What VSK Energy does

VSK Energy LLC is a privately held, majority US-owned joint venture formed in June 2023 by India's Vikram Solar, New York-based Phalanx Impact Partners, and Das & Co. to establish vertically integrated solar manufacturing on US soil. The company targets utility-scale, commercial & industrial (C&I), and residential solar markets with a portfolio of three product families: HYPERSOL (n-TOPCon glass-glass modules, 415-715W, 23.02% efficiency), PARADEA (bifacial glass-glass modules, 420-680W, 21.89% efficiency), and PREXOS (glass-to-transparent modules). Distribution is direct B2B supplemented by Vikram Solar's existing global network across 32 countries and 600+ Indian locations, with Mortenson serving as EPC partner.

The business model is hardware sales of solar modules, with revenue mechanics tied to GW-scale module shipments. Phase 1 ($250M investment) is a 2 GW module assembly facility in Brighton, Colorado, expected to commence operations with first customer deliveries in Q1 2025. Phase 2 (up to $1.25B) targets a 4 GW ingot/wafer/cell factory in a Southern US state with operations expected in 2025. The company benefits from Inflation Reduction Act domestic content incentives and up to $9.17M in Colorado Job Growth Incentive Tax Credits. Leadership includes Co-Chairmen Sriram Das (Das & Co.) and Jay Sharma, with Vikram Solar founder Gyanesh Chaudhary providing strategic direction. As of latest data, VSK Energy is pre-revenue with operations ramping.

Name

VSK Energy

Legal name

VSK Energy LLC

Website

https://vskenergy.com

Company type

Private

Founded year

2023

Operating status

Operating

Short description

VSK Energy is a US-based, vertically integrated solar module manufacturer serving utility-scale, C&I, and residential markets through n-TOPCon and HJT module production. Formed in 2023 as a joint venture between Vikram Solar, Phalanx Impact Partners, and Das & Co. with up to $1.5 billion in planned investment.

Ownership category

akta.pro rank

Product category

Solar PV Module Manufacturing

SIC

Semiconductors & Related Devices (3674)

akta.pro primary industry

Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD)

akta.pro secondary industries

Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA), Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK)

Keywords

• Solar module manufacturing
• Photovoltaic modules
• Vertically integrated solar
• Bifacial solar panels
• Utility-scale solar

Headquarters

HQ city

Westborough

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Solar Module Sales: Sale of high-efficiency solar photovoltaic modules including n-TOPCon (HYPERSOL series), bifacial (PARADEA series), and PREXOS product lines to utility-scale, C&I, and residential customers
2. Module Assembly Services: 2 GW module assembly manufacturing facility in Brighton, Colorado with planned expansion to 4 GW annual capacity

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

VSK Energy manufactures high-efficiency solar photovoltaic modules — including n-TOPCon glass-glass modules (HYPERSOL series), bifacial glass-glass modules (PARADEA series), and glass-to-transparent modules (PREXOS) — at a 2 GW Phase I assembly facility in Brighton, Colorado (expandable to 4 GW). Modules range from 415-715W with up to 23.02% efficiency and carry 30-year performance warranties, sold to utility-scale, commercial & industrial, and residential solar markets across the United States.

Product overview

VSK Energy is a vertically integrated solar manufacturing joint venture offering a portfolio of high-efficiency solar modules. The product lineup consists of three named products: HYPERSOL (n-TOPCon glass-glass modules, 415-715W, 23.02% efficiency for utility-scale), PARADEA (bifacial modules, 420-680W, 21.89% efficiency), and PREXOS (glass-to transparent modules). All products leverage advanced technologies including n-TOPCon and HJT, feature anti-glare capabilities, and come with 30-year performance warranties. The modules support a wide range of applications including utility-scale, commercial & industrial, residential, rooftop, ground-mounted, floating, and on & off-grid systems.

