FTCI FTC SOLAR INC

FTC Solar and Primoris Announce 500 Megawatt Tracker Supply Agreement

FTC Solar and Primoris Announce 500 Megawatt Tracker Supply Agreement

New Pioneer 1P Tracker Selected for its ease of installation, fewer required foundations and low capital and labor cost

AUSTIN, Texas, Sept. 15, 2022 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has been selected by Primoris Renewable Energy (Primoris) to supply at least 500 megawatts of its solar tracker technology for multiple project sites in the U.S. Primoris is expected to utilize FTC Solar’s new and differentiated Pioneer 1P tracker technology on multiple projects to optimize performance while reducing capital and labor costs.

"We are honored to be selected by Primoris, a leading solar EPC, to further strengthen our relationship and supply a number of future projects including with our latest tracker technology, Pioneer,” said Patrick Cook, Chief Commercial Officer. “By selecting Pioneer, Primoris is receiving a truly differentiated 1P tracker that achieves a full 18%-36% pile count reduction per megawatt vs. other leading trackers, along with a high-density design, resulting in reduced labor and materials cost and greater energy output.”

Designed for ease of construction, Pioneer boasts a significantly reduced pile count relative to competing solutions, reduced pile embedment depth enabled by a zero-degree stow, as well as fast assembly, with proprietary fast-module hang technology and fewer fasteners. Pioneer also accommodates a 17.5% slope along with a shorter row length to enable more than a 5% greater energy output for a given parcel of land.

Anthony Vorderbruggen, SVP, Operations for Primoris said “Primoris and FTC Solar are pleased to announce this partnering agreement that will allow Primoris to provide additional value to select clients. This agreement, which is based on our strong business relationship and FTC’s commitment to innovation, will also support our ability to provide increased domestic content to the market.”

About FTC Solar 

FTC Solar is a fast-growing, global provider of solar tracker systems, software, and engineering services. FTC Solar’s innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage. Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is headquartered in Austin, Texas, and maintains a sales and support presence in the Middle East, Asia, Europe, Australia, India, and Africa. For more information, please visit 

FTC Solar Investor Contact:

Bill Michalek

Vice President, Investor Relations

FTC Solar

T: (737) 241-8618

E:

FTC Solar Media Contact:

Scott Deitz

For FTC Solar

T: (336) 908-7759



EN
15/09/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on FTC SOLAR INC

 PRESS RELEASE

FTC Solar to Participate in Upcoming Investor Conferences

FTC Solar to Participate in Upcoming Investor Conferences AUSTIN, Texas, May 13, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, today announced that members of its management team, including CEO Yann Brandt, are scheduled to participate in meetings with investors at the following upcoming conferences: CLEANPOWER 2025 – May 20, 2025, Phoenix. The company will participate in group investor meetings with analysts from UBS, Guggenheim, and Roth Securities. Bank of America Power, Utilities and Alternati...

 PRESS RELEASE

FTC Solar Announces First Quarter 2025 Financial Results

FTC Solar Announces First Quarter 2025 Financial Results First Quarter Highlights and Recent Developments First quarter revenue of $20.8 million, up 58% q/q, above targetCost efficiencies drive operating expenses to multi-year lowSeeing increased customer interest and activity including bid activity up 60% y/yUpsized promissory note offering expected to close in Q2Strengthened Board of Directors with addition of two new members AUSTIN, Texas, May 01, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced...

 PRESS RELEASE

FTC Solar to Announce First Quarter 2025 Financial Results Thursday, M...

FTC Solar to Announce First Quarter 2025 Financial Results Thursday, May 1, 2025 AUSTIN, Texas, April 24, 2025 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its first quarter 2025 financial results before market open on Thursday, May 1, 2025. A conference call for members of the investment community will be held at 8:30 a.m. E.T. that same day, during which the Company will discuss its first quarter 2025 results, its outlook and other business items. This call will be web...

 PRESS RELEASE

FTC Solar Introduces Revolutionary Dual-Row Configuration for 1P Pione...

FTC Solar Introduces Revolutionary Dual-Row Configuration for 1P Pioneer Tracker™: Industry’s Highest East-West Slope Tolerance for a linked tracker AUSTIN, Texas, April 08, 2025 (GLOBE NEWSWIRE) -- FTC Solar, a leading provider of cutting-edge solar tracker technology, is excited to unveil its latest innovation with the dual-row configuration for the 1P Pioneer Tracker™, setting a new standard in efficiency and adaptability for solar installations. Designed to meet the demands of challenging terrain, FTC’s dual-row system significantly enhances project yield, reduces costs, and maximizes...

 PRESS RELEASE

FTC Solar Announces Fourth Quarter 2024 Financial Results

FTC Solar Announces Fourth Quarter 2024 Financial Results Fourth Quarter Highlights and Recent Developments Fourth quarter revenue of $13.2 million, at the high end of our prior targetEntered into 5-gigawatt supply arrangement with Recurrent EnergyAwarded 330+ megawatt project in Australia from GPG NaturgyAwarded 280-megawatt project in U.S. from RosendinAppointed industry veteran Kent James as U.S. Chief Commercial OfficerReceived additional $3.2 million earn-out on prior investment post quarter endAnnounced upsizing of promissory note offering for up to additional $10-$15 mil. to close ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch