{"id":759456,"date":"2023-05-18T01:35:02","date_gmt":"2023-05-18T05:35:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/"},"modified":"2023-05-18T01:35:02","modified_gmt":"2023-05-18T05:35:02","slug":"dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/","title":{"rendered":"Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region"},"content":{"rendered":"

<\/p>\n

Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region<\/i><\/b><\/p>\n

3-Gigawatt Volume Commitment Agreement Drives Additional Manufacturing Expansion in Memphis<\/i><\/p>\n

MEMPHIS, Tenn.–(BUSINESS WIRE<\/a>)–Nextracker Inc.<\/a> (NASDAQ:NXT), a global market leader in utility-scale solar trackers, and MSS Steel Tubes USA, a joint venture of Metalogalva and Soufer, today announced the commissioning of a new Tennessee factory to manufacture low-carbon steel components for Nextracker\u2019s solar tracking systems. The Memphis-based facility will manufacture Nextracker steel torque tubes, creating 129 jobs<\/a> and generating millions of dollars in local economic investment.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230517005889\/en\/<\/a><\/p>\n

\"A<\/p>\n

A line worker at the Nextracker dedicated MSS Steel Tubes Factory, Memphis (Photo: Nextracker)<\/p>\n<\/div>\n

\n\u201cWe chose Memphis for our first U.S. plant to support Nextracker\u2019s utility-scale solar demand across the Southeast,\u201d said Ant\u00f3nio Pedro Antunes, CEO of Metalogalva Group. \u201cMemphis has the transportation, infrastructure, and capable workforce necessary to support a solar manufacturing program like this.\u201d<\/p>\n

\nNextracker\u2019s dedicated tube mill will feed projects in Kentucky, South Carolina, Virginia, Mississippi, and Georgia. Tennessee-based Silicon Ranch\u2014which pioneered utility-scale solar in the Southeast\u2014is developing many of those projects, having signed a supply agreement for 1.5 gigawatts<\/a> with Nextracker last year, and another new 3 gigawatt supply agreement today.<\/p>\n

\n\u201cNextracker\u2019s new Tennessee tube mill not only helps us maintain our 100% track record for successful project delivery but also enables us to support additional investments in American manufacturing while lowering carbon production processes of our supply chain, and reducing volatility and logistics risks, all from our home state,\u201d said Reagan Farr, Silicon Ranch Co-Founder and CEO.<\/p>\n

\n\u201cThis is what energy security looks like: New U.S. manufacturing jobs using American-made steel to produce affordable clean energy,\u201d said Dan Shugar, Founder and CEO of Nextracker. \u201cCustomers want domestic, low-carbon technologies like solar power. We are excited to inaugurate a new dedicated Nextracker manufacturing line in Memphis with MSS Steel Tubes USA, and to continue to team with Silicon Ranch with a new 3 GW multi-year agreement to provide the Tennessee Valley and greater Southeast with our high performing systems.\u201d<\/p>\n

\nPortuguese industrial company Metalogalva Group and Brazilian steelmaker Soufer Group formed MSS Steel Tubes USA to reconfigure a vacant industrial building to manufacture for Nextracker.<\/p>\n

\nNextracker and MSS Steel Tubes held a ceremony on May 18th to dedicate the steel tube line in partnership with Silicon Ranch. The Tennessee Commissioner of Economic Development, Stuart McWhorter, joined the event along with Abby Hopper, the CEO of Solar Energy Industries Association, and David Burritt, CEO of U.S. Steel.<\/p>\n

\nNextracker\u2019s collaboration with MSS Steel Tubes USA underscores the Tennessee Valley\u2019s growth as a regional manufacturing hub for the Southeast. As more companies seek to locate their manufacturing capacity in the U.S., Nextracker has already delivered gigawatts of U.S.-made products to solar developers. Today\u2019s announcement shows that Nextracker stands ready for the next generation of utility-scale projects in the Southeast with products manufactured in the Tennessee Valley.<\/p>\n

