Wedoany.com Report on Mar 16th, US solar tracker manufacturer FTC Solar and solar PV and energy storage developer Strata Clean Energy recently signed a 1GW supply agreement, deepening the relationship established between the two parties in September 2024. According to the revised agreement, FTC Solar will continue to provide tracker systems for Strata Clean Energy at multiple project sites across the US, extending the partnership by five years. The first project is expected to commence in the second half of 2027.

Previously, the two companies had signed an agreement to supply approximately 500MW of FTC Voyager 2P solar tracker systems, with FTC Solar designated as Strata Clean Energy's preferred 2P tracker supplier for the initial three-year period. With the majority of the original agreement's projects completed ahead of schedule, the new agreement adds an additional 1GW of tracker supply to support future project expansion.

Yann Brandt, President and CEO of FTC Solar, stated: "As we complete the first 500MW 2P project with Strata, we are thrilled to be selected once again to partner with them on an additional 1GW of future projects." Under the initial agreement, Strata Clean Energy plans to deploy various FTC Solar tracker technologies, combined with the SunPath software platform, to optimize system performance and energy output.

In addition to the partnership with US-based Strata Clean Energy, FTC Solar recently signed a three-year supply agreement with South African solar procurement company Lubanzi Inala. This agreement will provide approximately 840MW of combined 1P and 2P tracker technology for multiple utility-scale projects in South Africa, with the first project scheduled to begin in mid-2026. These agreements reflect FTC Solar's active positioning in the global solar tracker market.

On the industry front, FTC Solar acquired the remaining 55% stake in steel manufacturer Alpha Steel for nearly $2.7 million last year. Similar to other US tracker manufacturers like Nextpower and GameChange Energy, FTC Solar is expanding its ownership and product supply through acquisitions of related companies, reflecting a trend of consolidation in the balance of system business for solar.