FTC Solar, Inc. (NASDAQ: FTCI) shares tried unsuccessfully to find some traction early Wednesday. The company, a leading provider of solar tracker systems, and Sandhills Energy announced today that FTC will be supplying its innovative 1P Pioneer trackers for 1 gigawatt of projects over three sites.
The projects include a 448-megawatt project in Burt County, Nebraska, a 320-megawatt project in Cass County, Nebraska, both about 50 miles outside of Omaha, and the previously announced 225-megawatt project in Butler County, Nebraska.
“We’re pleased to have selected FTC Solar for these key projects, based on their innovative and differentiated 1P tracker technology and strong support of our objectives,” said Eric Johnson, President of Sandhills Energy. “The high-density design is a major benefit for our projects. These three projects are expected to be among the largest to be built in Nebraska, supporting the growth of renewables in our home state. FTC has proven to be a very strong partner for us.”
FTC CEO Yann Brandt commented, “We’re looking forward to supporting these projects with our Pioneer 1P tracker and continuing to grow our relationship with Sandhills Energy. Market interest in Pioneer continues to grow, driven by key features such as its fast assembly time, high energy density, reduced pile count, and shorter embedment depth.”
FTCI shares closed Tuesday at 63 cents.
