Array has raised $68.0M in total across 2 funding rounds.
Array's investors include Active Capital, LiveOak Venture Partners, Mucker Capital, NextGen Venture Partners, Array Ventures, Insight Partners, Left Lane Capital, REMUS Capital, Scale Asia Ventures, Scalebridge Capital.
Array Technologies, Inc. (NASDAQ: ARRY) is a leading global provider of utility-scale solar tracker technology, specializing in innovative hardware and software solutions that optimize solar energy production.[1][2][4] The company manufactures reliable solar trackers like DuraTrack®, STI H250, OmniTrack™, and SmarTrack®, a data platform using machine learning for energy management, weather risk mitigation, and cybersecurity compliance.[1] It serves utility-scale solar developers and operators worldwide, solving key challenges in renewable energy adoption by boosting efficiency, durability, and output in harsh conditions, with products engineered for a minimum 30-year lifespan.[1][2]
Founded on over 30 years of innovation, Array has grown from a U.S. manufacturing base into a dominant player, powering solar projects across North America, Latin America, Europe, Asia-Pacific, and beyond.[1][2] Its growth momentum includes the 2022 acquisition of STI Norland, making it the world's largest solar tracker company with expanded manufacturing on three continents and strong positioning in markets like Brazil.[2]
Array Technologies traces its roots to a U.S. manufacturing base over 30 years ago, evolving from domestic solar tracker production into a global renewable energy leader.[1][2] The company's early focus on "engineered simplicity" emphasized rigorous field and lab testing, independent reviews, and designs built to endure extreme conditions for decades.[2] A pivotal moment came in January 2022 with the acquisition of STI Norland, Europe's leading tracker manufacturer, which scaled Array's manufacturing, design, and engineering across three continents and solidified its dominance, particularly in Brazil's booming solar market.[2] This expansion built on decades of relentless reliability, transforming Array into the go-to provider for time-proven solar solutions committed to ESG principles.[1][2]
Array stands out in the solar tracker market through these key strengths:
Array rides the explosive global shift to renewable energy, particularly utility-scale solar, fueled by climate goals, falling panel costs, and policy incentives like the U.S. Inflation Reduction Act.[1][2] Its timing is ideal amid surging demand for efficient tracking tech, which can boost solar output by 20-40% over fixed-tilt systems, addressing intermittency and grid integration challenges.[1] Market forces favoring Array include rapid solar capacity growth in emerging regions like Latin America and Asia-Pacific, where its durable, high-yield trackers thrive.[2] By dominating trackers—the "key to unlocking sustainable future" solar—Array influences the ecosystem through reliable scaling, ESG leadership, and tech like SmarTrack® that enables smarter grids.[1][2]
Array is poised for accelerated growth as solar deployments hit record highs, with its market-leading trackers and software capturing share in hyperscaling markets.[1][2] Expect expansion into adjacent renewables, deeper AI-driven optimizations via SmarTrack®, and more acquisitions to fortify global supply chains amid supply volatility. Trends like energy storage integration and grid modernization will amplify its edge, evolving Array from tracker pioneer to comprehensive clean energy enabler—powering a sustainable world with unmatched integrity.[1][2]
Array has raised $68.0M across 2 funding rounds. Most recently, it raised $1.0M Seed in April 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2021 | $1.0M Seed | Active Capital, LiveOak Venture Partners, Mucker Capital, NextGen Venture Partners | |
| Apr 1, 2021 | $67.0M Series A | Active Capital, Array Ventures, Insight Partners, Left Lane Capital, REMUS Capital, Scale Asia Ventures, Scalebridge Capital |
