Caterpillar (NYSE: CAT) and First Solar (Nasdaq: FSLR) will develop an integrated photovoltaic (PV) solar solution for microgrid applications. Under the agreement, First Solar will design and manufacture a turnkey package for use in remote microgrid applications. The package will feature Cat-branded solar panels manufactured by First Solar.
Caterpillar will sell and support the integrated solution through its Cat dealer network, along with its current offerings of generator sets and energy storage.
The new microgrid solution is expected to first enter the market in the Asia Pacific, Africa, and Latin America regions, with the integrated PV solution.
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