FTC Solar to Supply Approximately 1GW of Projects for Sandhills Energy
October 23 2024 - 8:02AM
FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar
tracker systems, and Sandhills Energy (“Sandhills”) 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.”
Yann Brandt, FTC Solar’s President and CEO,
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.”
Tracker delivery in support of these projects is
expected to begin in the third quarter of 2025 and continue into
the fourth quarter of 2026.
The aggregate value of these projects was included in the
contracted portion of the backlog disclosed on August 8,
2024.
About FTC Solar Inc. Founded in
2017 by a group of renewable energy industry veterans, FTC Solar is
a leading provider of solar tracker systems, technology, software,
and engineering services. Solar trackers significantly increase
energy production at solar power installations by dynamically
optimizing solar panel orientation to the sun. FTC Solar’s
innovative tracker designs provide compelling performance and
reliability, with an industry-leading installation cost-per-watt
advantage.
Sandhills Energy, LLCSandhills Energy is a
renewable energy development company based in Nebraska and Iowa.
Founded in 2012, the company has extensive commercial, municipal
and utility generation experience from project identification
through development, engineering, construction, and operations.
Sandhills Energy is rapidly expanding its presence across the
Midwest and beyond to support its multi-gigawatt renewables
development pipeline.
FTC Solar Investor Contact:Bill
Michalek Vice President, Investor Relations FTC SolarT:
(737) 241-8618E: IR@FTCSolar.com
Sandhills Energy Contact:Raphael
MartinezDirector, Business RelationsSandhills EnergyT: (219)
895-1028E: rmartinez@sandhillsenergy.com
Forward-Looking StatementsThis
press release contains forward looking statements. These statements
are not historical facts but rather are based on our current
expectations and projections regarding our business, operations and
other factors relating thereto. Words such as “may,” “will,”
“could,” “would,” “should,” “anticipate,” “predict,” “potential,”
“continue,” “expects,” “intends,” “plans,” “projects,” “believes,”
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forward-looking statements. These statements are only predictions
and as such are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to
predict. In addition, this press release contains statements
about third parties and their commercial activity. We have
not independently verified or confirmed such statements and have
instead relied on the veracity of information as provided to us by
such third parties related to such statements. You should not
rely on our forward-looking statements or statements related to
third parties or their commercial activities as predictions of
future events, as actual results may differ materially from those
in the forward-looking statements or statements related to third
parties or their commercial activities because of several factors,
including those described in more detail above and in our filings
with the U.S. Securities and Exchange Commission, including the
section entitled “Risk Factors” contained therein. FTC Solar
undertakes no duty or obligation to update any forward-looking
statements or statements related to third parties or their
commercial activities contained in this release as a result of new
information, future events or changes in its expectations, except
as required by law.
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