{"id":793820,"date":"2024-12-10T09:10:44","date_gmt":"2024-12-10T14:10:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nextracker-delivers-first-100-domestic-content-solar-trackers-to-u-s-market\/"},"modified":"2024-12-10T09:10:44","modified_gmt":"2024-12-10T14:10:44","slug":"nextracker-delivers-first-100-domestic-content-solar-trackers-to-u-s-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nextracker-delivers-first-100-domestic-content-solar-trackers-to-u-s-market\/","title":{"rendered":"Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market"},"content":{"rendered":"

<\/p>\n

Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market<\/b><\/p>\n

Company Sets New Standard for American Manufacturing, Job Creation, and Supply Chain Resilience<\/i><\/p>\n

FREMONT, Calif.–(BUSINESS WIRE<\/a>)–Nextracker<\/a> (Nasdaq: NXT), a global leader in solar tracker technology, today announced it has shipped and delivered the industry\u2019s first U.S.-manufactured solar trackers in the United States which are expected to achieve 100% domestic content value for solar trackers under the Inflation Reduction Act (IRA).1<\/sup> The first project to receive these domestic content trackers is SB Energy\u2019s Pelican\u2019s Jaw project. The 570 MW solar and 954 MWh storage project is currently under construction by SOLV Energy. This supply chain localization milestone reaffirms Nextracker\u2019s industry leadership and commitment to American manufacturing and jobs, while providing operational excellence for customers and partners.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241210396428\/en\/<\/a><\/p>\n

\"Nextracker<\/p>\n

Nextracker Founder and CEO, Dan Shugar speaking at steel manufacturing plant opening. Critical steel components used in Nextracker’s solar trackers are fabricated at this Las Vegas Unimacts facility. (Photo: Nextracker)<\/p>\n<\/div>\n

\nNextracker began investing in local manufacturing infrastructure in 2021 to establish a secure supply chain following disruptions during the global pandemic. Together with its manufacturing partners, the company has now expanded or opened more than 25 U.S. factories with over 30 GW of annual capacity. Nextracker\u2019s robust local supply chain significantly reduces lead times with top quality products, providing customers with superior performance, shipping logistics and flexibility throughout construction and the entire project lifecycle.<\/p>\n

\n\u201cDelivering the industry\u2019s first trackers with 100% domestic content value is a huge milestone for our customers, our supply partners, and Nextracker,\u201d said Dan Shugar, Nextracker founder and CEO. \u201cIt demonstrates our ability to ramp and scale operations that directly benefit our customers\u2014and sets a new standard for local supply chain resilience and operational excellence. By systematically focusing our manufacturing partnerships close to our customer project sites, we secure the supply chain and provide superior on-time delivery and cost savings for project development and construction. We also significantly de-carbonize our products by incorporating clean steel manufactured in the United States.\u201d<\/p>\n

\nAbhijeet Sathe, Co-CEO, SB Energy, added, \u201cSB Energy is proud to drive growth of domestic manufacturing for renewable energy through our projects. Our Pelican’s Jaw project will be the first to utilize Nextracker\u2019s 100% U.S. domestic content solar trackers. We applaud Nextracker for their leadership in creating a robust U.S. supply chain to support our projects with greater supply security and create high paying, domestic manufacturing jobs.\u201d<\/p>\n

\n\u201cI attended Nextracker\u2019s manufacturing plant dedications in Texas, Pittsburgh and Las Vegas, where U.S. workers are building high quality solar products that will help power renewable energy projects across the country,\u201d said George Hershman, CEO of SOLV Energy. \u201cNextracker will supply the first 100% U.S. domestic content trackers to Pelican\u2019s Jaw, a 570 MW solar and 954 MWh storage project that SOLV is building and operating for SB Energy. Their leadership in domestic manufacturing supports shorter lead time, on-time delivery, and a smoother installation process for our project teams and client-partners.\u201d<\/p>\n

