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CFO Assi Ginzburg confirmed that NV Energy has completed the transmission line work, and Ormat expects significantly less curtailment in the second half of the year. He also clarified that the legal settlement was from a year-old issue where a supplier failed to deliver on a fixed-price battery contract, resulting in quarterly reimbursement income for Ormat.

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CEO Doron Blachar clarified that the remaining contract renewals in Nevada through 2028 fall under a previously signed portfolio PPA with NV Energy at rates around $70/MWh, which is still an uplift. He also noted a separate California contract for the Heber facility is expected to be finalized soon at around $100/MWh. Regarding the Oxbow power line, he confirmed it is a non-core asset that Ormat is actively in the process of selling.

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President, CEO & Director Yann Brandt expressed confidence in a Q4 rebound, citing close collaboration with smaller developers who are finalizing capital for their project pipelines. CFO Cathy Behnen clarified the $4 million charge was a maximum potential accrual related to a minimum purchase commitment with Alpha Steel for their joint venture. Regarding the financing, Brandt described the $75 million deal with Clean Hill as an opportunistic move to secure a strong partner and a robust balance sheet, which he noted has already begun opening doors to new business opportunities faster than anticipated.

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President and CEO Yann Brandt explained that while some imported components are subject to tariffs, the company mitigates this through a diversified supply chain. He clarified that contractually, the majority of tariff costs are passed through to customers, resulting in minimal direct financial impact on FTC Solar. Brandt also noted that the market had largely anticipated the AD/CVD results and that FTC's module-agnostic tracker design has not seen significant project shifts or delays due to module changes.

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President and CEO Yann Brandt reaffirmed that the 1P Pioneer tracker can be 30-40% faster to install, potentially saving over $0.03 per watt for EPCs. Regarding long-term margins, Brandt stated that at scale, FTC's margins should align with peers, with opportunities for improvement from their SunPath software. He clarified that the company has limited to zero exposure to steel price volatility due to its back-to-back procurement strategy, where steel prices are secured when purchase orders are finalized.

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CEO Tom Deitrich clarified the $15 million net impact is based only on tariffs in effect today and does not anticipate future changes. He stated that no material change in CapEx is expected from mitigation efforts. He also explained that pricing adjustments are made using contractual flexibility established in recent years and he is not aware of customers needing to seek regulatory approval for these changes to date.

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CEO Tom Deitrich indicated that while 2025 bookings are difficult to predict quarterly, he doesn't expect the same 'big hockey stick' as 2024 but anticipates a book-to-bill of at least 1:1 for the full year. Regarding tariffs, Deitrich acknowledged that Itron has a 'fair amount of components coming in from Mexico' and is mindful of potential impacts, using inventory and a multi-sourcing program as mitigation. He clarified that for Itron, 15-20% of total revenue is software and services, with the majority residing in the Outcomes segment, acknowledging that competitors may classify these items differently.

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CEO Tom Deitrich clarified that regulatory *progress* has been made on a significant portion of the $1 billion pipeline, which gives confidence for Q4 bookings, but they are not all booked yet. He noted that water segment strength may normalize as supply chains improve and customer inventory levels adjust. Regarding M&A, Deitrich stated the company is actively seeking acquisitions that accelerate Outcomes growth, particularly in scalable grid edge intelligence platforms.

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CFO Ariel Porat declined to disclose the specific cash amount from 45X monetization or the production volumes of eligible U.S. products. He reiterated that 45X is now part of normal business operations and will not be broken out separately, though he noted generation potential will increase as U.S. facilities ramp.

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CFO Ricardo Rodriguez explained that qualifying products from a new facility is a standard process and customers are indifferent to the manufacturing location. He stated that the Rhode Island plant's capacity could approach $600 million, supplemented by the external facility adding capacity in increments of $150 million to $200 million per year.

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CFO Ricardo Rodriguez confirmed the 25% lower cost benchmark includes the Rhode Island plant and other benchmarked facilities. Regarding Audi, he stated that while prototype volumes are increasing, Aspen does not expect full volume production revenues until the second half of 2025. On financing, he asserted that the company is fully focused on sprinting ahead to close the DOE loan in Q1 and is not currently exploring alternatives.

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CEO Christopher Urmson defined 2025 success as proving the technology with driverless operations, demonstrating scalability by launching new lanes, and introducing hardware that enables profitability. He described the competitive landscape as 'ours to win,' asserting Aurora is ahead of competitors. Key cost levers mentioned were reducing on-site support (via API), lowering remote support costs, and improving insurance pricing through demonstrated safety.

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CFO David Maday and CEO Christopher Urmson clarified that the launch will scale from one truck up to 10, and then into the 'tens of trucks' by the end of 2025. They noted contracts are typically annual and confirmed the delay causes no penalties, as safety is the priority for all partners. Urmson explained the remaining work on construction zones is about validating variability, not specific edge cases, and highlighted that there have been no construction-related disengagements on the launch lane since May.

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CEO Brian Krzanich reported that while he had no new specific metrics, cloud traffic and usage of the generative AI platform continue to increase with no signs of tapering off as users discover more capabilities. Executive Antonio Rodriquez stated that while there is no formal minimum cash balance, the company would be comfortable with a balance north of $70 million post-payoff and is confident in its ability to grow cash flow from that level.

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President and CEO Badrinarayanan Kothandaraman explained the 1.2M unit guidance is conservative and reflects the need to balance production across global manufacturing sites in the U.S. and India. Regarding prepayments, he stated the additional $15 million came from smaller, run-rate customer orders to secure capacity, which are expected to be consumed within one to two quarters and are not classified as long-term safe harbor.

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CFO Ryan Benton stated that the company is 'operating to win' and is sufficiently capitalized with over $203 million in cash to support a manufacturing ramp. He clarified that while proceeds from half the warrants would not be enough to build all four planned lines, it would be sufficient to add a second line, significantly increasing capacity. He also noted that approximately $34 million had been exercised to date.

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