Company: FTCI
Filing Date: 2025-05-01
Form Type: S-3
Source: 0001193125-25-109056
Chunk: 46

Company: FTC Solar, Inc.
Filing Date: 2025-05-01
Form: S-3
Chunk 46
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 delivery of finished products and services, (iv) freight and delivery, (v) product warranty, (vi) insurance, and (vii) customer support. We currently outsource all manufacturing to contract manufacturing partners. We are focused on growing our U.S. manufacturing supply partners in order to reduce lead times for our customers, as well as other potential benefits. As an example, on February 9, 2023, we entered into a limited liability company agreement with Taihua New Energy (Thailand) Co., LTD, a leading steel fabricator and an existing vendor, and DAYV LLC, for the creation of Alpha Steel LLC (“Alpha Steel”), a Delaware limited liability company dedicated to producing steel components, including torque tubes and structural fasteners, for utility-scale and distributed generation solar projects. The Alpha Steel facility, which is located outside of Houston in Sealy, Texas, began limited commercial production late in the fourth quarter of 2023. For further discussion, see Note 11 “Equity method investment” included in our consolidated financial statements in Part II, Item 8 of our Annual Report on Form 10-Kfor the fiscal year ended December 31, 2024. In addition to Alpha Steel, we plan to continue to partner with other U.S.-based manufacturers to further add to our domestic content capabilities and we will continue to use existing and new international manufacturers to expand our capacity, as needed, to address anticipated increases in future volume. Market Factors Several market factors are driving the growth in solar energy including:

| • |     | the declining cost of solar photovoltaic (PV) modules over the last several years, although this may be affected 
 in the future in the event of higher tariffs being applied;                                                      |

S-3

| • |     | government incentives such as tax incentives, Renewable Portfolio Standards (“RPS”) and international 
 climate commitments to accelerate the adoption of solar energy;                                       |

| • |     | increasing demand for electricity associated with new data center construction and expansion of the use of 
 artificial intelligence;                                                                                   |

| • |     | environmental concerns regarding greenhouse gas emissions; |

| • |     | technological advancements in solar panel design and efficiency; and |

| • |     | corporate sustainability goals, among other factors. |

Our global market opportunity is driven by three primary factors: (i) overall growth in utility-scale solar projects, (ii) the increased usage of trackers as the preferred mounting system in utility-scale solar projects and (iii) our ability to execute our product roadmap