Array Technologies Signs Supply Agreement with Nucor Corporation
May 11 2021 - 3:02PM
Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s
largest manufacturers of ground-mounted systems used in solar
energy projects, today announced that Nucor Corporation (“Nucor”)
has entered into an agreement with the company to produce certain
components of its solar tracking system, as well as support the
co-development of future components for Array’s next generation of
products.
“As the largest recycler of steel in the U.S., Nucor is an ideal
partner for Array. Nucor’s longstanding commitment to recycling as
well as their efforts to source a portion of the power they use in
their production process from renewable generation is consistent
with Array’s corporate mission and values. As Array invests in
innovation and develops technologies that will decrease
installation time and bring down levelized cost of energy for our
customers, we are proud to say that our products will be made with
sustainably sourced materials,” said Jim Fusaro, Chief Executive
Officer of Array Technologies.
Under the agreement, Nucor will supply Array with torque tubes
and rolled steel for Array’s production of clamps, foundations and
brackets, and other components.
Nucor processes approximately 20 million tons of scrap metal
annually to produce new steel that is 100% recyclable at the end of
its useful life. The company is also making the steel production
process cleaner by investing in solar and other renewable energy
sources. Last year, Nucor was the 7th largest corporate buyer of
renewable energy in the U.S.
“We are honored to partner with the leading tracker company in
the U.S., and we are excited about the role we can play supplying
the sustainable steel needed for the energy transition,” said Dave
Sumoski, Chief Operating Officer of Nucor Corporation. “Both Nucor
and Array recognize that the transition to a clean energy future
begins at home, and we’re honored to be both a supplier and a
customer for the U.S. solar energy industry.”
About Array Technologies, Inc.Array
Technologies (NASDAQ: ARRY) is a leading global technology company
providing tracker solutions and services for utility-scale solar
energy projects as one of the world's largest manufacturers of
ground-mounted systems. With efficient installation and terrain
flexibility coupled with high reliability, durability, and
performance, Array delivers a lower levelized cost of energy. The
Company's focus on innovation, combined with its customer-centric
approach, has helped achieve some of the industry's best returns.
Array Technologies is headquartered in the United States with
offices in Europe, Central America, and Australia. Contact us at
arraytechinc.com or view our LinkedIn page.
About NucorNucor and its affiliates are
manufacturers of steel and steel products, with operating
facilities in the United States, Canada and Mexico. Products
produced include: carbon and alloy steel -- in bars, beams, sheet
and plate; hollow structural section tubing; electrical conduit;
steel piling; steel joists and joist girders; steel deck;
fabricated concrete reinforcing steel; cold finished steel;
precision castings; steel fasteners; metal building systems; steel
grating; and wire and wire mesh. Nucor, through The David J. Joseph
Company, also brokers ferrous and nonferrous metals, pig iron and
hot briquetted iron / direct reduced iron; supplies ferro-alloys;
and processes ferrous and nonferrous scrap. Nucor is North
America's largest recycler.
Forward Looking StatementsThis press release
contains forward looking statements. 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 thereto. 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:James
McCusker203-585-4750jmccusker@soleburytrout.com
Investor Relations
Contact:505-437-0010investors@arraytechinc.com
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