M&A
confidence high
sentiment positive
materiality 0.60
FTC Solar announces JV with Taihua New Energy for domestic steel component manufacturing in Texas
FTC Solar, Inc.
- Joint venture Alpha Steel LLC formed with Taihua New Energy to produce torque tubes and steel components for utility-scale solar.
- Sealy, Texas facility expected to begin commercial production in mid-2023.
- State-of-the-art equipment to use U.S. steel; Taihua CEO Kailiang Ji named Alpha Steel General Manager.
- Partnership aims to enhance FTC's domestic supply chain and support U.S. solar market growth.