moving in

Global clean energy solutions provider expands in US with Houston-area location

The move expands Sineng Electric's presence in the U.S. clean energy sector. Photo courtesy of Sineng

Solar and energy storage solutions company Sineng Electric has expanded its U.S operations by officially opening its North America Service Center in Katy, Texas. The move is meant to help expand its presence in the U.S. clean energy sector.

The Fulshear facility will function as a “one-stop service hub” that will encompass office space, a technical support center, and warehouse. The space will also have opportunities for collaborative project planning, operations and maintenance (O&M) training, and real-time technical support.

"With its abundant solar resources, robust energy infrastructure, and spirit of innovation, Texas - particularly the Houston area - is poised to lead America's renewable energy revolution,” Fulshear Mayor Don McCoy says in a news release. “We enthusiastically welcome Sineng Electric to our vibrant community, confident in their ability to help shape a future that is brighter, greener, and full of possibilities.”

At the inauguration ceremony event, Sineng's technical team also introduced its solar and energy storage solutions, which included the 400kW string PCS. The400kW string PCS is tasked to help reduce initial costs while enhancing operational simplicity, and overall efficiency.

"As the United States accelerates its shift towards renewable energy to meet ambitious net-zero targets, the demand for advanced solar and energy storage solutions is surging," adds Viktor Duan, vice chairman and co-founder of Sineng Electric. "In response, Sineng has strategically established its new service center to provide on-the-ground expertise, responsive local customer service, and cutting-edge solutions to scale up the adoption of sustainable energy across the country."

Trending News

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.”

--

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

Trending News