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HOUSTON, June 18, 2025 /PRNewswire/ -- SEG Solar ("SEG"), a leading U.S.-based PV module manufacturer, announced the successful completion of its first transaction for the sale of Section 45X Advanced Manufacturing Production Tax Credits, with a total value of up to $50 million. The transaction closed, and the first funding occurred, on June 6, 2025.
The tax credits originate from SEG Solar's 2025 module production at its manufacturing factory in Houston, Texas. Under the agreement, a U.S. public company will pay SEG a price of $0.94 per $1.00 of tax credit value across four installments tied to actual production output and sales of solar modules.
Jim Wood, CEO of SEG Solar, said: "We are thrilled to have finalized our first Section 45X tax credit sale, marking a major financial milestone for our company. This transaction provides us with significant cash flow, strengthens our financial position and enables us to further accelerate our investment in U.S. manufacturing. By expanding our production capacity and deepening our domestic partnerships, we are not only advancing clean energy innovation but also contributing meaningfully to job creation and long-term economic growth."
This deal follows months of strategic efforts by SEG to strengthen its domestic operations and contribute to building a more resilient domestic solar supply chain. It also demonstrates strong market confidence in the reliability of SEG production output and the Section 45X credit transfer mechanism, especially for credits backed by U.S.-manufactured module technology.
The tax credits are directly tied to the volume of solar modules produced in 2025 at SEG's facility in Houston, Texas. With a total investment exceeding $60 million, the manufacturing facility has achieved an annual production capacity of 2 GW through two state-of-the-art fully automated production lines. This enables SEG to strengthen its commitment to providing developers and project owners with reliable, high-quality modules featuring the highest possible level of domestic content.
The transaction was facilitated by Moss Adams LLP (n/k/a Baker Tilly Advisory Group).
About SEG Solar
Founded in 2016, SEG is a leading vertically integrated PV manufacturer headquartered in Houston, Texas, U.S., and is dedicated to delivering reliable and cost-effective solar modules to the utility, commercial, and residential markets. By the end of 2024, SEG had shipped over 6 GW of solar modules worldwide and have achieved a module production capacity of 6 GW.
HOUSTON, June 18, 2025 /PRNewswire/ -- SEG Solar ("SEG"), a leading U.S.-based PV module manufacturer, announced the successful completion of its first transaction for the sale of Section 45X Advanced Manufacturing Production Tax Credits, with a total value of up to $50 million. The transaction closed, and the first funding occurred, on June 6, 2025.
The tax credits originate from SEG Solar's 2025 module production at its manufacturing factory in Houston, Texas. Under the agreement, a U.S. public company will pay SEG a price of $0.94 per $1.00 of tax credit value across four installments tied to actual production output and sales of solar modules.
Jim Wood, CEO of SEG Solar, said: "We are thrilled to have finalized our first Section 45X tax credit sale, marking a major financial milestone for our company. This transaction provides us with significant cash flow, strengthens our financial position and enables us to further accelerate our investment in U.S. manufacturing. By expanding our production capacity and deepening our domestic partnerships, we are not only advancing clean energy innovation but also contributing meaningfully to job creation and long-term economic growth."
This deal follows months of strategic efforts by SEG to strengthen its domestic operations and contribute to building a more resilient domestic solar supply chain. It also demonstrates strong market confidence in the reliability of SEG production output and the Section 45X credit transfer mechanism, especially for credits backed by U.S.-manufactured module technology.
The tax credits are directly tied to the volume of solar modules produced in 2025 at SEG's facility in Houston, Texas. With a total investment exceeding $60 million, the manufacturing facility has achieved an annual production capacity of 2 GW through two state-of-the-art fully automated production lines. This enables SEG to strengthen its commitment to providing developers and project owners with reliable, high-quality modules featuring the highest possible level of domestic content.
The transaction was facilitated by Moss Adams LLP (n/k/a Baker Tilly Advisory Group).
