FTC Solar Announces 1GW Tracker Agreement with Levona Renewables
Rhea-AI Summary
FTC Solar (Nasdaq: FTCI) has secured a significant 1 gigawatt tracker supply agreement with Levona Renewables for solar projects starting in early 2026. The first project, CT Solar One, is a 140-megawatt facility in Snyder, Texas, spanning 478 acres. This will be followed by CT Solar Two and CT Solar Three, adding approximately 650 megawatts to the development.
The projects will implement FTC Solar's Pioneer 1P trackers and SunPath software for enhanced energy yield through terrain-based backtracking and diffuse light optimization. The partnership highlights FTC Solar's comprehensive support, including engineering assistance and safe harbor strategy.
Positive
- Secured major 1GW tracker supply agreement for multiple solar projects
- First project CT Solar One represents 140MW with two additional projects totaling 650MW in pipeline
- Partnership includes both hardware (Pioneer 1P trackers) and software (SunPath) solutions
- Comprehensive support offering including engineering and safe harbor strategy
Negative
- None.
News Market Reaction 10 Alerts
On the day this news was published, FTCI gained 5.76%, reflecting a notable positive market reaction. Argus tracked a peak move of +13.7% during that session. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $6M to the company's valuation, bringing the market cap to $105M at that time.
Data tracked by StockTitan Argus on the day of publication.
AUSTIN, Texas, Aug. 26, 2025 (GLOBE NEWSWIRE) -- 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.”
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.
About Levona Renewables
Levona Renewables is a pioneering consulting and engineering firm, driving the global energy transition. With headquarters in Plano, Texas, and a branch in Belo Horizonte, Brazil, Levona delivers clean energy projects. The company’s flagship development is a 1.6GW site on 27,000 acres in Snyder, Texas. Clean energy, innovation and global impact start with Levona.
FTC Solar Contact:
Bill Michalek
Vice President, Investor Relations
FTC Solar
T: (737) 241-8618
E: IR@FTCSolar.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 size of FTC Solar's new agreement with Levona Renewables?
Where will the first FTC Solar-Levona project be located?
What technology will FTC Solar (FTCI) provide for the Levona projects?
How many additional megawatts will CT Solar Two and Three add to the development?
When will construction begin on the first Levona-FTC Solar project?