About Nextracker<\/b><\/p>\n

\nNextracker is the leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Our products enable solar panels in utility-scale power plants to follow the sun\u2019s movement across the sky and optimize plant performance. With operating fleet in over 30 countries, Nextracker leads the solar industry with solar tracker technologies that increase energy production while reducing costs for significant plant ROI. For more information, please visit www.nextracker.com<\/a>. Stay in touch with us: Twitter<\/a>LinkedIn<\/a>Instagram<\/a>Facebook<\/a><\/p>\n

About MSS Steel Tubes<\/b><\/p>\n

\nMSS Steel Tubes USA LLC is a subsidiary of MSS Steel Tubes SA<\/a>, which is based in Portugal. The company was founded with participation from Metalogalva Group<\/a>, from Portugal, and Soufer Group<\/a>, from Brazil. MSS Steel Tubes opened its first U.S. production facility in Memphis, Tennessee in 2023.<\/p>\n

About Silicon Ranch<\/b><\/p>\n

\nFounded in 2011, in Tennessee, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. To learn more, visit siliconranch.com<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements that involve risks and uncertainties. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from expectations discussed in such forward-looking statements. Nextracker does not assume any obligation to update the forward-looking information contained in this press release.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230517005889\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Alex Petersen (on behalf of Nextracker)
\n
(203) 313- 7699
\n
alex@tigercomm.us<\/a><\/p>\n

Media Contact for Silicon Ranch:
\n<\/b>
Katie Jacobs (Quarter Horse PR)
\n
siliconranch@qh-pr.com<\/a><\/p>\n

KEYWORDS:<\/b> Tennessee United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Machine Tools, Metalworking & Metallurgy Utilities Hardware Data Management Alternative Energy Energy Technology Environment Steel Green Technology Other Technology Manufacturing<\/p>\n

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A line worker at the Nextracker dedicated MSS Steel Tubes Factory, Memphis (Photo: Nextracker)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region 3-Gigawatt Volume Commitment Agreement Drives Additional Manufacturing Expansion in Memphis MEMPHIS, Tenn.–(BUSINESS WIRE)–Nextracker Inc. (NASDAQ:NXT), a global market leader in utility-scale solar trackers, and MSS Steel Tubes USA, a joint venture of Metalogalva and Soufer, today announced the commissioning of a new Tennessee factory to manufacture low-carbon steel components for Nextracker\u2019s solar tracking systems. The Memphis-based facility will manufacture Nextracker steel torque tubes, creating 129 jobs and generating millions of dollars in local economic investment. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230517005889\/en\/ A line worker at the Nextracker dedicated MSS Steel Tubes Factory, … <\/p>\n

Continue reading “Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-759456","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region 3-Gigawatt Volume Commitment Agreement Drives Additional Manufacturing Expansion in Memphis MEMPHIS, Tenn.–(BUSINESS WIRE)–Nextracker Inc. (NASDAQ:NXT), a global market leader in utility-scale solar trackers, and MSS Steel Tubes USA, a joint venture of Metalogalva and Soufer, today announced the commissioning of a new Tennessee factory to manufacture low-carbon steel components for Nextracker\u2019s solar tracking systems. The Memphis-based facility will manufacture Nextracker steel torque tubes, creating 129 jobs and generating millions of dollars in local economic investment. This press release features multimedia. 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(NASDAQ:NXT), a global market leader in utility-scale solar trackers, and MSS Steel Tubes USA, a joint venture of Metalogalva and Soufer, today announced the commissioning of a new Tennessee factory to manufacture low-carbon steel components for Nextracker\u2019s solar tracking systems. The Memphis-based facility will manufacture Nextracker steel torque tubes, creating 129 jobs and generating millions of dollars in local economic investment. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230517005889\/en\/ A line worker at the Nextracker dedicated MSS Steel Tubes Factory, … Continue reading \"Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-18T05:35:02+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20230517005889\/en\/1797573\/4\/IMG_3950.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region","datePublished":"2023-05-18T05:35:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/"},"wordCount":942,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20230517005889\/en\/1797573\/4\/IMG_3950.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/dedicated-nextracker-manufacturing-line-at-new-mss-steel-factory-to-bring-new-jobs-and-millions-of-dollars-in-investment-to-tennessee-valley-region\/","name":"Dedicated Nextracker Manufacturing Line at New MSS Steel Factory to Bring New Jobs and Millions of Dollars in Investment to Tennessee Valley Region - 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