FTC Solar, Inc (FTCI) Announces 1GW Tracker Agreement with Levona Renewables

FTC Solar, Inc. (Nasdaq: FTCI) (“FTC Solar”), a leading provider of solar tracker systems, and Levona Renewables, (“Levona”) announced today that FTC will be supplying trackers and software for one gigawatt of solar projects for Levona beginning in early 2026.

The first project expected under the agreement, CT Solar One, is a 140-megawatt utility-scale solar facility under development in Snyder, Texas. The project is being built on 478 acres within a 27,000-acre site, and is slated for construction start in early 2026. This project will be followed by CT Solar Two and CT Solar Three, which together will add another approximately 650 megawatts to the overall site development. The projects will utilize FTC Solar’s innovative Pioneer 1P trackers combined with its SunPath performance-enhancing software to capture additional energy yield through optimized terrain-based backtracking and diffuse light optimization.

“FTC Solar has performed like an extension of our team, adding significant value to our development even before delivering a single product to site,” commented Fernando Queiroz, Chief Executive Officer of Levona Renewables. “Leveraging their development backgrounds and tracker expertise, the FTC team has found multiple ways to optimize our site, including for location, layout, row efficiency, and energy yield, while avoiding civil costs. With an easily constructible tracker and a team willing to go above and beyond and support us with everything from engineering support to safe harbor strategy, we found FTC Solar to be the best partner for us on these projects.”

Yann Brant, CEO of FTC Solar added, “We’re very pleased to be selected by Levona to support this landmark development. At FTC Solar, we now have the most robust product offering in our history to support customers, from high-wind, terrain-following, and the largest range of stow in the industry, to performance and yield-enhancing software and attentive customer service. We look forward to supporting Levona and all of our customers in optimizing each individual project site for years to come.”

You May Also Be Interested In

• After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
• Spirit Blockchain Capital Inc. Announces Shares for Services Issuance and Provides Technology Commercialization Update
• Evernorth's SEC filing clears path for Nasdaq listing via SPAC deal