2023 was a year of tremendous growth for ARRAY and receiving this recognition for the second year in a row is a testament to the dedication of our entire team towards our mission of generating energy with integrity for a sustainable world. ARRAY has grown in step with the global shift towards renewable energy while keeping people and purpose as our focus. Starting at home in Albuquerque, our mission is at the center of our entire business strategy and this award reaffirms our efforts are making a meaningful impact on the environment and society.

At ARRAY, sustainability is not just a goal; it is a guiding principle woven into the fabric of our organization. From our strategic decisions to our day-to-day operations, we are committed to minimizing our environmental footprint and maximizing our positive contributions to the communities we serve so we can do the most good.

Winning this award again serves as both validation and motivation for us to continue pushing boundaries and setting new standards of excellence in corporate responsibility. We remain steadfast in our commitment to transparency, continuous improvement, and accountability.

I extend our sincere thanks to Newsweek and Statista for this prestigious recognition, and I express gratitude to all of our stakeholders for their ongoing support. Together, let us forge ahead on our journey towards a more sustainable future.

This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The final list recognizes the top 600 most responsible companies in the United States, spanning 14 industries.

The post ARRAY Technologies Celebrates Second Consecutive Win as One of America’s Most Responsible Companies appeared first on ARRAY Technologies.

Evolution in the Face of Global Challenges

Going public added new dimensions to our business management, especially while navigating global challenges, including:

• Supply chain shortages,
• Interest rate fluctuations,
• Commodity price volatility, and
• Tariffs.

These challenges did not hinder us. They made us more robust and adaptive and equipped ARRAY to thrive in an ever-changing market.

Expanding Profile and Market Reach

This isn’t just a three-year story—it’s the latest chapter in our ongoing, 30-year narrative of leading the renewable energy sector.

Our bold move to go public in 2020 enabled us to harness capital and venture into lucrative endeavors, like our acquisition of STI Norland, a European solar tracker manufacturing pioneer, in January 2022. That integration marked a significant milestone in expanding our global footprint. With funds raised, we could enter into other thriving markets as well, like Brazil, which further cemented our presence in South and Central America.

Since 2020, ARRAY has facilitated the broadening of our product range, introducing innovations like ARRAY OmniTrack and ARRAY STI H250 to the market. Today, our line of solar trackers and technology solutions address varying customer needs and the changing landscaping of the utility-scale solar industry while adhering to strict regulatory requirements, like those in the U.S.’s Inflation Reduction Act. With these new product introductions, ARRAY continues to deliver reliability, ease of installation, and extreme weather risk mitigation that provide optimal project returns.

Additionally, ARRAY has continued to innovate on our industry leading software, ARRAY SmarTrack. Our suite of software solutions is designed to address specific challenges facing utility-scale solar projects. The suite includes specialized products like ARRAY SmarTrack Backtracking, ARRAY SmarTrack Diffuse, ARRAY SmarTrack Automated Snow Response, and ARRAY SmarTrack Automated Hail Response.

These advancements represent a paradigm shift in how solar energy projects can be managed and optimized. For instance, our Automated Hail Response feature is designed to protect solar investments from the increasing frequency of severe weather events, a timely innovation considering NOAA’s National Weather Service Storm Prediction Center Annual Severe Weather Report Summary reported over 4,400 hail events in 2022.

Going public has not only strengthened our financial position but also increased our visibility in a meaningful way. This heightened profile has attracted a diverse group of investors and provided us with the opportunity to educate a broader audience. Now, more people than ever understand the essential role that solar trackers play in the renewable energy ecosystem, which has further expanded our market reach.

Furthermore, our commitment to domestic sourcing isn’t a trend—it’s a 30-year philosophy that has real economic and environmental payoffs. By focusing on shortening supply chains within the market and curbing the shipping of goods, we emphasize the economic and environmental advantages of domestic sourcing.

Our steady growth, robust balance sheet, and expansive market reach have led us to forge valuable partnerships with industry giants like Nucor, EAC, Steel Dynamics, and Lock Joint Tube. These collaborations not only extend our capabilities but also optimize capital allocation and ensure that our shareholders reap the maximum benefits. Importantly, our alliance with U.S.-based suppliers is part of a longstanding commitment, not a response to recent trends. ARRAY has long prioritized having some of the highest U.S. content in our industry, demonstrating our dedication to domestic manufacturing and sustainable, quality sourcing for our solar tracker technology and software.

Looking Ahead – A Foundation for the Future

ARRAY’s IPO was not a starting line but rather a springboard that leverages our more than three decades of experience. The resulting heightened accountability to our investors helped refine our risk management strategies for both short- and long-term goals, making ARRAY agile and ready to pivot as the market demands.

With a tried and tested business model at our core, we’re primed to cater to the surging demand in solar markets around the globe, including–the U.S., Europe, Latin America, and Australia. Moreover, our sights are set on new and burgeoning markets, which hold immense potential for the future.

In essence, ARRAY’s journey post-IPO stands as a testament to our commitment, resilience, and vision. As we celebrate this significant milestone, our focus isn’t solely on our past milestones. We’re also setting our sights on the future, fully committed and ready for the numerous opportunities and challenges that lie ahead. ARRAY will be here, continuing to innovate and lead the solar energy industry.

The post ARRAY Celebrates 3rd IPO Anniversary: A Journey of Innovation and Global Expansion appeared first on ARRAY Technologies.

Not only was 2022 a busy and eventful year for ARRAY, it was a momentous time for the industry as a whole. So, I’d like to share some of my favorite highlights, and a sneak peek at what’s in store for ARRAY in 2023!

Recognizing Those Who Makes ARRAY Shine Every Day

My first 2022 highlight has to be getting to know all the amazing ARRAY team members around the globe. There are more than 1,300 dedicated professionals working hard every day to serve our clients and advance our bold vision for the future of clean energy.

From the machine operators and quality technicians at our manufacturing sites in New Mexico, U.S.A., São Paulo, Brazil, and Badajoz, Spain to our engineers, order fulfillment specialists, and service teams in our regional offices around worldwide, thank you.

I am sincerely grateful to all of you and your commitment to changing the trajectory of climate change, and I’m proud of what we’ve accomplished in 2022.

Check Out Open Positions at ARRAY

We Took a Good, Long Look at Ourselves

The year of 2022 began with the exciting completion of the acquisition of STI Norland in January, but with all the potential combining our companies offered, we couldn’t simply fold STI Norland into ARRAY and move on with business as usual. We don’t want to just be a global leader in the solar tracker industry, we want to be a leader in the renewable energy industry with a rich heritage, strong global presence, diverse product line, and a passion for serving customers, employees, investors, and the planet.

So, from the moment I started as ARRAY’s CEO in April, it’s been my mission to truly integrate our two strong organizations and create a powerful new force in the clean energy industry—one company with a full range of products and solutions.

One crucial element to the integration has been evaluating and adapting our mission and values to where ARRAY is heading in the future. As we continue to expand globally, our commitment to our improved mission and values will differentiate us from our competition and guide our company culture.

It’s been exciting to see the progress so far and I look forward to completing the integration in 2023.

ARRAY Continues to Grow in the U.S. and Abroad

ARRAY’s ability to deliver excellent service and superior products on a global scale continues to be unmatched, thanks to our team’s innovative solutions. We have a lot to be proud of, but here are a few highlights from 2022:

• ARRAY’s global capacity to serve the market increased by more than 25% and can deliver over 30 gigawatts annually.
• With over 20 existing U.S. supplier partnerships—and the addition of new suppliers already in the queue—we expect deliver capabilities to be near 40 gigawatts by the end of Q1 2023.
• We won several new projects that will generate clean power for generations to come, thanks to our diversified global supply chain and customer-centric approach.
• ARRAY launched new products such as OmniTrack, introduced the STI-H250 to new markets, and worked on innovations that will propel our growth in the years ahead.
• We strengthened our commitment to our environmental, social and governance (ESG) and diversity and inclusion priorities.

Public Policy and the Renewable Energy Sector

The recent passage of the Inflation Reduction Act, which I was able to celebrate on the White House lawn—includes large subsidies across the entire solar supply chain, that will accelerate the transition to renewable energy sources—like solar projects—in the United States. However, the IRA provisions state that to get the full subsidy, a solar project must use U.S. products. Making the underlying source of steel a crucial factor for our customers as they look to meet the IRA’s domestic content requirements.

Not only does ARRAY utilize U.S. steel mills, but we also have suppliers that source steel from the U.S. Thanks to our large—and well-established—U.S. supply base and our asset-light operating model, we have the shortest and most reliable lead times in our industry. Even better is that our customers trust in our ability to deliver the right products and services for their projects on time.

This has been a monumental year for me, both personally and professionally. I am grateful for the opportunity to lead ARRAY at this pivotal time, and I look forward the new opportunities 2023 will bring. One thing is for sure: working closely with our partners and clients, ARRAY will continue doing our part to advance the clean energy future our citizens demand and our world deserves.

The post 2022 Company Highlights & What’s in Store for ARRAY Technologies in 2023 appeared first on ARRAY Technologies.

Before I Could Lead, I Needed to Listen

For 30 years, ARRAY’s engineering prowess and dedication to the renewable energy space have outshone the competition.

So, before I could jump into the day-to-day of my job as Chief Executive Officer (CEO), I knew I first needed to listen.

