A few years ago, the city of Sault Ste. Marie, Ontario branded itself as the “Alternative Energy Capital of North America.” Today, it is home to one of the largest wind farms in Canada, five hydroelectric stations, two over-sized solar farms and Heliene Inc., a successful solar panel manufacturer. Heliene uses its highly automated 30,000-square-foot facility on Allens Side Road and just-in-time delivery model to offer the best solar photovoltaic modules and customer service in the market. The company is also about to open a state-of-the-art production facility in Minnesota to service the American market, which company president Martin Pochtaruk calls the “newest and most modern factory in the United States.”


Heliene was founded in 2010 by Pochtaruk and a group of investors with an investment of $12 million, as well as a $2.5 million loan from the Ontario government. This decision was in response to the Green Energy Act, passed in 2009 by Premier Dalton McGuinty’s cabinet. The legislation was intended to stimulate the economy and lift Ontario out of the 2008–09 recession by creating jobs in the renewable energy industry, offering subsidies to renewable energy generators like solar and wind farms. However, to be eligible for these subsidies, generators were required to source a certain percentage of their equipment from within Ontario.

Pochtaruk and his team recognized this legislation as a promising opportunity, and Heliene produced its first solar photovoltaic panels in October 2010. Since then, a combination of market forces and legislative changes have altered the renewable energy industry (e.g., Ontario was ordered by the World Trade Organization to remove the domestic content requirements in 2013), forcing Heliene to continue its commitment to innovation, just-in-time delivery, automation, and bankability in order to remain a leader in the industry.


Since its inception, Heliene has grown to comprise over two hundred employees within Canada and the USA. In 2017, the company achieved over $94 million in sales. The vast majority of its revenue comes from infrastructure investments with third-party non-recourse financing. Examples of the typical stakeholders involved include solar project developers, engineering and construction companies, and commercial utility companies. The financiers behind Heliene’s projects need suppliers who are approved, bankable vendors. Essentially, lenders must be convinced that the technology will perform as required, and that Heliene is financially stable enough to honour its long-term warranties (its solar modules have a 25-year warranty).

Gaining lenders’ confidence requires a proven track record of success and accountability, which Heliene has readily provided. This record gives the company a competitive advantage over other, less established manufacturers looking to break into the industry. Moreover, Heliene’s early entry into the solar industry has allowed it to remain ahead of its competitors with respect to the technological capabilities of its products. The company’s photovoltaic modules are the only ones among North American producers listed as “Tier 1” by Bloomberg New Energy Finance.

The company’s photovoltaic modules are the only ones among North American producers listed as “Tier 1” by Bloomberg New Energy Finance.

In order to produce the highest-quality product on the market, Heliene focuses heavily on perfecting its production process. Its Sault Ste. Marie facility is highly automated and leverages some of the most advanced technologies available in the industry. Further, the production staff makes heavy use of data collection and analytics. As Pochtaruk notes, management can use this data to determine what part was being made, by whom, and who was within 20 feet of the part at the time; this gives Heliene complete traceability in all of its products, which is another requirement for satisfying its customers.

Sault Ste. Marie facility is highly automated and leverages some of the most advanced technologies available in the industry.

In 2017, the majority of Heliene’s sales came from the United States and Pochtaruk expects the company to continue capitalizing on this market moving forward. In the United States, he explains, solar energy is the fastest growing source when it comes to new power generation. Pochtaruk is confident that demand for solar panels is strong and will continue to grow in the future.


The solar industry in Ontario has experienced several ups and downs since Heliene began in 2010. Growth in the industry has not been as substantial as many initially forecasted, and the removal of domestic content requirements for generators in Ontario was not favourable to manufacturers like Heliene. However, the company has remained successful by continuing to innovate and explore new markets, and by capitalizing on its reputation among key stakeholders in the industry.

U.S. solar panel tariffs implemented in January 2018 pose another significant challenge for Heliene. When a 30 percent tariff was immediately imposed on all panels imported into the United States, it seriously diminished Heliene’s margins. Fortunately, thanks to its new U.S. facility opening in late August 2018, the firm will be able to keep servicing this market effectively.


Heliene continues to secure its future by taking on many exciting new initiatives. At present, the company is partnering with Canadian post-secondary institutions and governments to develop solar modules for use in other industries. One example is the company’s partnership with Queen’s University ePower laboratory to develop an intelligent solar module for use in transforming legacy power distribution systems to smart distribution systems. These modules will be able to produce active and reactive power on demand and communicate in real time with the control room of the utility company to increase efficiency.

A second exciting development is Heliene’s partnership with a Southern Ontario College (with funding from the Ontario’s Agricultural Council) to create specialized solar panels for greenhouse rooves. These panels will not only power the greenhouses but will also polarize all light that enters them, enabling faster plant growth. Pochtaruk believes this project is a great opportunity to break into the rapidly growing greenhouse market worldwide.

