FTC Solar Announces Waiver and Amendment to Credit Agreement

(NASDAQ:FTCI) FTC Solar, Inc. announced that it has entered into an amended credit agreement with its lenders. The amendment relates primarily to the principal prepayment terms of the credit agreement. The amendment also addresses the financial covenants that would have applied during the remainder of 2026. The company described itself as a leading provider of solar tracker systems, software, and engineering services. The announcement was made on October 5, 2026. No specific counterparties or lender names were disclosed in the announcement. The amended agreement is focused on modifying the terms for principal prepayment. The amendment also modifies the financial covenants for the rest of 2026. No financial figures, principal amounts, or interest rates were disclosed in the announcement. The company did not disclose any changes to other terms of the credit agreement. No executive names or direct quotes were included in the announcement. The announcement did not specify whether the amendment is subject to any regulatory or lender approvals. No additional operational or financial updates were provided in this release.

Linxon, Hitachi Energy and FTC Solar Announce Strategic Collaboration to Accelerate Utility-Scale Renewable Energy and Grid Infrastructure Development

(NASDAQ:FTCI) FTC Solar, Linxon, and Hitachi Energy have signed a Memorandum of Understanding (MoU) to establish a strategic collaboration framework for jointly pursuing and delivering utility-scale solar and battery energy storage system (BESS) projects across North America and other mutually agreed markets. The collaboration aims to address the challenges of scaling renewable energy infrastructure, strengthening grid resilience, and delivering reliable, affordable, and sustainable power by aligning technology, manufacturing, and execution expertise. Under the framework, Linxon will act as the primary EPC integrator and market-facing contractor, providing engineering, procurement, construction, commissioning, and project execution services. Hitachi Energy will supply utility-scale solar inverters, power conversion systems for BESS, and automation and control systems for plant operations. FTC Solar will provide solar trackers, racking systems, and related balance-of-system solutions. The three companies intend to create a standardized and repeatable delivery model to accelerate project development, reduce delivery risk, and enhance certainty throughout the project lifecycle. Strategic benefits for customers include faster project development and delivery, improved supply chain certainty, greater standardization across solar, BESS, and substation designs, reduced integration risks, improved project bankability and schedule predictability, enhanced scalability for multi-site deployments, increased reliability, and a streamlined interface for project owners. Stefan Reisacher, CEO of Linxon, stated that the collaboration addresses execution capacity, supply chain availability, and the industry's ability to scale, creating an ecosystem for faster, lower-risk, and more predictable large-scale renewable energy projects. Massimo Danieli, CEO Grid Automation at Hitachi Energy, commented that the agreement aligns technology innovation, manufacturing capability, grid integration expertise, and project execution to accelerate renewable energy deployment and support reliable, secure, and sustainable power systems. Anthony Caroll, CEO of FTC Solar, added that the collaboration enhances scalability, constructability, and long-term performance for utility-scale renewable projects. The collaboration will focus on utility-scale solar and BESS plants, supporting a growing pipeline of projects where integrated technology selection, early supply chain alignment, and standardized EPC execution can provide measurable advantages. Hitachi Energy is headquartered in Switzerland, employs over 56,000 people in 60 countries, and generates revenues of around $20 billion USD. Hitachi, Ltd. reported revenues for FY2025 (ended March 31, 2026) of 10,586.7 billion yen, with 606 consolidated subsidiaries and approximately 290,000 employees worldwide. FTC Solar, founded in 2017, is a leading provider of solar tracker systems, technology, software, and engineering services.

FTC Solar to Begin Deliveries on 80+MW Sybella Project in Australia

(NASDAQ:FTCI) FTC Solar, Inc. announced that it has received notice to begin production for the Sybella Creek Solar Farm in Queensland, Australia. First deliveries for the project are approved to commence at the end of 2026 and continue into early 2027. The Sybella Creek Solar Farm is an 82-megawatt hybrid solar and battery storage project located in Mount Isa, Queensland, Australia. FTC Solar’s Voyager 2P tracker technology will be used in the construction of the project. The project is expected to support growth and improve energy security in Mount Isa. Anthony Carroll, CEO of FTC Solar, stated that the company is pleased to continue supporting customers with this follow-on project and to build on its momentum in Australia. He emphasized the company's focus on delivering solutions that improve project efficiency, simplify installation, and reduce costs. Tracker production for the Sybella Creek project is currently underway. Deliveries are scheduled for the end of 2026 into early 2027. The aggregate value of the Sybella Creek project was included in FTC Solar’s backlog disclosed on August 5, 2026. FTC Solar was founded in 2017 by renewable energy industry veterans. The company provides solar tracker systems, technology, software, and engineering services. FTC Solar’s tracker designs are described as providing compelling performance and reliability, with an industry-leading installation cost-per-watt advantage.