FTC Solar and Levona Renewables Join Forces for Major Project
FTC Solar and Levona Renewables: A Significant Partnership
FTC Solar, Inc. (NASDAQ: FTCI) has recently made waves in the renewable energy sector by partnering with Levona Renewables. This partnership marks a pivotal step towards enhancing the solar energy landscape through innovative technology and strategic collaboration.
Details of the Agreement
As per the agreement, FTC Solar will be supplying solar trackers and associated software for an impressive one gigawatt of solar projects spearheaded by Levona Renewables. The commencement of this significant operation is anticipated in early 2026, which represents a notable advancement in the solar power industry.
The First Project: CT Solar One
The foremost project under this agreement is CT Solar One, a utility-scale solar facility boasting a capacity of 140 megawatts. This project is poised to develop across a vast 478 acres within a larger 27,000-acre site. Construction is targeted to initiate in early 2026, with subsequent projects, CT Solar Two and CT Solar Three, expected to contribute an additional 650 megawatts to the overall site.
Innovative Technologies at Work
The projects are set to leverage FTC Solar's cutting-edge Pioneer 1P trackers, alongside the SunPath performance-enhancing software. This technology is designed to maximize energy yield by optimizing the orientation of solar panels based on terrain and diffused light conditions.
Leadership Perspectives
Fernando Queiroz, CEO of Levona Renewables, expressed enthusiasm over the collaboration, stating that FTC Solar has already added significant value to their projects. He highlighted the partnership's ability to optimize site layout and energy yield while minimizing civil costs, showcasing FTC's commitment to providing not just products, but exceptional support and expertise throughout the project's lifecycle.
FTC Solar's Commitment to Innovation
Yann Brant, CEO of FTC Solar, echoed the sentiment, expressing pride in being selected as Levona's partner for this groundbreaking initiative. He emphasized FTC Solar’s robust product offerings and the dedication of their team to support customers in optimizing individual project sites. The collaboration signals FTC Solar’s ongoing mission to lead in innovation within the solar industry by providing high-efficiency solar tracking solutions.
About FTC Solar Inc.
FTC Solar was founded in 2017 by seasoned veterans in the renewable energy sphere. The company specializes in offering solar tracker systems, technology, software, and engineering services tailored to maximize energy production at solar installations. FTC’s innovative tracker designs yield significant performance enhancements and cost advantages for installations across various terrains.
About Levona Renewables
Levona Renewables, a notable consulting and engineering firm, is committed to driving the global energy transition. HQ’d in Plano, Texas, with a branch in Brazil, Levona is known for delivering transformative clean energy projects. The company’s flagship development includes a sprawling 1.6GW solar installation on the aforementioned 27,000-acre site that emphasizes sustainability and innovation.
FTC Solar Contact:
For more information, contact Bill Michalek, Vice President of Investor Relations at FTC Solar. You can reach him at (737) 241-8618 or via email at IR@FTCSolar.com.
Frequently Asked Questions
What is the purpose of the FTC Solar and Levona Renewables agreement?
The agreement is to supply solar trackers and software for one gigawatt of solar projects, marking a significant collaboration in renewable energy.
When will the construction of the first project start?
Construction of the CT Solar One project is set to begin in early 2026.
What technologies will be utilized in these solar projects?
The projects will use FTC Solar's Pioneer 1P trackers and SunPath software to enhance energy yield.
Who are the key executives involved in this partnership?
Fernando Queiroz is the CEO of Levona Renewables, while Yann Brant serves as the CEO of FTC Solar.
What is the significance of this partnership in the solar industry?
This collaboration demonstrates a commitment to innovation and efficiency in solar energy production, setting a benchmark for future projects.
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