A final project Heliene is working on is designing and developing fully solar powered electrical vehicle chargers. This rapidly growing market is increasingly looking for green solutions, which the company hopes to provide with the help of funding from the Government of Canada.

Heliene is a perfect example of an Ontario manufacturer that is both spurring economic growth in Canada and doing its part to help the environment as well.

Heliene is a perfect example of an Ontario manufacturer that is both spurring economic growth in Canada and doing its part to help the environment as well. For more information, please visit the company’s website at https://www.heliene.com/.

Published on September 4, 2018

Company Profile

Company Description


Heliene Inc. manufacturers solar photovoltaic modules at its 30,000-square-foot on Allen’s Side Road in Sault Ste. Marie, Ontario. It uses its strategy of innovation, just-in-time delivery, automation, and bankability, to service its customers in Canada, the United States, and across the world. The majority of Heliene’s sales come from various infrastructure projects, but the company is also in the process of developing solar modules for uses in different industries. Since its founding in 2010, it has been led by President Martin Pochtaruk.

Key Facts



  • 520 Allens Side Road, Sault Ste. Marie, ON, P6A 6K4


  • 30,000 square feet in Sault Ste. Marie, Ontario

  • 25,000 square feet in Mountain Iron, Minnesota

  • Preparing to open an additional facility in Sheridan, Oregon


  • Martin Pochtaruk – President and Co-Founder

  • Jan Dressel – Chief Technology Officer

  • Brad Simard – Controller / Chief Financial Officer

  • Gustavo Loureiro – Chief Operating Officer

  • Scott Mclorie – VP Sales & Business Development

Year Established:

  • 2010

Number of Employees:

  • 78 in Sault Ste. Marie

  • 125 others spread throughout Canada and the United States


  • $94 million


  • 333990 – All Other General-Purpose Machinery Manufacturing


  • Heliene 36M (36-cell monocrystalline)

  • Heliene 36P (36-cell polycrystalline)

  • Heliene 60M (60-cell monocrystalline)

  • Heliene 60P (60-cell polycrystalline)

  • Heliene 72M (72-cell monocrystalline)

  • Heliene 72P (72-cell polycrystalline)

  • Heliene 96M (96-cell monocrystalline)

  • Heliene 96P (96-cell polycrystalline)


  • Infrastructure projects with 3rd-party non-recourse financing

  • Solar project developers

  • Engineering companies

  • Construction companies

  • Commercial utility companies

  • Distributors covering the residential solar market


  • 88% of revenue is exports to the United States

R&D, Skills, and Educational Needs

  • R&D:

    • Invest 5-8% of annual revenue into research and development each year

    • Research focused in product efficiency, cost optimization, and connectivity to the smarter grid of tomorrow

    • Heliene has worked with the University of British Columbia, Queen’s University, the University of Waterloo, St. Lawrence College, and the University of Toronto

    • Heliene takes advantage of The Scientific Research and Experimental Development (SR&ED) federal tax incentive program to fund some research and development, as well as the NRCAN IRAP program among other

  • Skills:

    • Almost 10 years’ experience manufacturing solar panels

    • Robotics engineering capabilities

    • Highly automated production process

  • Education:

    • Hire many engineers and individuals with business backgrounds


Heliene was founded in 2010 by President Martin Pochtaruk and a group of investors with an investment of $12 million and a $2.5 million loan from the Ontario government. Since then, it has grown to employ 78 people in Sault Ste. Marie and has annual revenue of $94 million.

Competitive Environment


  • Two other solar panel manufacturers in Ontario

  • A small number of solar panel manufacturers in the United States

  • Plethora of overseas producers (China in particular)


  • Queen’s University ePower laboratory

  • Waterloo University

  • Quantum Dot Solar (QD Solar - University of Toronto)

  • University of British Columbia

Government Programs

  • Scientific Research and Experimental Development (SR&ED)

  • Ontario Agricultural Council Funding

  • Loans from the Ontario Government’s Northern Ontario Heritage Fund

  • Government of Canada Funding (Industry Canada through Fednor)

SWOT Analysis

  • Strengths

    • Reputable brand name in the industry and has a leg up on many new market entrants, Bloomberg Tier 1 Listed.

    • Highly automated facility

    • Approved vendor for many infrastructure projects

    • Significant R&D capabilities and exciting initiatives with various postsecondary institutions

  • Challenges

    • Slow growth in Ontario market

    • Tariffs imposed by the United States for Canadian made product

  • Opportunities

    • Opportunity to grow global sales

    • Significant opportunity to expand into other industries (i.e. intelligent solar modules, greenhouses, electric vehicles)



  • Martin Pochtaruk, 2012 Top Canadian Entrepreneur by Ivey School of Business, KPMG, TD Bank and the Globe and Mail.


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