U.S. headquartered solar panel manufacturer Solaria Corporation just announced that it plans to double its production capabilities by the end of the year, in part because of a $40 million investment by outside industry reps. Solar investors T.J. Rodgers and Isidoro Quiroga have both joined Solaria’s Board of Directors as a result.
“One of the fastest-growing areas in renewable energy is premium residential solar, where the focus is on efficiency, aesthetics and value,” said Suvi Sharma, Solaria CEO. “Solaria’s Pure Black PowerXT panels have emerged as a first choice in the premium segment, exceeding our expectations and creating tremendous demand for our products. Now we’ll be able to satisfy our customers while maintaining excellent customer service.”
Solaria currently has a 40-MW production line in California and a larger manufacturing presence in South Korea. The company uses a patented cell design and advanced assembly techniques to enable greater than 20% efficiency and a sleek, black design with no visible circuitry. The high-power-density modules are catered to residential and commercial customers most concerned with aesthetics and getting maximum power on the roof.
“I have the privilege of seeing and evaluating a wide range of solar technologies, and it quickly became clear to me that Solaria’s approach is unparalleled,” Rodgers said. “Solaria pays attention to what is most important in residential solar products: quality, performance and aesthetics. I’m pleased to support Solaria as they increase their market share worldwide and lead the way toward energy independence.”
News item from Solaria