Heliene has closed on a $54 million strategic equity investment from Transition Equity Partners (TEP) in collaboration with a consortium of limited partners, including affiliates of Hamilton Lane.
The investment from TEP follows the $170 million in capital that Heliene raised last year from Orion Infrastructure Capital and several of Heliene’s customers.
This capital infusion is slated to support the development of a new 550 MW production line in Rogers, Minn., raising the company’s total U.S. based manufacturing capacity to 1.5 GW annually. The company’s partners underpinning the expansion include a 2 GW supply agreement with Excelsior Energy Capital and a 1.5 GW supply agreement with Nexamp.
Leveraging the IRA, Heliene has partnered with Suniva for domestic-made solar cells starting this year, SOLARCYCLE for domestic-made solar glass, OMCO Solar as a domestically produced racking partner, Premier Energies to pursue a cell manufacturing JV and NorSun for domestic wafer production.
“This investment from Transition Equity Partners is a key milestone in Heliene’s growth journey,” says Martin Pochtaruk, CEO of Heliene.
“It empowers us to expand our capacity to deliver high-quality, bankable, domestically produced solar modules that power the clean energy transition. We are proud to play a pivotal role in strengthening North America’s renewable energy supply chain and contributing to the global energy transition.”
Stifel served as exclusive financial advisor to Heliene in connection with the entire transaction.
The post Heliene, TEP Partner on Expanded Domestic Solar Manufacturing Capacity appeared first on Solar Industry.
Heliene, TEP Partner on Expanded U.S. Solar Manufacturing Capacity
Renewable Energy
About Two-Thirds of Americans Will Never Call the Lake North of New York “Lake America”
At what point did 30% of the U.S. electorate become so tuned into a criminal sociopath’s wanting to rename places in the Western Hemisphere in an effort towards his own self-aggrandizement?
The only interesting question that remains is what if any trajectory does this nation have to recover some level of dignity once Trump is removed from the presidency.
Some say it will take generations. No one knows for certain.
About Two-Thirds of Americans Will Never Call the Lake North of New York “Lake America”
“No man ever steps in the same river twice, for it’s not the same river and he’s not the same man.” — Heraclitus
One of humankind’s greatest thoughts is tied up in this quote from the ancient Greek philosopher Heraclitus. It’s right up there with “I think therefore I am,” and “The unexamined life is not worth living.”
But where the last of the three are indisputable, what up with this “persistence of change” stuff?
It’s true that the aspects of people and things change. The walls of the Grand Canyon are constantly shifting, but no sensible person thinks it’s a different place than it was millions of years ago.
Most of the cells in my body die and are replaced in a matter of a few months, and my attitudes and beliefs change day by day. But my beloved kindergarten teacher, Alice Adams, will exist in my memories until the day I die.
What Heraclitus left of us is intellectually stimulating, but it doesn’t affect how we function as human beings.
Americans have a wide variety of needs; affordability, healthcare, ending the war, and justice for Trump and his administration and probably at the top.
Nowhere on the list is the distraction that accompanies renaming a body of water.
About Two-Thirds of Americans Will Never Call the Lake North of New York “Lake America”
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