Specialist US commercial rooftop systems provider Ten K Solar has secured US$25 million in new funding, led by Goldman Sachs & Co's Alternative Energy Investing Group.

Ten K Solar said that the funds would be used to expand its business in the US as well as overseas. The company claimed that it just completed three consecutive years of triple digit growth. The company is privately held.

Joel Cannon, CEO of Ten K Solar said, “Ten K's ability to deliver significantly more energy from available roof space combined with the elegant simplicity, reliability and inherent safety of our design is driving a shift to Ten K.”

The company has PV module assembly manufacturing partnerships in China and Thailand, fabricating its low-voltage, parallel designed cell string technology.

pv modules

Modules becoming more powerful but witness increasing failure rates in ‘year of successes’ for PVEL’s Module Reliability Scorecard

May 17, 2022

A total of 122 modules types from 25 manufacturers have been named as “Top Performers” by PV Evolution Labs (PVEL) in its 2022 Module Reliability Scorecard, with some ‘best ever results’ in certain categories and more powerful modules being offset by poor performance in others areas.

First Solar records Q1 loss of US$43m as sales collapse, ‘challenging’ 2022 guidance unchanged

May 2, 2022

US thin-film manufacturer First Solar recorded a US$43.3 million loss in its Q1 2022 mostly caused by a drop in sales, with the company expecting a “challenging 2022 from an earning standpoint” given ongoing supply chain constraints.

First Solar lands 750MW module deal with Origis Energy as it eyes US manufacturing build out

April 13, 2022

Origis Energy has ordered 750MW of solar modules from thin film manufacturer First Solar, bringing the total quantity of modules Origis has procured from the company to 1.5GW.

Risen Energy to supply PV module for Sinopec green hydrogen project

March 11, 2022

Chinese solar manufacturer Risen Energy is to supply modules to energy giant Sinopec's green hydrogen demonstration project in Xinjiang, China, which is claimed to be the world's largest PV-based hydrogen production centre.

Module prices to remain elevated for 18 months at least as global demand skyrockets

March 10, 2022

Module prices are to remain elevated for the next 18 months at least, with any additional manufacturing capacity set to be quickly swallowed by soaring demand and capacity addition outside of China considered risky, Finlay Colville, head of market research at Solar Media, has said.

Reliance to invest US$80bn in 100GW project pipeline, PV manufacturing and green hydrogen ‘ecosystem’ in India

January 13, 2022

Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.

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Modules becoming more powerful but witness increasing failure rates in ‘year of successes’ for PVEL’s Module Reliability Scorecard

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Ten K Solar secures US$25 million in funding from Goldman Sachs

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