About SEG Solar
Founded in 2016, SEG is a leading vertically integrated PV manufacturer headquartered in Houston, Texas, U.S., and is dedicated to delivering reliable and cost-effective solar modules to the utility, commercial, and residential markets. By the end of 2024, SEG had shipped over 6 GW of solar modules worldwide and have achieved a module production capacity of 6 GW.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
SEG Solar Announces First Section 45X Tax Credit Sale
Limited-edition designs of Bellroy's lightweight, everyday bags and pouches from the Cinch range.
MELBOURNE, Australia, Jan. 13, 2026 /PRNewswire/ -- Bellroy released new limited-edition products to their Cinch collection in celebration of the Year of the Horse, with colors, silhouettes and hidden messages representing calm and relaxation. The custom designs capture the symbolism of the new year with an injection of modernity, with crimson to represent lucky red, seafoam green as a nod to spring, and hidden messages of rest and readiness, unique to each style. These limited-edition products are available now at bellroy.com and at select retailers.
Products:
- Cinch Backpack – Year of the Horse Edition
- Cinch Mini Messenger – Year of the Horse Edition
- Cinch Pocket – Year of the Horse Edition
- Cinch Pouch – Year of the Horse Edition
- New Year Horse Charm
- New Year Owl Charm
Bellroy is also offering customers the New Year Horse Charm and New Year Owl Charm as gifts with the purchase of the Cinch Backpack – Year of the Horse Edition or Mini Messenger – Year of the Horse Edition (while stocks last). The horse charm, molded from clay and developed through 3D printing, features two snuggling horses sitting on a diamond-style knot that loosely resembles a traditional Chinese knot. Bellroy Designer Rowan Dinning says, "For Year of the Horse, we didn't want to signal a hustle culture, like the cliché, prancing pony. We focused more on being in connection with family and that sense of community when putting together the capsule."
This capsule is a modern take on a year that is often tied to speed, ambition and momentum. Bellroy reframes the story: rest and prepare, then move with purpose. "The idea was inspired by the phonetic similarity between 'Cinch' and the Chinese word '松弛' (sōngchí), which means relaxed, chilled or loosened. The design language of the Cinch family – playful structure, soft and lightweight materials – further reinforces this 'chilled' feeling," says Bellroy BD Project Manager Fiona Fang.
Cinch Backpack – Year of the Horse Edition
Cinch Mini Messenger – Year of the Horse Edition
Cinch Pocket – Year of the Horse Edition
Cinch Pouch – Year of the Horse Edition
New Year Horse Charm and New Year Owl Charm
- RRP US$35 each.
- Available as a free gift with eligible purchases.
Now available at bellroy.com and selected retailers.
Product images available here.
Apple-exclusive collection
In addition to the collection available on bellroy.com, Bellroy has collaborated with Chinese paper artist Chen Fenwan to create a Year of the Horse Collection made exclusively for Apple – comprising the Laptop Caddy, Travel Organizer and Cinch Messenger. Each limited-edition product includes an exclusive patterned lining designed by the artist.
Laptop Caddy 14" – Special Edition
Travel Organizer – Special Edition
Cinch Messenger – Special Edition
Now available at apple.com and in select stores.
Product images available here.
About Bellroy
Bellroy is an Australian certified B-Corp revolutionizing everyday carry since 2010. The design-obsessed brand creates wallets, bags, and tech accessories that solve real problems through sustainable materials and meticulous engineering. With products sold in 100+ countries, Bellroy demonstrates that business can be a force for good without compromising on quality or design.
Social Media:
Instagram: https://www.instagram.com/bellroy
TikTok: https://www.tiktok.com/@bellroy_official
Facebook: https://www.facebook.com/bellroy.official|
YouTube: https://www.youtube.com/@bellroy_official
LinkedIn: https://linkedin.com/company/bellroy
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Bellroy Releases Year of the Horse Capsule Collection
