FTC Solar Inc., a leading provider of solar tracker systems, software, and engineering services, has entered into a multi-year, 1-GW tracker supply agreement with Cat Creek Energy LLC. This collaboration aims to provide the PV solar component for Cat Creek’s ambitious multi-technology renewable energy and water storage project in southwest Idaho. The partnership seeks to contribute to the reduction of carbon emissions and support the long-term renewable energy goals of both companies involved.

Cat Creek Energy LLC, a renowned renewable energy independent power producer, has undertaken the development of a groundbreaking renewable energy and water storage project in southwest Idaho. With an investment value of $1.5 billion, the project encompasses the construction of solar and battery infrastructure aimed at fulfilling a recent agreement with Bayer, a global enterprise specializing in life sciences.

Starting in the fall of 2023, FTC Solar will play a crucial role in providing solar tracker equipment and services for the extensive solar and battery infrastructure being built by Cat Creek Energy. The project is aligned with Bayer’s long-term structured renewable energy credit purchase agreement with Cat Creek Energy, wherein 1,400 GWh of energy will be supplied annually. This notable agreement positions itself as one of the largest long-term corporate renewable energy commitments in the United States.

With plans set in motion, the delivery of solar tracker equipment to support the projects is expected to commence in late 2023 and conclude by the end of 2025. This critical timeline highlights the dedication of both FTC Solar and Cat Creek Energy towards fulfilling their mutual renewable energy objectives and contributing to a sustainable future.

The alliance between FTC Solar and Cat Creek Energy in their efforts to supply 1-GW of solar trackers to the Cat Creek project reflects a significant step towards achieving greater sustainability. As the companies work hand in hand to reduce carbon emissions and develop large-scale renewable energy systems, this collaboration serves as a testament to the potential of solar energy to provide clean, efficient, and environmentally-friendly power solutions. By harnessing the power of the sun and combining it with cutting-edge technologies, these advancements pave the way for a brighter and more sustainable future.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.