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Parliament Solar, an EnCap and Mercuria Portfolio Company, Selects Ideematec to Supply its Tracking System for Parliament’s 640MW Texas Solar Project

Phoenix, Arizona June 13, 2023 – Ideematec Inc., a leading provider of utility-scale solar tracking systems, today announced its agreement with Parliament Solar, LLC (“Parliament Solar”), the initial asset for Parliament Energy Holdings LLC (“Parliament Energy”), to deliver 640 megawatts (MW) of Ideematec’s Horizon L:TEC® 1P solar tracking system in Texas. Parliament Solar is a portfolio company of EnCap Investments L.P. (“EnCap”) and Mercuria Energy (“Mercuria”).

Ideematec’s Horizon L:TEC® 1P is a market-leading solar tracking system designed to maximize the efficiency of large-scale solar systems. The system is based on a patented decoupled drive technology and Ideematec’s innovative locking system for maximum stability and the lowest possible maintenance requirements.

“We are excited to begin our deliveries to Parliament Solar. Beyond advancing clean energy adoption in Texas, projects of such magnitude are vastly accelerating the North American energy transition. Ideematec has shipped over 5GW of its award-winning trackers worldwide and our participation in the Electric Reliability Council of Texas (“ERCOT”) region underscores our competitiveness within the U.S. utility-scale market. Our product delivers optimized solutions to overcome technical challenges, whether it is hurricane wind speeds, difficult terrain, or expansive clay soils. We look forward to working with all participating parties to supply GWs of our advanced Horizon L:TEC® product into additional projects. Ideematec’s entire team is proud to reach this crucial step within our global expansion strategy.” Said Philipp Klemm, CEO of Ideematec, Inc.

Alan Stringer, COO at Solar Proponent LLC (“SolarPro”) stated: “Ideematec supplies a world class product, provides consistent pricing transparency, and has demonstrated the ability to work together to manage commodity and freight risk”.  SolarPro, an EnCap and Mercuria portfolio company, is a solar development company with approximately 7GW of projects under development and is providing construction management services to Parliament Solar.

“The flexible configuration and locking technology of our Horizon L:TEC® tracker is an ideal combination for the demanding environments throughout Texas,” said Mario Eckl, CEO of Ideematec. “Ideematec’s patented technology provides the highest additional gains, optimizes overall yields, and improves the lifetime performance of a solar tracking system. We congratulate our North American team, Ideematec Inc., on their successful partnership with Parliament Solar and their overall expansion into the Texas market.”