Skip to main content

Array Technologies Leads Solar Tracker Industry with Highest US Domestic Content Sourcing

ALBUQUERQUE, N.M., Aug. 28, 2023 (GLOBE NEWSWIRE) — Array Technologies (NASDAQ: ARRY), a leading provider of utility-scale solar tracker solutions, is the front-runner in domestic content sourcing, capable of achieving in excess of 85% of content from U.S. suppliers at scale—an unparalleled benchmark in the solar industry.

Array’s dedication to domestic manufacturing is evidenced by its collaborations with long-standing U.S. manufacturers, bolstering its domestic content offerings. Partnering with U.S. manufacturers that have a proven track record with Array not only assures timely delivery but also minimizes potential quality risks, thus lowering risk for its valued customers.

“Array has always placed significant emphasis on local sourcing. Our flexibility in supply chain management allows us to adapt, catering to projects with U.S. material content exceeding 85%,” stated Kevin Hostetler, CEO of Array. “Our history stands as a testament to our commitment. We have been prioritizing U.S. materials for our projects long before it became part of the Inflation Reduction Act (IRA).”

“Our U.S. manufacturing is a well-established benefit of sourcing utility-scale solar trackers with Array,” said Neil Manning, chief operations officer of Array. “Our focus on domestic content not only boosts local industries but also ensures our customers receive the highest quality, timely products for their renewable energy projects.”

Array can achieve the largest capacity of domestic content available to the market, which directly positions Array customers to maximize their IRA benefits. Array’s commitment to domestic sourcing and unyielding drive for quality and reliability positions it at the forefront of the renewable energy revolution in the U.S., where it serves as a champion of a brighter, more sustainable future for all.

About Array Technologies
Array Technologies is a leading American company and global provider of utility-scale solar tracker technology. Engineered to withstand the harshest conditions on the planet, Array’s high-quality solar trackers and sophisticated software maximize energy production, accelerating the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, Array relies on its diversified global supply chain and customer-centric approach to deliver, commission and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy. For more news and information on Array, please visit arraytechinc.com.

Forward Looking Statements
This press release contains forward-looking statements and is based on Array’s current interpretation of the May 2023 Domestic Content Guidance. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating there to. 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. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors.

Media Contact: 
Steve Brecken
H+K Strategies
832-285-4620
Steve.Brecken@hkstrategies.com

Investor Relations Contact:
Array Technologies, Inc.
Investor Relations
505-437-0010
investors@arraytechinc.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.