Nextpower Releases Fiscal Year 2026 Sustainability Report, Highlights SBTi Validation and 12% Reduction in Scope 3 Emissions Intensity

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Company expands independent third-party assurance, integrated technology systems, and use of lower-carbon steel

FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today published its fiscal year 2026 Sustainability Report, highlighting its environmental, social, and governance (ESG) progress across its operations, global supply chain, products, and expanding technology solutions platform.

Nextpower Releases Fiscal Year 2026 Sustainability Report

The company’s third annual report, and the first published under the Nextpower brand, highlights the validation of the company’s climate targets by the Science Based Targets initiative (SBTi), expanded independent third-party assurance across scope 1, 2, and 3 GHG emissions, and continued investment in lower-carbon materials, product innovation, and responsible supply chain operations. It also details a 12% reduction in Scope 3 emissions intensity compared with FY2025 levels due in part to the use of lower carbon electric arc furnace (EAF) steel in its products. The report also expands the depth and transparency of its ESG disclosures.

“Sustainability is embedded in how we engineer products, operate our business, and create long-term value for our customers," said Lindsey Wiedmann, chief legal and compliance officer, Nextpower. "This year’s report demonstrates measurable progress stemming from our focus on product innovation, disciplined execution, and supply chain quality across a global network of over 100 partner manufacturing facilities. These efforts help reduce environmental impact while enabling our customers to build faster, operate more reliably, and improve the long-term economics of critical power infrastructure."

Since the close of FY2026, Nextpower has also received higher ratings from two third-party ESG rating organizations. In July 2026, the company’s ISS STOXX ESG Corporate Rating improved from C+ to B-, maintained Prime status, and achieved a Decile Rank of 1 within its applicable industry classification. The company’s MSCI ESG Rating increased from A to AA, placing Nextpower in MSCI’s “Leader” category among 180 companies in the electrical equipment industry.

Download the full FY2026 Sustainability Report.

Key Highlights

Responsible Products and Supply Chain

• Increased utilization of lower-carbon electric arc furnace (EAF) steel across Nextpower products
• Showed greater renewable energy adoption among suppliers, lower-carbon logistics solutions, and packaging optimization

GHG Emissions and Accountability

Nextpower strengthened the targets, transparency, and accountability supporting its climate program during FY2026, including:

• Received validation from the Science Based Targets initiative (SBTi) for targets to reduce absolute Scope 1 and 2 emissions by 58.8% and Scope 3 emissions by 63.8% per MW of solar tracker systems sold by FY2035
• Reduced Scope 3 emissions intensity by 12% compared with FY2025 levels per MW of solar tracker systems sold
• Expanded independent third-party limited assurance over greenhouse gas emissions inventory to include Scope 3, which currently represents the majority of the company's reported GHG footprint
• Incorporated SBTi commitments into its corporate goals and performance-based executive compensation framework, strengthening management’s accountability for progress against the company’s climate targets

People and Culture

• Volunteered and funded delivery of solar-powered lighting, battery storage, and refrigeration for 50 families in the Navajo Nation and the Hopi Tribe near Holbrook and Chinle, Arizona, with EPC customer SOLV Energy and the Skip the Grid initiative
• Partnered with SD Foundation to provide scholarships to 213 students across India pursuing graduate degrees in science, engineering, and computer applications
• Continued collaboration with the United Way of Hyderabad through the Rural Forestry Project and other projects, including planting nearly 4,500 native saplings and installing solar-powered LED streetlights in remote areas with limited grid access

Download the FY26 Sustainability Report. For additional information about Nextpower's sustainability program, visit www.nextpower.com/sustainability or reach out to the ESG team at esg@nextpower.com.

About Nextpower

Nextpower^™ (Nasdaq: NXT) innovates and delivers integrated technology solutions for modern energy infrastructure. Its solar and energy storage platforms help customers design, build, and operate utility-scale power plants and other critical power infrastructure with faster project delivery, improved system performance, greater reliability, and long-term operational value. Building on more than a decade of energy technology leadership, Nextpower partners with customers worldwide to accelerate the deployment of reliable firm power needed for a rapidly electrifying world. 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 without limitation, statements relating to: Nextpower’s sustainability strategy, climate targets, emission reductions, and expected progress toward its FY2035 targets; the validation of Nextpower’s climate targets by the Science Based Targets initiative and related third-party assurances; Nextpower’s past and future investment in lower-carbon materials and future reductions in emissions; and the potential benefits of Nextpower’s ESG strategies, including product innovations and customer benefits. 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: our ability to execute our strategies, mission, plans, objectives and goals; our ability to integrate our recently completed acquisitions and to realize their anticipated benefits and synergies; the market demand for our products, solutions and services and our ability to deliver them to customers; projections regarding the U.S. and global demand for electricity and solar power; macro-economic trends; changes in emissions-measurement methodologies; technological developments; Nextpower’s ability to implement its sustainability initiatives and achieve its climate targets; changing business conditions in our industry and markets overall; and legislative, regulatory and economic developments. These forward-looking statements are based on various assumptions and on the current expectations of Nextpower’s management. 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/20260901636368/en/

Investor Relations Contact
Sarah Lee
investor@nextpower.com

Media Contact
Brandy Lee
media@nextpower.com

Source: Nextpower

Key Terms

sbti technical

An independent initiative that reviews and approves corporate plans to cut greenhouse gas emissions so they align with science-based limits on global warming. For investors, an SBTi-approved target is like a certified roadmap: it signals a company is measuring its climate risks, setting credible reduction goals, and may be better positioned to avoid future regulatory, physical, or reputational costs tied to climate change.

scope 3 emissions technical

Scope 3 emissions are greenhouse gases produced indirectly by a company’s value chain—everything from the materials it buys and the goods it ships to how customers use or dispose of its products. Think of it as the full “carbon footprint” beyond a company’s own operations; investors watch it because these hidden emissions can signal future regulatory costs, supply-chain risks, reputational exposure, and opportunities for efficiency that affect long‑term profitability.

electric arc furnace (eaf) steel technical

Electric arc furnace (EAF) steel is steel produced by melting scrap metal or iron in a furnace that uses powerful electric arcs instead of burning coal or coke. For investors, EAF steel matters because the process is typically faster, uses different raw materials, has lower carbon emissions and different cost drivers than traditional blast-furnace steel, so it affects profitability, supply flexibility and environmental risk for steelmakers.

third-party limited assurance regulatory

An independent external review in which a qualified third party performs limited procedures to check specific facts, figures or disclosures and issues a report that offers modest confidence the information is free of material misstatement. It matters to investors because it provides an objective, but not exhaustive, check—think of it like a basic health screening rather than a full medical exam—so the reviewer may not detect all errors or omissions.