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Arctech, the world’s leading tracking, racking, and BIPV solutions provider, attended the 2022 RE+ signaling for deeper localization from working on local manufacturing capacity.
Arctech Team at RE+
RE+ brings the modern energy industry together to foster a cleaner future for all. The largest and most comprehensive event in North America for the clean energy industry, RE+ is comprised of Solar Power International (our flagship event), Energy Storage International, RE+ Power (including wind, and hydrogen and fuel cells), and RE+ Infrastructure (electric vehicles and microgrids) and brings together an extensive alliance of renewable energy leaders for multiple days of programming and networking opportunities.
Engineered to withstand the harshest conditions on the planet, Arctech’s high-quality solar tracker solutions maximize energy production, accelerating the adoption of cost-effective and sustainable energy.
Arctech sent the full lineup from the technical guru, sales veterans and engineering crew. Pedro Magalhães, Gregory Freeman, Olvia Malagón Pfeiffer, AMÓS ADRIÁN NEILA JIMÉNEZ, Alfredo Bedolla, and Guillermo Garciay Morales brought the 3D printing model of the 1P solar tracker SkyLineII and 2P SkySmartII solar tracker with the company’s signature multi-point drive mechanism technology to the tradeshow.
The U.S. solar energy industry has grown tremendously in the past decade. That growth has actually been one of the most phenomenal economic growth stories across the whole U.S. economy. According to new forecasts in the US Solar Market Insight Q3 2022 report, the Inflation Reduction Act (IRA) will help the US solar market grow 40% over baseline projections by 2027, equal to 62GW of additional solar capacity.
Published by Solar Energy Industries Association (SEIA) and Wood Mackenzie, the utility-scale sector will lead the solar industry’s growth over the next five years with 162GW of new capacity. Cumulative solar installations across all market segments will nearly triple in size, growing from 129GW today to 336GW by 2027.
The company has relied on its diversified global supply chain and customer-centric approach to deliver, commission and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy.
“I think what Arctech plans to do is to have our own factories, not only in China but expand our presence and manufacturing capabilities globally. We had finished our first JV factory in India, which will not only supply for local projects but also for different projects overseas including the USA. In the meantime, we’re actually seeking the possibility to join hands with a local developer here in the US to set up a local manufacturing base, you know boosted by the acts of the US to incentivize local manufacturing. Besides, we’re expanding our capability of sourcing OEM capabilities and capacities globally like in Saudi Arabia, Turkey, Latin America, Brazil, you know, Argentina, etc. All those actions will serve the purpose of ensuring the landing costs make sense to our clients.” Said Jesse Lau, VP of Global Business & Services at Arctech.