In my first six months, I met with customers and project partners who provided feedback, insights, and opportunities. I also spoke with team members from around the world, including Spain, Brazil, Australia, and South Africa.

We currently have over 1,500 employees, and everyone I’ve met has been open, warm, and welcoming. The ARRAY team is immensely knowledgeable, and their dedication is contagious.

Kevin touring a project site with the team in Brazil.

New Products to Help Advance the Future of Clean Energy

We don’t need to hope or dream of addressing the demand for utility-scale solar worldwide. Since acquiring STI Norland, one of Europe’s leading manufacturers of solar trackers, in early 2022, the possibilities are practically endless.

Together, our manufacturing capacity and design and engineering resources span three continents, and we’re delivering value to more customers and creating access to lower-cost, proven products.

I recently spent a week in Brazil with our legacy STI team and was fortunate to meet many of our team members and customers. I also spent time in the field on utility-scale solar sites learning and understanding the STI product and service offerings.

I’ve been incredibly impressed with the team at STI. They are dedicated to the company and the industry and continue to rally to every challenge we present them.

Including when ARRAY launched two new utility-scale solar tracker systems to the U.S. market—ARRAY OmniTrack and ARRAY STI H250—during RE+ in September.

OmniTrack offers up to 1° of slope change pile-to-pile—a significant angle that can reduce up to 98% of grading or earth movement—and is ideal for customers developing project sites on uneven and challenging terrain.

For sites with irregular boundaries, highly angled blocks, or fragmented project areas, the STI H250 will soon be offered in the U.S., providing a price-competitive option.

ARRAY’s Strong Supply Chain & the Impact of the Inflation Reduction Act (IRA)

While other companies scramble to set up domestic content and partnerships, ARRAY already has a long-standing and mature U.S. domestic supply chain and a record of strong execution.

This year, we increased our global capacity to serve the market by more than 25% and can deliver over 30 gigawatts annually. And with over 20 existing U.S. supplier partnerships—and the addition of new suppliers already in the queue—we expect this number to be near 40 gigawatts by the end of Q1 2023.

Then there’s the IRA, which includes large subsidies across the entire solar supply chain. However, to get the full subsidy, a solar project must use U.S. products. Making the underlying source of steel a crucial factor for our customers as they look to meet the IRA’s domestic content requirements.

Not only does ARRAY utilize steel mills located in the U.S., but we also have suppliers that source steel from the U.S.

Thanks to our large—and well-established—U.S. supply base and our asset-light operating model, we can pride ourselves on the shortest and most reliable lead times in our industry. Even better is that our customers trust in our ability to deliver the right products and services for their projects on time.

Expanding Global Teams to Meet Growing Customer Needs & Demands

Despite regulatory ups and downs this year, demand remained strong. In fact, we saw total revenue grow 116% and added over $200 million in new orders, ending the most recent quarter with a $1.9 billion order book, a 110% increase from last year.

Although there’s always room for improvement in our working capital efficiency, overall, I’m proud of the work we’ve done and what we will do. And let me say again that I think ARRAY has a rock-solid foundation to build from.

As a company with multiple products servicing numerous regions, we need to ensure our customers know whom to go to to get the right answers in a timely manner.

Since we manufacture little ourselves, we move a lot of materials from multiple suppliers directly to various customer sites at any given time. So, we must execute these orders in the most efficient, flexible, and predictable ways possible.

That’s why we’re continuing to round out a high-quality, experienced management team who know how to scale and run a large multinational, publicly traded corporation, including recently appointing Terrance Collins as our Chief Human Resources Officer. With more than 25 years of experience, he’ll play a critical role in creating a strong, diverse, and unified global culture at ARRAY that will attract, engage and retain the best workforce in the renewable energy industry.

We’ve also begun expanding the workforce in strategic areas like commercial excellence, commodity management, and logistics to ensure we are driving margin expansion and growth.

We have always had a strong focus on our customers. However, this is often done through extraordinary efforts and manual processes, which can sometimes be slow, frustrating, and exceedingly difficult to scale.

So, we’re now focusing on a digital transformation that will create a streamlined experience with improved turnaround times on customer quotes, project design, shipment scheduling, and service appointments, to name a few.

All this while simultaneously providing enhanced visibility on project status and delivery directly to our customers.

So as I take a step back and look at the industry landscape, the term that I’d like to focus on is flexibility.

We’re positioning ourselves to meet the additional demand as it comes while ensuring that our operational structure does not depend upon that volume. With our recent and continuing supply chain and logistics improvements, we’re in an outstanding position to do just that.

As I write this, two things are clearer than ever, ARRAY will have a special place in solar history, and we will continue to deliver on the needs of our customers.

The post Looking to ARRAY’s Future: New Products, Strong Supply Chains, & Growing Teams appeared first on ARRAY Technologies.