up and running

Houston solar modules manufacturer opens new $60M facility

In addition to the ribbon cutting for the new facility, SEG Solar rolled out its first 585-watt YUKON N series module during the opening on August 9. Photo courtesy of SEG Solar

A Houston-based photovoltaic manufacturer has celebrated the opening of its new manufacturing base in Houston.

SEG Solar's new facility spans 250,000 square feet and will house production workshops, raw material warehouses, administrative offices, finished goods warehouses, and supporting infrastructure. It features two intelligent manufacturing lines that will produce the latest N-type high-efficiency PV modules, which is expected to have production capacity exceeding 2 gigawatts annually. The project cost $60 million.

“The Houston plant is a key part of SEG’s strategy to serve the U.S. market,” Jim Wood, CEO of SEG, says in a news release. “With new workshops, production lines, and equipment, SEG will offer a refreshed experience to the U.S. market.”

In addition to the ribbon cutting for the new facility, SEG Solar rolled out its first 585-watt YUKON N series module during the opening on August 9, which helps establish SEG as one of the first manufacturers to achieve module production in the United States.

The production lines will be compatible with 182mm and 210mm N-type cells and will be fully equipped with automated intelligent manufacturing systems, which can ensure seamless integration of automation, information and intelligence. The technological collaboration assists with manufacturing efficiency. The workshop will feature advanced ERP and MES systems for refined management and traceability of incoming materials.

SEG has shipped over 5 gigawatts of solar modules worldwide. The company says it expects to exceed a production capacity of 5.5 gigawatts by the end of 2024. According to SEG, customers will benefit from faster delivery times and enhanced after-sales service after the opening of the Houston plant. Houston’s key location will help reduce transportation costs, according to the company. Expanding out of Houston and the U.S. market, SEG plans to establish Southeast Asia's largest photovoltaic industrial park in Indonesia in 2025.

SEG hopes to establish its global R&D center at the Houston PV manufacturing base before the end of 2024 that will offer testing services, like LID tests, Damp Heat tests, PID tests, and Light and LeTID tests.

“As a leading U.S. solar company, SEG is proud to be among the first to respond to the call for domestic manufacturing by constructing a solar module factory in the U.S.,” Wood says in his keynote speech at the opening ceremony. “The completion of the Houston plant marks a significant milestone for SEG and a major advancement in U.S. module manufacturing technology.

"Looking ahead, SEG will continue to deepen its investments in wafers, cells, and modules, closely tracking market trends to meet our customers' needs," he continues. "Through strategic collaborations across the supply chain, we aim to continuously optimize and enhance the U.S. PV manufacturing industry.”

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A View From HETI

PitchBook attributes $634 million in fourth-quarter VC to Fervo. Photo via Getty Images

The venture capital haul for Houston-area startups jumped 23 percent from 2023 to 2024, according to the latest PitchBook-NVCA Venture Monitor.

The fundraising total for startups in the region climbed from $1.49 billion in 2023 to $1.83 billion in 2024, PitchBook-NVCA Venture Monitor data shows.

Roughly half of the 2024 sum, $914.3 million, came in the fourth quarter. By comparison, Houston-area startups collected $291.3 million in VC during the fourth quarter of 2023.

Among the Houston-area startups contributing to the impressive VC total in the fourth quarter of 2024 was geothermal energy startup Fervo Energy. PitchBook attributes $634 million in fourth-quarter VC to Fervo, with fulfillment services company Cart.com at $50 million, and chemical manufacturing platform Mstack and superconducting wire manufacturer MetOx International at $40 million each.

Across the country, VC deals total $209 billion in 2024, compared with $162.2 billion in 2023. Nearly half (46 percent) of all VC funding in North America last year went to AI startups, PitchBook says. PitchBook’s lead VC analyst for the U.S., Kyle Stanford, says that AI “continues to be the story of the market.”

PitchBook forecasts a “moderately positive” 2025 for venture capital in the U.S.

“That does not mean that challenges are gone. Flat and down rounds will likely continue at higher paces than the market is accustomed to. More companies will likely shut down or fall out of the venture funding cycle,” says PitchBook. “However, both of those expectations are holdovers from 2021.”

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This story originally appeared on our sister site, InnovationMap.com.

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