Naked Energy secures $3 million investment to manufacture solar tech in Texas
In the UK, British solar thermal innovator Naked Energy said it has signed a manufacturing contract with ELM Solar of ELM Companies, an American utility services and renewable energy technology provider. ELM Companies has invested $3 million into the facility and equipment to manufacture the Virtu product range. The expansion of ELM Solar and ELM Microgrid in Dallas, Texas is expected to generate 150 renewable energy jobs. Naked Energy is expecting manufacturing for all North American projects to be handled entirely in the US by 2025 minimizing reliance on foreign supply chains for its customer base in the US. The partnership will see ELM Solar produce Naked Energy’s solar thermal technology aiming to manufacture 150,000 Virtu tubes by 2028.
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