POSCO Supplies Steel to US ATI, the World's 2nd Largest Solar Power Equipment Manufacturer

Supply of 200,000 tons by 2023
Amount capable of installing solar power generation on 12,000 soccer fields

[Asia Economy Reporter Hwang Yoon-joo] POSCO will supply steel materials to Array Technologies Inc (hereinafter ATI), the world's second-largest solar power equipment manufacturer based in the United States.

On the 31st, the two companies signed an MOU remotely to cooperate in supplying materials such as the corrosion-resistant special steel 'PosMAC', solar power structures, related accessories, and in the development of design and utilization technologies.

ATI, headquartered in New Mexico, USA, is a designer and manufacturer of solar power structures and accessories, listed on NASDAQ, and participates in solar power projects worldwide, including the United States, Australia, and Europe. As of 2020, it holds a global market share of 17%, making it a leading global solar power business.

POSCO will collaborate with domestic small and medium steel companies and POSCO International to process materials such as PosMAC into solar power components and supply them to global solar power projects involving ATI.

The planned supply volume by 2023 is approximately 200,000 tons, enough to install solar power equipment over an area equivalent to about 12,000 soccer fields.

The two companies will jointly respond to ensure that global solar power companies adopt POSCO's product specifications from the project design stage and cooperate in developing engineering technologies related to the design and utilization of solar power structures and accessories.

POSCO plans to expand cooperation with the global top 10 solar power equipment manufacturers in the future to strengthen the sales base of steel materials in the renewable energy sector and support the competitiveness of domestic small and medium enterprises producing solar power components.

This content was produced with the assistance of AI translation services.