FTC Solar and Taihua New Energy formed a new joint venture.

FTC Solar, a US-based solar tracker maker, and Taihua New Energy, a steel fabrication company, formed a new joint venture to produce steel components for solar projects. Financial terms were not disclosed. "This agreement will additionally enhance our residential supply chain, and also our capability to support our clients as well as the growth of the United States solar market, with residential manufacturing making use of US steel," Sean Hunkler, FTC Solar CEO.