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HomeNewsNaked Energy secures $3 million investment to produce solar technology in Texas

Naked Energy secures $3 million investment to produce solar technology in Texas

Naked Energy, a leading renewable energy technology company, has announced plans to establish a manufacturing facility in Dallas, Texas, dedicated to producing its innovative combined solar photovoltaic (PV) and solar thermal units. The facility, to be managed by ELM Solar, a subsidiary of ELM Companies, represents a substantial investment aimed at meeting the growing demand for sustainable energy solutions in North America.

With a commitment of $3 million from ELM Companies, the new manufacturing plant is expected to become the primary production site for all Naked Energy products destined for the North American market by 2025. The partners aim to manufacture 150,000 “Virtu tubes” by 2028, with ELM Solar playing a crucial role in overseeing the facility’s operations.

In a recent deployment at Creighton University in Nebraska, Naked Energy installed 69.9 kW of VirtuHot HD units, providing hot water for a dormitory housing approximately 400 students.

Meanwhile, the VirtuPVT unit generates electricity and heat up to 75°C (167°F) by integrating a heat absorber plate, conventional silicon solar cells, and an integrated reflector to maximize sunlight capture.

Featuring standard-sized 6-inch monoPERC solar cells, each tube in Naked Energy’s units is capable of generating 74 watts of power, resulting in a cumulative output of 370 watts across an area of 3.2 square meters. Notably, the vertically mounted electricity-generating units exhibit higher electricity production during spring and fall, demonstrating increased efficiency and versatility compared to conventional residential solar panels dedicated solely to electricity generation.