BCI Steel, Full Tilt solar racking net investment from The Calandra Group
The Calandra Group, a Pittsburgh-based affiliate of JM Steel, has made a significant equity investment BCI Steel and Full Tilt Energy Systems, which have both been steadily growing their presence in the solar industry.
Full Tilt Energy Systems, a division of BCI Steel, offers a fixed-tilt solar racking system with installations in the USA and Europe and a multi-GW pipeline of future projects. The investment from The Calandra Group will provide Full Tilt Energy Systems with the necessary capital, operational expertise, raw material buying power, and project financing to significantly expand market share.
With the Calandra Group’s financial strength, Full Tilt is eyeing utility-scale projects as part of its product line expansion.
“The BCI team has impressed us with their vast knowledge and relationships within the solar industry, and has been at the forefront of designing innovative solutions for the market,” stated Tony Calandra, CEO of the Calandra Group. The investment in the Pittsburgh based factory provides us additional torque tube manufacturing capacity in our hometown that will supply the needs of the Northeast region, as well as provide us access to a highly adaptable fixed-tilt racking solution in the Full Tilt system.”
BCI Steel is a leading contract manufacturer of solar tracking systems, most notably for Nextracker. The investment from Calandra Group will enable BCI Steel to rapidly expand capacity at its factory in the Pittsburgh area to keep pace with growing demand for US-manufactured solar structures. BCI Steel was recently highlighted by Secretary of Energy Jennifer Granholm as a prime example of advanced manufacturing onshoring: a trend that strengthens American energy independence and long-term energy resiliency.
“We are thrilled to have The Calandra Group as partners in our drive to have American Solar ‘Made in America’ again,” stated Matt Carroll, CEO of BCI Steel and Full Tilt Energy Systems. “The Calandra Group and JM Steel, with tremendous operational expertise and unmatched steel procurement experience will give BCI Steel significant horsepower to increase our position as a leading supplier of tracker torque tubes.
Comments are closed here.