Nextpower Enters Multi-Year Gigawatt-Scale Steel Frame Supply Agreement with Jinko Solar (U.S.) Industries Inc. for Advanced Solar Modules

Key Terms

gigawatt technical

A gigawatt is a unit of power equal to one billion watts, used to describe how much electricity can be produced or used at a given moment. For investors, gigawatts signal the scale of power projects or generation capacity—similar to saying a factory can run the equivalent of hundreds of thousands of homes at once—which affects revenue potential, project valuation, grid impact and a company’s competitive position in the energy market.

utility-scale technical

Large-scale infrastructure, usually for electricity generation or storage, built to supply power to the public grid rather than to a single home or small business. Think of it as a factory-sized plant versus a backyard installation: it requires much more capital, land and permitting but can sell large volumes of power under long-term contracts, so investors care because it offers predictable, utility-level revenue streams, different risk profiles and regulatory exposure compared with small projects.

torsional stiffness technical

Torsional stiffness measures how much an object resists being twisted — the stronger the resistance, the less it angularly deforms under a given twisting force. For investors, it matters because higher torsional stiffness usually means better performance, durability and safety in products such as vehicle chassis, drivetrains, industrial machinery and turbines, which can affect manufacturing costs, warranty claims and market competitiveness; think of it like how a stiff spoon holds shape when you twist it versus a floppy one.

mechanical load technical

Mechanical load is the physical force, weight or stress placed on a machine, device or structure while it works — think of the weight you carry in a backpack or the cars driving over a bridge. For investors, it matters because how much load a product can handle affects reliability, safety, maintenance costs, warranty claims and regulatory approvals, all of which influence a product’s marketability, lifespan and the company’s future expenses and revenue.

Company Plans to Expand Steel Frames Manufacturing Capacity in the Southeast U.S.

FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (NASDAQ: NXT), a leading provider of intelligent power generation technology and solutions for solar power plants, today announced its second major commercial order for U.S.-manufactured steel module frames, entering into a multi-year supply agreement with Jinko Solar (U.S.) Industries Inc. (NYSE: JKS), one of the longest operating solar module manufacturers in the United States.

Under the agreement, Nextpower plans to supply more than one gigawatt (GW) of steel frames, scalable to up to 3 GW over a three-year period, to support module manufacturing in Jinko Solar’s Jacksonville, Fla. facility, with production expected mid-2026. This supply arrangement helps underscore the growing market adoption of steel frames as a more structurally durable, cost-effective solution for tier-one solar modules while further localizing the U.S. supply chain.

For developers, U.S.-made steel frames add six percent to a tracker project’s domestic content calculation, according to U.S. Treasury Department guidance.

“Arevon is excited about Nextpower’s introduction of advanced solar module frames that enhance module durability and are designed and manufactured in the USA,” said Justin Johnson, COO of Arevon, a utility-scale solar developer. “Nextpower’s focus on component and system reliability is greatly welcomed for solar projects, especially in areas of extreme weather.”

“This agreement with Jinko Solar represents clear market validation of steel frames as a reliable and cost-effective solution that supports both module durability and U.S. manufacturing priorities,” said Dan Shugar, founder and CEO of Nextpower. “It also reinforces how the U.S. solar industry is industrializing, aligning domestic manufacturing, policy incentives, and proven technology at gigawatt scale.”

To simplify project logistics and reinforce the domestic supply chain, Nextpower plans to further expand its steel frame manufacturing presence in the Southeastern United States to enable direct supply to the Jinko Solar U.S. facility in Jacksonville. This strategy follows Nextpower’s recent expansion of its steel component manufacturing capacity in Memphis – one of more than 25 U.S. factories Nextpower has opened or expanded since 2021.

“Improving module durability and strengthening domestic supply chains are closely linked priorities and areas where Jinko Solar has long been a leader,” said Nigel Cockroft, General Manager at Jinko Solar (U.S.) Industries Inc. “From our fourth generation extreme weather module platform to our Jacksonville facility, which has operated since 2018, we have consistently invested ahead of the market. Partnering with Nextpower to integrate domestically produced steel frames into our U.S. modules is a natural extension of that leadership, aligning with U.S. manufacturing priorities, while delivering greater durability at scale for customers and the broader solar industry.”

Industry-wide reliability data is increasingly shaping procurement decisions for utility-scale solar projects. Independent testing has demonstrated the structural advantages of steel frames, including improved torsional stiffness and reduced deflection under mechanical load—key factors in supporting long-term module reliability.

Nextpower Advanced Frames at Intersolar North America 2026

For sales queries, or to meet with a Nextpower steel frame technology expert at Intersolar Solar North America (San Diego, February 18-20, 2026), contact insidesales@nextpower.com. You can also see Nextpower’s steel frame technology on display this week at the Jinko Solar booth #3017 on the show floor.

About Nextpower (formerly Nextracker)

Nextpower™ (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global electricity demand. Nextpower partners with the world’s leading energy companies to power what’s next. Learn more at www.nextpower.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including: statements regarding the potential benefits from the steel frame supply agreement; statements regarding the potential amount of steel frames to be delivered under the supply agreement; statements regarding the market adoption, durability, reliability and cost effectiveness of steel frames; statements regarding the ability for steel frames to support module durability and domestic content; and statements regarding Nextpower’s ability under the steel frame supply agreement to meet project-specific structural and economic requirements. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including, but not limited to: the market demand for products, solutions and services; unexpected costs, charges or expenses resulting from the steel frame supply agreement; potential adverse reactions or changes to business relationships resulting from the announcement; projections regarding the global demand for electricity and solar power; macro-economic trends; and legislative, regulatory and economic developments, including changing business conditions in our industry or markets overall and the economy in general. 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 that are also described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Nextpower’s most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextpower has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextpower is not aware of or that Nextpower currently believes are immaterial that could also cause actual results to differ from these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextpower assumes no obligation to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217543196/en/

Media Contacts

Alex Peterson

Tigercomm (on behalf of Nextpower)

alex@tigercomm.us

+1.203.313.7699

Brandy Lee

+1.408.930.6186

Media@nextpower.com

Investor Relations Contact

Sarah Lee

Investor@nextpower.com

Source: Nextpower