LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Heliene just expanded its US solar panel manufacturing again

Robert Frost by Robert Frost
December 5, 2023
in Industries
Heliene just expanded its US solar panel manufacturing again
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Solar panel maker Heliene has invested $10 million to ramp up manufacturing capacity at its Minnesota factory.

The Canadian solar panel maker is expanding Minnesota Line One, an original manufacturing and assembly line at its Mountain Iron factory. Minnesota Line One was first installed in 2018, and Heliene’s investment is doubling its capacity from 150 MW to 300 MW. It’s contiguous to a 500 MW line installed 12 months ago. The expanded line is expected to create over 130 new jobs.  

You might also like

California set to BAN Tesla sales, Vietnam leads the way, and VW value tanks

Sunrun’s 37,000 home batteries are bailing out Puerto Rico’s grid

Volkswagen is practically giving away the ID.4 with leases as low as $99 a month

Heliene says that the upgrades will improve the assembly line’s efficiency and enable it to manufacture TOPCon solar panels. TOPCon, or tunnel oxide passivated contact, is a manufacturing technology that makes a passivated emitter rear contact (PERC) cell more powerful and efficient. Chinese manufacturers have been making TOPCon panels since 2019.

Martin Pochtaruk, CEO of Heliene, said, “Recent funding and federal incentives are helping us grow our facilities and workforce to keep up with historically high demand for domestically produced solar PV modules.”

The expansion of Minnesota Line One is the latest milestone in Heliene’s North American ramp-up. In August 2023, Heliene and Nexamp, the US’s largest community solar provider, entered into a partnership that includes a 1.5 GW module order to support the development of US community solar projects.

Heliene secured $170 million in debt and equity financing from OIC and 2 Shores Capital in 2023, with existing customers also participating in the round. The company also announced plans to pursue a new factory in the Minneapolis area in 2024. 

Read more: Largest US community solar panel purchase in history just happened with 1.5 GW order

Photo: Heliene


To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. – ad*

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

UK industrial infrastructure ‘holding back technology superpower aims’

Next Post

Stocks making the biggest moves midday: Apple, Nio, CVS Health, GitLab and more

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

California set to BAN Tesla sales, Vietnam leads the way, and VW value tanks
Industries

California set to BAN Tesla sales, Vietnam leads the way, and VW value tanks

July 22, 2025
Sunrun’s 37,000 home batteries are bailing out Puerto Rico’s grid
Industries

Sunrun’s 37,000 home batteries are bailing out Puerto Rico’s grid

July 21, 2025
Volkswagen is practically giving away the ID.4 with leases as low as  a month
Industries

Volkswagen is practically giving away the ID.4 with leases as low as $99 a month

July 21, 2025
Corning snaps up JA Solar’s US factory as Chinese parts face tax credit ban
Industries

Corning snaps up JA Solar’s US factory as Chinese parts face tax credit ban

July 21, 2025
Next Post
Stocks making the biggest moves midday: Apple, Nio, CVS Health, GitLab and more

Stocks making the biggest moves midday: Apple, Nio, CVS Health, GitLab and more

Related News

100,000 pro-Palestinian protesters take to London streets to demand ceasefire

100,000 pro-Palestinian protesters take to London streets to demand ceasefire

October 28, 2023
When is the Davis Cup final? Start time, how to watch, teams and odds

When is the Davis Cup final? Start time, how to watch, teams and odds

November 24, 2024
Average Ethereum ETF investor ‘substantially underwater’ — Glassnode

Average Ethereum ETF investor ‘substantially underwater’ — Glassnode

May 30, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?