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European renewables co. expands into US with Houston-area solar panel manufacturing facility

A Turkish solar panel manufacturing company has opened its first US location just outside of Houston. Photo courtesy of Elin Energy

A European company opened a new 225,000-square-foot solar panel assembly facility in Waller County, and it has the capacity to manufacture 2,000 megawatts annually.

Turkish company Elin Energy opened it new space in Twinwood Business Park with the help from Houston real estate development company The Welcome Group and Houston construction company KDW. It's Elin Energy's first location in the United States.

The Waller facility aims to “catapult the company’s growth in the Western hemisphere and reinforce its commitment to sustainable energy production and innovation,” according to a news release. Elin’s panel designs boost the productivity of solar panels by requiring less space than traditional systems.

Photo courtesy of Elin Energy

“The facility [Elin has leased] was designed with generous bay spacing, clear height and upgraded power to accommodate and upgraded power to accommodate a variety of manufacturing needs,” Welcome Wilson Jr., president and CEO of the Welcome Group, says in the release. “Elin Energy’s state-of-the-art solar manufacturing equipment easily fit into the building footprint. The first equipment lines are installed, and the future equipment lines have been ordered.”

One of Europe's top producers of photovoltaic panels, Elin Energy's new facility features two solar panel manufacturing lines. The Waller County Economic Development Partnership and efforts from the state helped bring Elin to the area. Elin aims to bring around 100 jobs by the end of their first year of operations with an estimated 450 by the end of year seven.

KDW completed the build in under 6 months.

“The equipment delivery demanded an aggressive schedule which made it essential that all parties involved have a heightened level of coordination and cooperation,” KDW Construction Manager Bryan Harrison says in the release.

Photo courtesy of Elin Energy

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A View From HETI

Quaise Energy is developing Project Obsidian, a superhot geothermal plant in central Oregon. Rendering via quaise.com.

Houston-based Quaise Energy is looking to raise $200 million to support the development of a 50-megawatt superhot geothermal plant in Oregon.

The company is seeking $100 million in Series B funding, plus an additional $100 million from grants, debt and project-level finance, a representative from the company tells Energy Capital. Axios first reported the news late last month.

Quaise specializes in terawatt-scale geothermal power. It is known for its millimeter-wave drilling technology, which was developed at MIT.

The company's Project Obsidian development in central Oregon will combine conventional drilling with its millimeter-wave technology. Quaise says the project, targeted to come online in 2030, could be the first commercial plant to operate in superhot rock, a more efficient and abundant resource, but one that requires more advanced and durable drilling technology.

Quaise says Obsidian would initially generate 50 megawatts of "always-on" power and would be designed to add 200 megawatts as additional wells are developed. A power-purchase deal has already been signed for the initial 50 megawatts with an undisclosed customer.

A representative from the company says Quaise would also use the funding to continue advancing its millimeter-wave technology and prepare it for commercialization.

Last year, the company drilled to a depth of about 330 feet using its millimeter-wave technology at its field site in Central Texas.

“Our progress this year has exceeded all expectations,” Carlos Araque, CEO and president of Quaise Energy, said at the time. “We’re drilling faster and deeper at this point than anyone believed possible, proving that millimeter-wave technology is the only tool capable of reaching the superhot rock needed for next-generation geothermal power. We are opening up a path to a new energy frontier.”

Canary Media reports that Quaise plans to drill to nearly 3,300 feet later this year and to deploy its millimeter-wave technology at its power plant in 2027.

Quaise raised $21 million in a Series A1 financing round in 2024 and a $52 million Series A in 2022. Major investors include Prelude Ventures, Safar Partners, Mitsubishi Corporation, Nabors Industries, TechEnergy and others.

Quaise was one of eight Houston-area companies to appear on Time magazine and Statista’s list of America’s Top GreenTech Companies of 2025.

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