In a significant move towards bolstering domestic solar manufacturing and enhancing project economics, Heliene, one of North America’s fastest-growing manufacturers of solar energy equipment, has announced a multiyear module supply agreement and strategic partnership with UGE, a prominent community and commercial solar developer.
Under this agreement, Heliene will supply UGE with high-quality U.S.-made solar photovoltaic (PV) modules featuring U.S.-made cells. This collaboration aims to improve project economics and reduce supply chain risk for UGE, while also facilitating qualification for the Domestic Content Investment Tax Credit (ITC) Bonus under the Inflation Reduction Act of 2022 (IRA).
Federal investments enabled by the IRA are expected to further lower clean energy costs and incentivize U.S. solar project development, aligning with the nation’s ambition to expand its role in the global solar manufacturing market.
Through this partnership, UGE anticipates qualifying for the Domestic Content Tax Credit on projects commencing construction as early as the upcoming summer. This, coupled with other qualifying Investment Tax Credits Bonuses, is anticipated to significantly enhance project economics, making energy from UGE’s systems more affordable and widening the addressable market.
Martin Pochtaruk, CEO at Heliene, expressed pride in the collaboration, highlighting the provision of domestically-manufactured, high-quality solar technologies to support UGE’s mission of making renewable energy accessible and affordable for all. Nick Blitterswyk, Founder and CEO of UGE, echoed this sentiment, emphasizing the partnership’s potential to strengthen energy equity and grid resilience, particularly in low-to moderate-income communities.
The partnership between Heliene and UGE underscores a shared commitment to advancing U.S. solar manufacturing, reducing supply chain risks, and expanding renewable energy access, ultimately contributing to a more sustainable energy future.
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