Differentiator

Problem solved

Functional benefit

Brands

• HyperSol: n-TOPCon glass-glass solar modules with power range 415-715W and maximum efficiency of 23.02%. Preferred for utility scale projects.
• Paradea
• Prexos

Products and services

• HYPERSOL n-TOPCon glass-glass solar module with a power range of 415-715W and maximum efficiency of 23.02%, preferred for utility-scale projects. Carries a 30-year performance warranty.
• PARADEA Bifacial glass-glass solar module with a power range of 420-680W and maximum efficiency of 21.89%, suited for utility-scale, commercial & industrial, and residential applications. Carries a 30-year performance warranty.
• PREXOS Glass-to-transparent solar module offering with a power range of 420-680W and maximum efficiency of 21.89%, designed for specialized applications where transparency is required.

Quantifiable outcome

• 900+ US manufacturing jobs created with average salary exceeding $70,000 (over 105% of Adams County average wage)
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and major.

• Vikram SolarcoreStrategic or Co-development Partner · 22 June 2023Vikram Solar, Kolkata-based solar energy solutions provider and one of India's largest PV module manufacturers (3.5 GW capacity), serves as the founding JV partner bringing 17 years of solar manufacturing experience. Provides technology, manufacturing expertise, and global market access to the VSK Energy joint venture.
• MortensonmajorImplementation/ SI/ Consulting Partner · 22 June 2023Leading solar engineering, procurement, construction, and commercial contracting firm with nearly 70 years of experience and over 13 years in solar energy construction. Oversees engineering and construction of both phases of VSK Energy's manufacturing facilities. Has installed solar projects across 17 US states providing more than 9 GW of generation.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Mission Solar Energy: Mission Solar Energy is a US-based solar module manufacturer headquartered in San Antonio, Texas, producing high-efficiency PERC and TOPCon modules for utility, C&I, and residential markets. It is a direct US domestic competitor to VSK Energy's Brighton-produced modules.
• First Solar: First Solar is the largest US-headquartered solar PV module manufacturer, operating multi-GW CdTe thin-film and emerging CdTe/perovskite tandem module factories in Ohio and other US states. It is the most direct comparable to VSK Energy as a US-based, IRA-benefiting, vertically integrated solar manufacturer serving utility-scale customers.
• REC Group: REC Group manufactures high-efficiency HJT and shingled solar modules and is expanding US manufacturing capacity. It is a direct competitor to VSK Energy's HYPERSOL and PARADEA product lines in the high-efficiency, premium domestic solar segment.
• Hanwha Qcells: Hanwha Qcells is building a fully integrated solar supply chain in the US, including a module assembly facility in Dalton, Georgia and a planned ingot/wafer/cell/module complex in Cartersville, Georgia. Like VSK Energy, it is leveraging IRA incentives to localize the full solar value chain and serve US utility-scale and C&I customers.
• Maxeon Solar Technologies: Maxeon is a Singapore-headquartered manufacturer of high-efficiency back-contact solar modules (IBC technology) with planned US manufacturing. It competes with VSK Energy in the premium, high-efficiency distributed solar market.
• SunPower: SunPower is a long-established US residential and C&I solar installer and module provider with Maxeon-manufactured panels. It competes with VSK Energy in the US residential and C&I segments targeted by VSK's PARADEA and PREXOS product lines.

Broad incumbents

• Canadian Solar: Canadian Solar is a major vertically integrated solar manufacturer and project developer with TOPCon technology modules and a growing US manufacturing footprint. It competes with VSK Energy across both module sales and US utility-scale project development.
• JinkoSolar: JinkoSolar is one of the world's largest solar module manufacturers by capacity, with N-type TOPCon modules comparable to VSK Energy's HYPERSOL line. While primarily China-based, JinkoSolar serves the US market through AD/CVD-cleared channels and competes with VSK Energy on technology and price.
• Trina Solar: Trina Solar is a global Tier-1 module manufacturer with a broad portfolio including N-type TOPCon and HJT modules targeting the same utility-scale and C&I segments as VSK Energy. It is a broad incumbent competitor in the high-efficiency solar module space.

Emerging players

• Silfab Solar: Silfab Solar is a North American premium solar module manufacturer with facilities in Washington and South Carolina, producing high-efficiency back-contact and bifacial modules. It is an emerging direct competitor to VSK Energy in the US-domestic high-efficiency module segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VSK Energy