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Houston solar manufacturer opens new 50,000-square-foot facility

PV Hardware USA has opened its new $30 million facility in the Houston area. Photo courtesy of PVH

A Houston-area solar tracker manufacturer opened its new manufacturing facilities last week. The $30 million project is dedicated to manufacturing solar structures and trackers in part of the country’s goal to expand solar power generation infrastructure.

PV Hardware USA cut the ribbon on the new facility on May 30 in Houston. The new, 50,000-square-foot facility is one of America’s largest, according to the company.

“With the opening of this factory in Houston, PVH USA is affirming its unwavering commitment to solar energy development in the United States,” PVH CEO Emilio García says in a news release. “Our Houston operation will be a key player in the development of utility-scale solar energy across America, and we look forward to driving progress as a leading solar tracker manufacturer.”

PV Hardware USA cut the ribbon on the new facility on May 30 in Houston. Photo courtesy of PVH

The facility aims to provide custom-built solar tracking systems for new solar generation projects, which is expected to be a lead source of growth in the U.S. energy power sector. Solar power generation is projected to increase from 95 Gigawatts (GW) of total generating capacity to 131 GW in 2024, and then climb to 174 GW by 2025 according to U.S. Energy Information Administration.

The new Houston factory will employ more than 120 local workers, and is part of a larger mission to bring jobs, and increased awareness to renewable energy efforts.

“We are committed to powering the solar revolution with U.S. manufacturing and workers,” Garcia adds in the release. “The incentives provided through the Infrastructure Investment and Jobs Act are a tremendous opportunity to promote domestic manufacturing and support local communities. PVH USA aims to contribute to job creation and economic growth while bolstering the nation's renewable energy infrastructure.”

The new 50,000-square-foot facility is one of America’s largest, according to the company. Photo courtesy of PVH

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A View From HETI

Cohen & Co. Capital Markets, which closed $44 billion worth of deals last year, has opened an energy-focused office in Houston. Photo via Getty Images.

Investment bank Cohen & Co. Capital Markets has opened a Houston office to serve as the hub of its energy advisory business and has tapped investment banking veteran Rahul Jasuja as the office’s leader.

Jasuja joined Cohen & Co. Capital Markets, a subsidiary of financial services company Cohen & Co., as managing director, and head of energy and energy transition investment banking. Cohen’s capital markets arm closed $44 billion worth of deals last year.

Jasuja previously worked at energy-focused Houston investment bank Mast Capital Advisors, where he was managing director of investment banking. Before Mast Capital, Jasuja was director of energy investment banking in the Houston office of Wells Fargo Securities.

“Meeting rising [energy] demand will require disciplined capital allocation across traditional energy, sustainable fuels, and firm, dispatchable solutions such as nuclear and geothermal,” Jasuja said in a news release. “Houston remains the center of gravity where capital, operating expertise, and execution come together to make that transition investable.”

The Houston office will focus on four energy verticals:

  • Energy systems such as nuclear and geothermal
  • Energy supply chains
  • Energy-transition fuel and technology
  • Traditional energy
“We are making a committed investment in Houston because we believe the infrastructure powering AI, defense, and energy transition — from nuclear to rare-earth technology — represents the next secular cycle of value creation,” Jerry Serowik, head of Cohen & Co. Capital Markets, added in the release.

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