Ftc solar sells stake in dimension energy for $22 million

Austin, texas, june 28, 2021 (globe newswire) -- ftc solar, inc. (nasdaq: ftci), a fast-growing global provider of solar tracker systems, software and engineering services, today announced that it has received a net payout of approximately $22 million in connection with the sale of its minority investment position in dimension energy, llc (“dimension”), with the potential to receive an additional payout of up to approximately $14 million through an earn-out structure.
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