The investment will also expand Array Technologies’ US manufacturing footprint with additional aluminium extrusion capacity. EAC manufactures multiple recyclable extrusion products that contain recycled aluminium within their extrusions, including structural fastening clamps, used in the manufacture of solar panels.
“This strategic alliance not only elevates the dependability of our supply chain but also offers our customers a reduced risk profile. By focusing on proven US manufacturers like EAC, we can enhance on-time delivery and exceptional quality, supporting our clients in meeting stringent Inflation Reduction Act (IRA) requirements,” said Kevin Hostetler, CEO of Array Technologies, of the EAC deal.
In a separate deal, Array Technologies signed a long-term agreement with steel producer Steel Dynamics to secure a fixed supply of coil for its projects in the US.
As a result of this deal, more than 85% of Array Technologies’ component portfolio can now be sourced from the US, making it easier for customers to meet domestic content requirements in the IRA Steel Dynamics sources the coil from its flat roll steel mills located in Indiana, Mississippi, and Texas.
“Array’s collaboration with Steel Dynamics is a powerful affirmation of our dedication to a robust and flexible domestic supply chain,” added Hostetler.
| Our publisher Solar Media is hosting the 10th Solar and Storage Finance USA conference, 7-8 November 2023 at the New Yorker Hotel, New York. Topics ranging from the Inflation Reduction Act to optimising asset revenues, the financing landscape in 2023 and much more will be discussed. See the official site for more details. |
