Octo Capital-led group backs DYCM Solar Modules
The investment funds the buildout of more than one gigawatt of annual U.S. solar module capacity to capture demand from AI data centers, utility-scale projects and domestic content incentives.
Takeaways
- DYCM Solar Modules is a U.S. manufacturer of advanced solar modules for utility-scale, commercial and distributed customers.
- Octo Capital is acquiring DYCM Solar Modules with backing from Octo Capital, Audrose Capital Partners and Antarctica Capital.
- The target serves Solar energy market (utility-scale, commercial, distributed) across California.
DYCM Solar Modules, a U.S. manufacturer of advanced solar modules for utility-scale, commercial and distributed customers, received an investment led by Octo Capital, Audrose Capital Partners and affiliates of Antarctica Capital.
The company will use the capital to scale production at its new 150,000-square-foot facility in Livermore, California, aiming to build more than one gigawatt of annual FEOC-compliant module capacity; its first heterojunction (HJT) line is expected to start commercial shipments in the fourth quarter of 2026, with over 1.2 gigawatts of orders already in hand.
"This investment lets us build at the scale our customers are asking for," said Sriram Das, Chief Executive Officer of DYCM.
The funding supports U.S. module manufacturing that meets Foreign Entity of Concern rules and helps project developers capture the 10% Domestic Content Bonus under federal clean energy tax credits.
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