\nSolar power has become the leading source of new power generation, creating well-paid jobs both in the United States and globally according to the International Energy Agency. The American Clean Power Association reports that, as of 2023, the U.S. solar industry supports 279,000 jobs, driving significant economic growth in states like Arizona, California, Florida, Pennsylvania, Tennessee, and Texas.<\/p>\n

\nTo request a quote or learn more about Nextracker\u2019s domestic content capability or our NX Horizon\u2122 Low Carbon tracker<\/a> offering, please contact insidesales@nextracker.com<\/a>.<\/p>\n

\nYou can also learn more about Nextracker\u2019s local manufacturing and domestic content initiatives by visiting our U.S. manufacturing landing page<\/a>.<\/p>\n

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

\nNextracker is a leading provider of intelligent, integrated solar trackers, foundations, and software solutions used in ground-mounted utility-scale and distributed generation solar projects around the world. Our products enable solar PV power plants to follow the sun\u2019s movement across the sky and optimize plant performance. With power plants operating in more than forty countries worldwide, Nextracker offers solar tracker technologies that increase energy production while reducing costs for significant plant ROI. For more information, please visit Nextracker.com<\/a>.<\/p>\n

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

\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to Nextracker\u2019s expansion of our U.S. manufacturing and production volumes, and statements related to Nextracker\u2019s products satisfying 100% domestic content value under the U.S. Inflation Reduction Act of 2022 (\u201cIRA\u201d) and related guidance and regulations promulgated by the U.S. Treasury Department. These forward-looking statements are based on various assumptions and on the current expectations of Nextracker\u2019s management, including the domestic content requirements, and Nextracker\u2019s interpretation of such requirements, under IRA and related rules and regulations. These statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties regarding the interpretation of applicable domestic content requirements, the modification, reduction, elimination or expiration of government incentives contained in IRA, and other risks that are described under \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d in Nextracker\u2019s most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextracker has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextracker is not aware of or that Nextracker currently believes are immaterial that could also cause actual results to differ from the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextracker assumes no obligation to update these forward-looking statements.<\/p>\n

______________
\n
1<\/sup> As provided by the May 2024 U.S. Department of Treasury guidance with simplified safe harbor domestic content calculation tables.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241210396428\/en\/<\/a><\/span><\/p>\n

Media Contact
\n<\/b>
Brandy Lee
\n
Corporate Communications
\n
+1.408.930.6186
\n
blee@nextracker.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Other Manufacturing Environment Technology Utilities Manufacturing Alternative Energy Software Green Technology Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n
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Nextracker Founder and CEO, Dan Shugar speaking at steel manufacturing plant opening. Critical steel components used in Nextracker’s solar trackers are fabricated at this Las Vegas Unimacts facility. (Photo: Nextracker)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market Company Sets New Standard for American Manufacturing, Job Creation, and Supply Chain Resilience FREMONT, Calif.–(BUSINESS WIRE)–Nextracker (Nasdaq: NXT), a global leader in solar tracker technology, today announced it has shipped and delivered the industry\u2019s first U.S.-manufactured solar trackers in the United States which are expected to achieve 100% domestic content value for solar trackers under the Inflation Reduction Act (IRA).1 The first project to receive these domestic content trackers is SB Energy\u2019s Pelican\u2019s Jaw project. The 570 MW solar and 954 MWh storage project is currently under construction by SOLV Energy. This supply chain localization milestone reaffirms Nextracker\u2019s industry leadership and commitment to American manufacturing and jobs, while providing … <\/p>\n

Continue reading “Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market”<\/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-793820","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market - 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\/nextracker-delivers-first-100-domestic-content-solar-trackers-to-u-s-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market Company Sets New Standard for American Manufacturing, Job Creation, and Supply Chain Resilience FREMONT, Calif.–(BUSINESS WIRE)–Nextracker (Nasdaq: NXT), a global leader in solar tracker technology, today announced it has shipped and delivered the industry\u2019s first U.S.-manufactured solar trackers in the United States which are expected to achieve 100% domestic content value for solar trackers under the Inflation Reduction Act (IRA).1 The first project to receive these domestic content trackers is SB Energy\u2019s Pelican\u2019s Jaw project. 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