TOYO Secures $240 Million in US Solar Supply Agreements

Tokyo, Japan - TOYO Co., Ltd. (Nasdaq: TOYO, OTC: TOYWF), a specialized solar manufacturing firm, announced that it has secured binding solar photovoltaic module supply agreements totaling approximately $240 million since mid-June 2026.

These agreements involve a diverse client base across the United States, spanning several key energy sectors. The scope of the contracts covers projects ranging from large-scale utility power generation to commercial and industrial applications, as well as community solar and data-center infrastructure.

Transaction Details

• Contract Value: Approximately $240 million in binding agreements.
• Duration: Deliveries have commenced and will continue through the first half of 2027.
• Manufacturing Base: Products are manufactured at the company's 2 GW facility in Houston, Texas, which employs roughly 600 staff members.

The company noted that this commercial milestone highlights the increasing demand for U.S.-manufactured solar products. Management emphasized that the Houston operations provide a robust foundation for their strategy, particularly as customers seek secure supply chains that align with domestic-content considerations and specific regulatory requirements regarding foreign entities.