicon.com
Phone Number: +47 **********
Registered Address: Moses Lake, Washington

Key Metrics

Founded Year

1983

Location

Lysaker, Norway

Stage

Public

Latest Funding Round

Post IPO, Nov 18, 2021, $*****

Investors

Hanwhasolutions & 2 more

Ranked

3^rd among 26 active competitors

Employee Count

269 as on Apr 30, 2026

Similar Companies

Ferroglobe & 38 more

Exit Details

Public

View REC Silicon's full profile

REC Silicon is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
REC SILICON, INC. CIN: 364521628 , United States, Active	Dec 26, 999	-	470 (As on Dec 31, 2024)	-
REC SILICON ASA CIN: 977258561 , Norway, Active	Dec 31, 1982	$13.1M (As on Dec 31, 2024)	289 (As on Dec 31, 2021)

REC Silicon got listed on Mar 23, 2009.

Click here to take a look at REC Silicon's IPO in detail

REC Silicon has raised funding over 2 rounds. Its first funding round was on Oct 14, 2020. Its latest funding round was a Post IPO round on Nov 18, 2021 for $*****. 1 investor participated in its latest round. REC Silicon has 3 institutional investors.

Here is the list of recent funding rounds of REC Silicon:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 18, 2021	9057796	Post IPO	4450185	4177914	3192199	3408947
Oct 14, 2020	7748258	Post IPO	7647859	5495415	8556137	3638112

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View details of REC Silicon's funding rounds and investors

REC Silicon's employee count trend

REC Silicon has 269 employees as of Apr 26. Here is REC Silicon's employee count trend over the years:

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Top competitors of REC Silicon include Ferroglobe, Hemlock Semiconductors and Integrated Batteries India. Here is the list of Top 10 competitors of REC Silicon, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ferroglobe 2015, London (United Kingdom), Public	Producer of silicon metal and alloys	-	PNC, Economy And Finance & 2 others	51/100
2nd	Hemlock Semiconductors 1961, Richland (United States), Unfunded	Leading polysilicon provider enabling high-tech electronics and solar energy solutions	-	-	50/100
3rd	REC Silicon 1983, Lysaker (Norway), Public	Developer and manufacturer of solar & electronic grade polysilicon and silane gas material	-	Hanwhasolutions, Umoe & 1 others	49/100
4th	Integrated Batteries India 1992, Delhi (India), Deadpooled	Manufactuerer of solar panels	-	-	39/100
5th	Silicor Materials 2006, San Jose (United States), Deadpooled	Producer of silicon for the manufacture of solar photovoltaic (PV) cells	$361M	Hudson Clean Energy Partners, Advanced Technology Ventures ... & 4 others	36/100
6th	Cambridge Photon 2019, Cambridge (United Kingdom), Seed	Provider of a photon multiplier film to photovoltaic module manufacturers for increasing the efficiency of solar panels	$1.21M	sourcesq.com, Tybourne Capital Management ... & 4 others	35/100
7th	Qatar Solar Tech 2010, Doha (Qatar), Unfunded	Manufacturer of polysilicon	-	-	35/100
8th	Asia Silicon 2006, China, Acquired	Producer of silicon for solar PV systems	-	-	30/100
9th	USL Photovoltaics 1999, Coimbatore (India), Unfunded	Manufacturer of solar modules	-	-	30/100
10th	Solarsilicon Recycling Services 1999, Camarillo (United States), Acquired	Solar and semiconductor feedstock processing	-	Bison Capital	30/100