ARRAY Technologies, a global leader in solar tracker technology, is proud to announce its strategic $3 million investment in Swap Robotics, a pioneer in utility-scale solar robotic operations, maintenance, and automation solutions. This investment aligns with ARRAY’s ongoing commitment to innovation, sustainability, and its goal of future-proofing the business through new growth opportunities.
Swap Robotics is currently in the process of closing a pre–Series A funding round targeting strategic investors, including ARRAY. With this investment, ARRAY positions itself at the forefront of the rapidly developing automation sector within the utility-scale solar industry, particularly focused on photovoltaic (PV) installation technology. Under the investment agreement, ARRAY has agreed to provide two additional investments of $1 million each if Swap attains certain agreed-upon milestones.
“Swap Robotics is developing a disruptive technology that perfectly fits with our mission to innovate and lead in the solar industry,” said Kevin G. Hostetler, chief executive officer at ARRAY. “As the utility-scale PV installation market stands at a crossroads, ripe for automation, we see an exciting opportunity to set new standards that drive project efficiency and customer value. Our investment empowers us to pursue growth in global markets and reinforces ARRAY’s role as a thought leader.”
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The integration of Swap Robotics’ cutting-edge technology with ARRAY’s existing products opens new possibilities for enhanced project cycle time efficiency and field installation savings. Automated module installation, powered by Swap Robotics, offers the potential for significant savings that would strongly benefit developers and engineering, procurement, and construction (EPC) companies looking to streamline project costs. In addition, Swap Robotics’ innovations promise to enhance the value of other disruptive technologies.
“ARRAY is the perfect strategic partner as we continue to revolutionize solar construction with our automated solutions,” said Tim Lichti, chief executive officer at Swap Robotics. “Together, we will reshape how solar power is deployed, making installations faster, safer, and more cost-effective while preparing for the next generation of utility-scale projects.”
Automation represents a major leap forward for ARRAY’s future product development. The investment will drive the continued evolution of ARRAY’s tracker technology, facilitating automation-optimized designs that seamlessly integrate with robotic installation solutions. ARRAY’s approach to automation seeks to differentiate ARRAY’s solutions from others in the competitive solar marketplace while avoiding direct competition with EPCs.
“Having evaluated a number of startups in the utility-scale solar robotics space for robotic panel laying, we chose to partner with Swap Robotics due to their years of experience on solar sites, their innovative and cost-effective approach, and their safety track record,” said Aaron Gabelnick, chief technology officer at ARRAY.
ARRAY’s investment in Swap Robotics is only a piece of its broader strategy of developing innovative products to meet the evolving needs of our customers. By embracing automation, ARRAY demonstrates its commitment to furthering global decarbonization efforts and making solar energy more accessible and affordable.
SOURCE: GlobeNewswire