Nextracker no more: Meet Nextpower
Nextracker has been evolving beyond a mere tracker supplier for quite some time. This year it went into acquisition mode, adding Bentek eBOS and Origami Solar’s module frames to the mix, in addition to a robotics and AI division. The time was now for a name that reflected the company’s next phase as a wide-ranging solar power plant innovator.
Nextracker is now officially Nextpower.
“Our new name reflects this transformation,” said Dan Shugar, founder and CEO of Nextpower. “Nextpower is building on decades of leadership in solar tracking, creating a leading integrated technology platform to support the world’s most advanced clean energy systems. The world is in an electricity super-cycle, and solar is the primary driver, adding more capacity than any other source, at lower cost. As we expand into power conversion systems (PCS), robotics, and AI, we’re enabling customer solutions engineered for the scale, reliability, and complexity of today’s solar power plants.”
In conjunction with the company’s Capital Markets Day being held today, Nextpower reaffirms its FY26 outlook and announces its FY27 outlook and long-term financial targets, including $4.8 billion to $5.6 billion in revenue by FY30, with approximately one-third of revenue expected to come from sales of non-tracker products and services.
Meet Nextpower
Nextpower delivers an integrated, connected ecosystem spanning structural, electrical, and digital solutions across the full lifecycle of advanced power plants—from design and construction through operations and maintenance.
As part of its expanding technology platform, Nextpower announced the development of a new line of utility-scale power conversion systems with first shipments expected in 2026.
“Our customers want coherent, integrated solutions that install faster, perform better, and operate more reliably over their lifetime,” Shugar said. “Over the past several years, we have been systematically executing a strategy to expand our portfolio and create a comprehensive technology platform that delivers significant benefits across the solar value chain.”
Why now?
The Nextpower rebrand comes as global energy is going through its own revamp. Global electricity demand is accelerating driven by the rapid rise of AI and data centers, electric transportation, and the electrification of buildings. According to the International Energy Agency, U.S. data centers will consume more electricity than all domestic energy-intensive manufacturing combined by 2030.
Meanwhile, solar has become the lowest-cost, fastest-growing source of new electricity generation worldwide. In response, policymakers are emphasizing the strategic need for localized supply chains, an area where Nextpower has made investments for more than a decade across domestic steel, electronics, and components manufacturing.
