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This statistic highlights Array Technologies’ Facilities by Square Feet, split across Albuquerque, Kansas, Nevada, New Mexico, Ohio, Tennessee, Texas, and Wisconsin.
Array Technologies Inc., builds ground-mounting systems used for solar energy projects, with the use of Array trackers and equipment. The energy production of the solar panel’s increased by 25% as compared to other gearbox and tools used in other solar project equipment. The company sold majority of its products to EPCs- engineering, procurement, and construction firms. These firms are large solar manufacturers that are building solar energy projects.
|Facilities||2019||2020||Contribution in 2020|
|Albuquerque – Corporate headquarters||11.65||11.65||0.35%|
|Albuquerque – Warehousing and other||14.76||57.91||1.73%|
(all figures are in thousand square feet, except percentages)
The total area of facilities owned by the company increased by 21.25%, from 2.76 million sq. ft. in 2019 to 3.34 million sq. ft. in 2020.
The headquarter facilitates an 11,647 square feet area of space in the financial year 2020. The year-on-year growth is 0% when compared to the facility area in 2019, indicating that there is no new headquarter constructed or any addition made to the existing headquarter. It contributes 0.35% to the total area owned by the company.
Albuquerque-Warehousing and others
The facility area of warehouses and other segments from the Albuquerque region is 57,911 sq. ft. in 2020. It shows a growth of 292% in the year-on-year growth index when compared to the warehouse area in 2019, which was 14,758 sq. ft. Currently, this segment contributes 1.73% to the total sq. ft. area of all facilities owned by the company.
Array covers an area of 1.28 million sq. ft. in Kanas during the financial year 2020. There is 0% year-on-year growth, stating no new facilities have been built in Kansas from 2019 to 2020. Kansas has the largest facility by area in 2020 and it contributes 38.09% to the entire sq. ft. operated by the company.
This region’s facility measures 649,000 sq. ft. in 2020. There is 0% year-on-year growth as the area under this region is the same as 2019, indicating no new construction of facilities. In 2020 it contributes 19.38% to the total sq. ft. operated by the company.
The area of facilities in New Mexico stood at 176,000 sq. ft. in 2020. This region had no facility in 2019. The New Mexico facility was built in 2020. The facility of New Mexico covers 5.25% of the total company’s sq. ft. area.
Ohio has a facility that is 357,000 sq. ft. in 2020. In 2019 this region had no facility. Currently, the Ohio facility consists of 10.66% of the total facility area operated under the company.
In 2020, Tennessee covered a facility area of 0.5 million sq. ft. This region had 0% year-on-year growth from 2019 indicating that no new facility was constructed in this state. The facility in Tennessee accounts for 14.93% of the total facility by sq. ft. under the company.
Texas has facilities covering 187,000 sq. ft. in 2020. This shows a 6% growth on a year-on-year basis, growing from 176,000 sq. ft. in 2019 to 187,000 sq. ft to 2020. It consists of 5.58% of the total facility area of the company in 2020.
The facility area in Wisconsin stood at 135,000 sq. ft. in 2020. This region showed a 0% year-on-year growth from 2019. The facility area in this region contributes 4.03% to the total facility area of the company in 2020.
About Array Technologies
Array Technologies Inc. is the largest ground mounting system. Its core products are an integrated system of the electric motor, gearbox, steel supports, and electronic controllers commonly known as single-axis “Tracker”. The tracker consists of 10% to 15% of the total cost of the ground-mounted solar energy project. The revenue of the company is majorly separated in The United States and the rest of the world with 92% and 8%, respectively. The common stock of the company is traded on the NASDAQ under the symbol “ARRY”.
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