FTC Solar, Inc. (NASDAQ: FTCI), has announced that it has been selected by Primoris Renewable Energy to supply at least 500 megawatts of its solar tracker technology for multiple project sites in the U.S. Primoris is expected to utilize FTC Solar’s new and differentiated Pioneer 1P tracker technology on multiple projects to optimize performance while reducing capital and labor costs.

Designed for ease of construction, Pioneer boasts a significantly reduced pile count relative to competing solutions, reduced pile embedment depth enabled by a zero-degree stow, as well as fast assembly, with proprietary fast-module hang technology and fewer fasteners. Pioneer also accommodates a 17.5% slope along with a shorter row length to enable more than a 5% greater energy output for a given parcel of land.

Patrick Cook, Chief Commercial Officer stated: “By selecting Pioneer, Primoris is receiving a truly differentiated 1P tracker that achieves a full 18%-36% pile count reduction per megawatt vs. other leading trackers, along with a high-density design, resulting in reduced labor and materials cost and greater energy output.”

Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is headquartered in Austin, Texas, and maintains a sales and support presence in the Middle East, Asia, Europe, Australia, India, and Africa. FTC Solar’s innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage.

Shares of FTC Solar trade on the NASDAQ under the ticker symbol FTCI.