FTC Solar jumps after signing MoU with Linxon, Hitachi Energy
FTCI•FTC Solar, Linxon and Hitachi Energy signed a memorandum of understanding to jointly pursue and deliver utility-scale solar and battery storage projects. FTC Solar shares rose 12.4%.
1. Project collaboration
The memorandum establishes a framework for the companies to pursue and deliver utility-scale solar and battery energy storage projects across North America and other mutually agreed markets. Linxon will serve as the primary engineering, procurement and construction integrator and market-facing contractor; Hitachi Energy will provide inverters, battery storage power conversion systems and plant automation and control systems; FTC Solar will provide trackers, racking and related balance-of-system solutions.
