Intersolar Highlights Texas Solar Development, SEG Solar Shares Forward-Looking Insights

The highly anticipated Intersolar & Energy Storage North America took place in Austin, Texas, from November 19th to 20th, 2024. SEG Solar, a U.S. leading manufacturer of photovoltaic modules, showcased its latest N-Type high-efficiency solar modules to industry experts and customers at booth #2.

According to the Solar Energy Industries Association (SEIA), Texas currently boasts over 22.8 GW of installed solar capacity, ranking second in the nation. With projections of an additional 40.9 GW over the next five years, Texas is poised to become the top solar state in the US. The state’s abundant natural resources, vast market potential, and supportive policies, such as the Inflation Reduction Act (IRA), have fueled the rapid growth of its solar industry.

During the exhibition, Jim Wood, CEO of SEG, participated in a panel discussion, sharing his insights on the booming Texas solar market and the impact of the IRA. Wood highlighted the challenges of increasing operating costs and a shortage of skilled workers. To address these challenges and capitalize on Texas's growth potential, SEG has implemented several initiatives. "We are significantly investing in local manufacturing," said Wood. "Our newly established Houston factory will create over 500 jobs. We are also providing comprehensive training programs for all new employees, covering solar module manufacturing processes, quality assurance and control, research and development, and performance testing." Additionally, SEG has increased its R&D investments, introducing over 20 advanced testing and R&D instruments to its global laboratory in Houston, and is actively exploring diverse product lines to meet market demand.

When discussing collaboration between the renewable energy industry and communities, Wood highlighted SEG's commitment to community development. "We actively participate in various community events. For instance, we organized a team to participate in the 50th annual Houston 'Buddy Walk' to raise funds for individuals with Down syndrome and their families. We also sponsored the Bubble Run hosted by Copeland Elementary School and the Color Run organized by Smith Middle School, promoting clean energy awareness among youth. Moreover, we supported the Cy-Fair Fire Department's blood drive to foster a harmonious community atmosphere."

Looking ahead, SEG is committed to continuous innovation and technological advancement. Through the collaborative efforts of government, businesses, and communities, driven by favorable policies and strong market potential, the Texas solar industry is poised for sustained growth.

About SEG Solar

Founded in 2016, SEG is a leading vertically integrated PV manufacturer headquartered in Houston, Texas, U.S., and is dedicated to delivering reliable and cost-effective solar modules to the utility, commercial, and residential markets. By the end of 2023, SEG had shipped over 5 GW of solar modules worldwide. The company is expected to exceed a production capacity of 5.5 GW by the end of 2024.