Heliene has invested an extra $10 million to develop an unique manufacturing and meeting line at its Mountain Iron, Minn., facility.
Minnesota Line One, first put in in 2018 at 150 MW, has doubled its capability to 300 MW with this growth, located contiguous to the five hundred MW line put in 12 months in the past. These upgrades will enhance the effectivity of the road and allow Heliene to fabricate TOPCon photo voltaic modules, says the corporate.
“We’re proud to be delivering on our dedication to develop our U.S.-based manufacturing capability and create new clear vitality jobs with the refurbishment of Minnesota Line One,” says Martin Pochtaruk, Heliene CEO. “Latest funding and federal incentives are serving to us develop our amenities and workforce to maintain up with traditionally excessive demand for domestically produced photo voltaic PV modules. We’re grateful to our purchasers for enabling us to develop quickly, whereas sustaining the customer-first strategy Heliene has grow to be recognized for.”
The growth of Minnesota Line One is the newest milestone in Heliene’s continued development and funding into the North American photo voltaic trade. In August, Heliene and group photo voltaic supplier Nexamp entered right into a partnership that features a 1.5 GW module order to help the event of nationwide group initiatives.
Heliene secured $170 million in debt and fairness financing from OIC and a pair of Shores Capital earlier this yr, with current clients additionally taking part within the spherical. Heliene additionally introduced plans to pursue a brand new manufacturing facility within the higher Minneapolis space in 2024.
