SolX
SolX is a minority-owned-and-operated renewable energy company building a state-of-the-art reduced carbon 1-gigawatt N-TOPCon monocrystalline photovoltaic (PV) solar panel manufacturing plant in Puerto Rico, with a long-term vision to generate 6 gigawatts of solar energy in the U.S.
SolX emerged from a partnership between longtime U.S. entrepreneurs and Luxen Solar Energy Co. Ltd. (“LUXEN”). LUXEN is an existing Tier 1 Solar Panel Manufacturer of high-efficiency solar modules, focusing on the innovation of solar module technologies and providing the best solar products to customers worldwide, with distribution in 90 countries.
SolX is determined to play a pivotal role in helping Puerto Rico reach its goal of meeting its electricity needs with 100% renewable energy by 2050, along with realizing interim goals of 40% by 2025, 60% by 2040, the phaseout of coal-fired generation by 2028, and a 30% improvement in energy efficiency by 2040 as established in Puerto Rico Energy Public Policy Act.
Samuel Sanchez, Founder
Sam Sanchez is a long-time Mexican-American businessman based in the city of Chicago. Sam Sanchez started his career as a restaurateur. Since, he has led multiple joint ventures spanning industries such as manufacturing, construction and development, trade education, security, renewable energy, and transportation. He is an advocate for the Latino business community locally and nationally.
Inspiration to Start Company
The spark for SolX ignited on a personal level. One of the founders, while visiting their father’s ranch, witnessed the transformative impact of installing just a few solar panels. The ability to generate clean, reliable energy on-site resonated deeply.
This experience, combined with travels to Puerto Rico and witnessing their ongoing struggles with traditional energy infrastructure, solidified the founders’ belief in the urgent need for wider adoption of renewable energy solutions.