Silfab Solar

Silfab Solar

Designs and manufactures high-efficiency solar panels

About Silfab Solar

Simplify's Rating
Why Silfab Solar is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Robotics & Automation

Energy

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$245M

Headquarters

Mississauga, Canada

Founded

2010

Overview

Silfab Solar designs and manufactures high-efficiency solar panels specifically for the North American market. Their production process incorporates advanced robotics and automation, ensuring that their panels are reliable and of high quality, with one of the lowest defect rates in the industry. The Silfab Elite Series is their flagship product, recognized for having the highest efficiency among solar panels made in the United States. Silfab Solar caters to a wide range of customers, including commercial utility developers, homeowners, and installers, through a network of distributors across the U.S. and Canada. Unlike many competitors, Silfab focuses on producing solar panels that maximize power density and long-term reliability, supported by a strong warranty. The company's goal is to meet the increasing demand for sustainable energy solutions in the renewable energy sector.

๐Ÿ“ˆ
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Silfab's new South Carolina facility boosts U.S. solar cell production capacity.
  • Partnerships with Nexamp and Pivot Energy expand Silfab's market reach in the U.S.
  • $100M financing supports Silfab's expansion and job creation in South Carolina.

What critics are saying

  • Competition from Chinese manufacturers may undercut Silfab's market share in North America.
  • Supply chain vulnerabilities could impact production costs and timelines for Silfab.
  • Fluctuating government incentives in the U.S. and Canada may affect Silfab's profitability.

What makes Silfab Solar unique

  • Silfab Solar's Elite Series offers the highest efficiency in U.S.-made solar panels.
  • Advanced robotics and automation ensure low defect rates in Silfab's solar panels.
  • Silfab's focus on North American market tailors products to regional needs and standards.

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Funding

Total Funding

$245M

Above

Industry Average

Funded Over

3 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

โ†“ -1%

1 year growth

โ†‘ 7%

2 year growth

โ†‘ 7%
Tega Cay Sun
Mar 11th, 2025
Silfab Solar Appoints Mike Boggs as Chief People Officer Ahead of Major Expansion

FORT MILL, S.C. - Silfab Solar, North America's leading photovoltaic (PV) module manufacturer, has named Mike Boggs as Chief People Officer as the company prepares to launch its new solar cell manufacturing facility in Fort Mill this April.

Hereirmo
Mar 2nd, 2025
South Carolina and Canada Strengthen Trade Relations

New entrants, Niagara Pharmaceuticals and Silfab Solar, are set to invest $159 million and create 845 additional jobs.

SolarQuarter
Jan 10th, 2025
Silfab Solar Joins Forces With Pivot Energy For U.S.-Made Solar Solution

Silfab Solar joins forces with Pivot Energy for u.s.-made solar solution.

PR Newswire
Dec 17th, 2024
Silfab Solar, Nexamp Announce U.S.-Made Solar Supply Agreement

BURLINGTON, Wash., Dec. 17, 2024 /PRNewswire/ -- Silfab Solar Inc., North America's leading PV module manufacturer, today announced a supply agreement with Nexamp, an independent renewable energy provider and one of the nation's largest community solar developers, for delivery of Silfab's newest commercial panels featuring Silfab cells made in the United States.The partnership will start shipment of the first 125 megawatts in late Q2 2025 of panels exclusively manufactured in the U.S. with cells produced from Silfab's state-of-the-art South Carolina facility. Nexamp executives recently toured Silfab's newest assembly plant, where Silfab will initially produce 1 gigawatt of American-made solar cells and 1.3 gigawatts of modules."Our partnership provides Nexamp significant access to a superior U.S. solar product that enables them to further integrate domestic content into their project portfolios," said Paolo Maccario, Silfab President and CEO. "The promise of American-made solar modules delivering clean energy to U.S

Finsmes
Nov 22nd, 2024
Silfab Solar Raises $100M in Financing

Silfab Solar raises $100M in financing.

Recently Posted Jobs

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Process Automation Technician

Burlington, WA, USA

Maintenance Parts Coordinator

Burlington, WA, USA

Jr. Support Analyst

Fort Mill, SC, USA

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Silfab Solar is Hiring for 20 Jobs on Simplify!

Find jobs on Simplify and start your career today

๐Ÿ’ก
We update Silfab Solar's jobs every few hours, so check again soon! Browse all jobs โ†’

Maintenance Parts Coordinator

Burlington, WA, USA

Jr. Support Analyst

Fort Mill, SC, USA

See All Jobs

Silfab Solar is Hiring for 20 Jobs on Simplify!

Find jobs on Simplify and start your career today

๐Ÿ’ก
We update Silfab Solar's jobs every few hours, so check again soon! Browse all jobs โ†’