An FTC Solar tracker system. Credit: Pioneer Solar
Solar tracker manufacturer FTC Solar announced it is taking full ownership of its jointly owned steel manufacturing outfit Alpha Steel in the company’s third quarter 2025 financial results.
FTC is acquiring the 55% interest in Alpha Steel owned by its joint venture partners — Thai steel fabricator Taihua New Energy — for approximately $2.7 million.
The company established Alpha Steel as a manufacturing joint venture partnership in 2023 to make steel components, including torque tubes, rails and other components for utility-scale solar projects. The Alpha Steel facility is located outside of Houston in Sealy, Texas.
Following the closing of the transaction, FTC Solar will become the sole owner of Alpha Steel, giving the company full control over a key contributor to its domestic content capability and additional profit potential, while ensuring compliance with guidelines included in the OBBBA.
