Seraphim Solar Increases Module Production Capacity to 360 MW To Meet Growing PV Demand
May 10, 2017
In addition, the company said that its high-efficiency, 60-cell solar modules, designed for the residential distributed generation market, are available for purchase in addition to its 72-cell module offering.
The company’s rapid growth rate significantly contributes to the local and national economy, and continues to provide more jobs for Americans, said Seraphim. The company is partnered with the city of Jackson, Mississippi to recruit employees and local companies.
Seraphim Solar’s “Made in the USA” solar modules are expected to meet the strong residential and commercial demand for solar energy. Seraphim said that it is consistently recognized within the highest rankings of the most trusted and most stringent testing organizations in the industry, and is the first module manufacturer to pass TÜV SÜD’s ‘Thresher' test, which was co-developed by the US Department of Energy and the National Renewable Energy Laboratory to measure true long-term performance and safety.
The solar energy industry has a strong outlook for 2017. According to Mercom Capital’s most recent industry overview, Total corporate funding (including venture capital funding, public market and debt financing) into the solar sector in Q1 2017 doubled with $3.2 billion compared to $1.6 billion in Q4 2016. Year-over-year funding in Q1 2017 was about 15 percent higher compared to the $2.8 billion raised in Q1 2016.
In addition to large-scale solar, electric generating capacity from small-scale solar systems is increasing. In 2016, the U.S. Energy Information Administration (EIA) estimates that the U.S. added 3.4 GW of small-scale solar generating capacity across all three end-use sectors, ending the year with more than 13.1 GW of installed capacity. According to EIA estimates, California, New Jersey, and Massachusetts had the most small-scale solar capacity with 5.4 GW, 1.3 GW, and 1 GW, respectively.