Company inks first contract in North America and expands manufacturing to the U.S.
San Bernardino, Calif. – March 25, 2014 - Exosun Inc., a leading provider of solar tracking technologies and associated engineering services, today announced its Exotrack® HZ product will maximize power generation for 30 MWAC of solar electric systems in California for Spanish sustainable technology solutions provider,Abengoa, and multinational renewable energy developer, EDP Renewables. This deal represents Exosun's first contract in North America.
EDP Renewables is the owner and developer of the 30 MWAC solar project while Abengoa will manage engineering, procurement and construction services. The solar plant will be equipped with a total of 263 Exotrack® HZ horizontal single-axis trackers, supporting 121,920 photovoltaic modules. This technology optimizes PV panel orientation to considerably improve electricity production compared to fixed-tilt installations. It is designed for fast, easy installation, and each unit is optimized to reduce motor stress and minimize maintenance over the long term. At the heart of Exotrack® HZ is the Exobox control system, which seamlessly manages programming algorithms with backtracking while enabling on-site and remote plant monitoring and operations.
"Technological advancements have significantly reduced the cost of trackers while reinforcing reliability," said Pavel Molchanov, equity research analyst with the Energy Group at Raymond James & Associates. "Solutions that can cost-effectively elevate plant output, such as Exosun's Exotrack® HZ, will be crucial to helping developers capitalize on the growth projected in utility-scale PV."
"Our Exotrack® HZ products have demonstrated their ability to accelerate ROI for customers across 130 MW in Europe; our entrance into the rapidly expanding North American market is a natural progression for our business," said Frédéric Conchy, President and CEO of Exosun. "Earning the opportunity to work with industry standouts like EDP Renewables and Abengoa underscores the bankability of our trackers, and represents the first step in what we anticipate will be a strong, lasting relationship. We're looking forward to a breakout year, both for Exosun and the global tracker market."
Exosun Inc., located in San Francisco, was founded in 2012 by Exosun SAS in order to support the European company's expansion into North America. It has since then partnered with a U.S. based manufacturer to localize manufacturing in addition to completing a Black & Veatch report validating the bankability of the Exotrack® HZ product, also recently declared the first solar tracker worldwide to be UL 3703 compliant.