FTC Solar to Supply Approximately 1GW of Projects for Sandhills Energy
FTC Solar announced it will supply its 1P Pioneer trackers for three Sandhills Energy projects totaling 1 gigawatt in Nebraska. The projects include a 448-megawatt facility in Burt County, a 320-megawatt project in Cass County, and a 225-megawatt project in Butler County. The high-density design trackers feature fast assembly time, high energy density, reduced pile count, and shorter embedment depth. Delivery is scheduled to begin in Q3 2025 and continue through Q4 2026. The projects' value was previously included in the company's contracted backlog disclosed on August 8, 2024.
FTC Solar ha annunciato che fornirà i suoi tracker 1P Pioneer per tre progetti di Sandhills Energy che complessivamente raggiungono 1 gigawatt in Nebraska. I progetti includono una struttura da 448 megawatt nella contea di Burt, un progetto da 320 megawatt nella contea di Cass e un progetto da 225 megawatt nella contea di Butler. I tracker ad alta densità presentano un rapido tempo di assemblaggio, alta densità energetica, ridotto numero di pali e profondità di interramento più corta. La consegna è prevista per iniziare nel terzo trimestre del 2025 e proseguire fino al quarto trimestre del 2026. Il valore dei progetti era già stato incluso nel portafoglio contrattuale dell'azienda rivelato l'8 agosto 2024.
FTC Solar anunció que suministrará sus seguidores 1P Pioneer para tres proyectos de Sandhills Energy que totalizan 1 gigavatio en Nebraska. Los proyectos incluyen una instalación de 448 megavatios en el condado de Burt, un proyecto de 320 megavatios en el condado de Cass y un proyecto de 225 megavatios en el condado de Butler. Los seguidores de diseño de alta densidad cuentan con un rápido tiempo de ensamblaje, alta densidad de energía, menor cantidad de pilotes y menor profundidad de inserción. La entrega está programada para comenzar en el tercer trimestre de 2025 y continuar hasta el cuarto trimestre de 2026. El valor de los proyectos ya se había incluido en el backlog contratado de la empresa divulgado el 8 de agosto de 2024.
FTC Solar는 네브래스카에서 1기가와트에 해당하는 세 개의 Sandhills Energy 프로젝트에 1P Pioneer 트래커를 공급할 것이라고 발표했습니다. 이 프로젝트에는 Burt 카운티에 448메가와트 시설, Cass 카운티에 320메가와트 프로젝트, Butler 카운티에 225메가와트 프로젝트가 포함됩니다. 고밀도 디자인 트래커는 빠른 조립 시간, 높은 에너지 밀도, 적은 파일 수, 짧은 매립 깊이가 특징입니다. 배송은 2025년 3분기에 시작되어 2026년 4분기까지 계속될 예정입니다. 프로젝트의 가치는 2024년 8월 8일 공개된 회사의 계약 백로그에 포함되어 있었습니다.
FTC Solar a annoncé qu'elle fournira ses suiveurs 1P Pioneer pour trois projets de Sandhills Energy totalisant 1 gigawatt dans le Nebraska. Les projets comprennent une installation de 448 mégawatts dans le comté de Burt, un projet de 320 mégawatts dans le comté de Cass et un projet de 225 mégawatts dans le comté de Butler. Les suiveurs à haute densité disposent d'un temps d'assemblage rapide, d'une densité énergétique élevée, d'un nombre réduit de pieux et d'une profondeur d'implantation plus courte. La livraison est prévue pour commencer au troisième trimestre de 2025 et se poursuivre jusqu'au quatrième trimestre de 2026. La valeur des projets avait déjà été incluse dans le carnet de commandes de l'entreprise divisé le 8 août 2024.
FTC Solar hat angekündigt, seine 1P Pioneer Tracker für drei Projekte von Sandhills Energy mit einer Gesamtleistung von 1 Gigawatt in Nebraska zu liefern. Die Projekte umfassen eine Anlage mit 448 Megawatt im Burt County, ein 320 Megawatt Projekt im Cass County und ein 225 Megawatt Projekt im Butler County. Die Hochdichte-Tracker zeichnen sich durch eine schnelle Montagezeit, hohe Energiedichte, reduzierte Pfahlanzahl und geringere Einbettungstiefe aus. Die Lieferung soll im 3. Quartal 2025 beginnen und bis zum 4. Quartal 2026 fortgesetzt werden. Der Wert der Projekte war bereits im am 8. August 2024 bekannt gegebenen Auftragsbestand des Unternehmens enthalten.
- Secured large-scale 1GW contract for three major solar projects
- Projects represent significant presence in Nebraska market
- Deliveries scheduled through Q4 2026 providing revenue visibility
- Revenue impact already included in previously disclosed backlog
- Project deliveries won't start until Q3 2025, indicating delayed revenue recognition
Insights
This significant 1GW solar project deal marks a substantial win for FTC Solar, strengthening their market position in utility-scale solar installations. The three-site Nebraska deployment represents one of the largest solar installations in the state, with delivery spanning Q3 2025 through Q4 2026.
The Pioneer 1P tracker technology's key advantages in assembly efficiency and energy density position FTC Solar competitively in the growing utility-scale solar market. The project's timing aligns with increasing renewable energy adoption in the Midwest, potentially serving as a catalyst for similar large-scale developments.
While the specific contract value isn't disclosed, projects of this scale typically generate
AUSTIN, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- 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, LLC
Sandhills 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 Solar
T: (737) 241-8618
E: IR@FTCSolar.com
Sandhills Energy Contact:
Raphael Martinez
Director, Business Relations
Sandhills Energy
T: (219) 895-1028
E: rmartinez@sandhillsenergy.com
Forward-Looking Statements
This 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,” “estimates” and similar expressions are used to identify these 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.
FAQ
What is the total capacity of FTC Solar's new projects with Sandhills Energy?
When will FTC Solar begin delivering trackers for the Sandhills Energy projects?
What are the locations and sizes of the three Sandhills Energy projects?
