US solar industry leans on contract manufacturers to boost domestic output of inverters, trackers

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POST DATE
April 23, 2024
By Editorial Team

This piece was contributed to Solar Power World Online by Billy Ludt.

Domestic solar manufacturing is seeing an unprecedented boom as the industry reaps the tax benefits of the Inflation Reduction Act. To meet the demands of electrifying and decarbonizing the American grid with products made within its borders, companies are expanding operations in the United States.

However, not every solar company producing hardware has the knowhow, staff or facilities for in-house manufacturing at scale. To make products without expanding operational bandwidth, companies can work with contract manufacturers — specialized third-party fabricators that produce components to the specifications of the originating company.

Contract manufacturing arrangements vary by a company’s needs. They can be short-term, or in the case of many solar companies, they can start entire factories or new manufacturing lines dedicated to producing individual pieces or whole products.

Read the full article here.

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Chief Commercial Officer

Jenya Meydbray

Jenya is the Chief Commercial Officer of Nevados, prior to that he co-founded PVEL in 2010 and served as CEO for the past dozen years. 

He developed the first extended reliability and performance test protocols for the downstream PV industry as well as innovative methods of evaluating PV performance for power plant level risk assessment and mitigation. 

Prior to founding PVEL, Jenya was the Senior Quality and Reliability Engineer at SunPower where he designed accelerated test methods for high-efficiency solar cells and modules. Jenya began his career at NASA Ames Research Center’s hyper-gravity facilities. He also served as VP of Technology for Cypress Creek Renewables, a utility-scale project developer.

DIRECTOR OF FINANCE

Rick Baldini

Rick has over 18 years of finance experience across several industries including financial services, insurance, real estate, and construction.  Rick is experienced in building, leading, and advising companies through complex restructurings, business expansion and product development.  

Prior to Nevados, Rick was the CFO for Link Real Estate & Urban Land Co, a real estate investment firm, that Rick led to become the fastest growing private company in Central Ohio.  Rick has also been successful in structuring a multi-million-dollar licensing deal with a public company while CFO at Global Administration Management, a boutique consulting firm in the insurance industry.

Rick is a graduate of the University of Arizona where he received a B.S. in Finance and Marketing.