Press Room

Parasol Elite Power today unveiled an ambitious plan to elevate Merced as a national model for clean energy manufacturing, workforce development, and sustainable regional growth. The company’s multi-phase expansion will bring more than 1,000 high-quality jobs to the area by 2027 and yield significant investments in education, agriculture, and community wellness.

A media availability to share planned transformation of the site into a state-of-the-art clean energy manufacturing center is set for 11:15 a.m. on Tuesday, Aug. 19, at 2050 Wardrobe Ave. in Merced. Among the dignitaries in attendance will be Merced Mayor Matt Serratto, Congressman Adam Gray, and University of California, Merced, Chancellor Dr. Juan Sanchez Munoz.

The company has launched operations in a 60,000 square-foot light assembly facility at the site, with full-scale production beginning in fall 2025. This marks the first phase of a broader expansion that will include a 500,000 square-foot advanced manufacturing campus targeted for acquisition by year’s end.

Planned Hiring and Economic Impact

• 2025 – 150 full-time employees
• 2026 – 350 additional hires
  
• 2027 – 500 more positions
• Total by 2027 – Over 1,000 employees
• Projected revenue – $850M (2025), $1.8B (2026), $4.5B (2027)

Over the next 2.5 years, Parasol Elite Power and its partner companies will invest more than $300 million in the Merced area.

A Complete Clean Energy Supply Chain

At the heart of Parasol Elite Power’s mission is the localization of the entire clean energy supply chain in California’s Central Valley including the production of storage batteries, inverters, power conversion systems (PCS), battery management systems (BMS), energy management systems (EMS), and transformers. This strategy aims to strengthen U.S. energy security, reduce foreign supply chain dependence, and create a regional hub for clean energy innovation — what the company calls “New Energy Valley California.”

Commitment to Workforce Development

Parasol Elite Power’s hiring strategy emphasizes inclusion, targeting underserved populations, veterans, youth, and second-chance candidates. The company will partner with Merced College and UC Merced to provide:

• Internships, mentoring, and clean energy curriculum development
• A donated full-scale energy lab to Merced College for training in renewable and emerging technologies.
• Parasol Elite Power is proud to announce its new Innovation and Technology Center, home to the Deep Blue Energy Engineering Institute. Fully funded by Parasol Elite Power, the Institute will pioneer U.S.-exclusive clean energy technologies, advancing battery storage and energy solutions while reducing reliance on foreign manufacturing.

Wellness and Family Support

Within five years, Parasol Elite Power will establish an on-site wellness center with medical and mental health services, childcare facilities, and programs supporting personal and financial growth for employees and their families.

A Vision for Sustainable Growth

CEO Phil Levers emphasized that Parasol Elite Power’s growth model prioritizes both innovation and preservation:

“I grew up in Silicon Valley and saw firsthand how unplanned growth displaced generations of agriculture and erased local identity. In Merced, we’re committed to showing that progress and preservation can coexist, enabling advanced manufacturing while ensuring farms and dairies continue to thrive alongside new industries.”

Community and Leadership Support

Merced Mayor Matt Serratto welcomed the announcement, noting its potential to transform the region’s economy:

“Parasol Elite Power’s investment in Merced represents a generational opportunity for our community. This is about more than jobs, it’s about building a future where innovation, agriculture, and community pride grow together. Merced is ready to lead California’s clean energy movement, and we are proud to have Parasol Elite Power as a partner in that journey.”

About Parasol Elite Power

At Parasol Elite Power, we design and manufacture all our products. We engineer our own battery cells, modules, and finished products to ensure optimal performance. Our inverters, PCS, BMS, EMS, and EV chargers are also designed and manufactured in-house, ensuring seamless integration and quality control. parasolelitepower.com