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Nextpower Inc. develops intelligent power generation technology and integrated solutions for solar power plants, including solar tracking systems, software-enabled controls and steel module frame technology. News about Nextpower commonly centers on financial results, project and customer awards, supply agreements, regional manufacturing partnerships, and the expansion of its solar technology platform.
Company updates also cover NX Horizon® tracking systems, advanced stow and resilience capabilities, low-carbon tracker initiatives, the Nextpower Arabia joint venture, sustainability targets, credit ratings and capital actions such as share repurchase authorization. The company was formerly Nextracker Inc. before its completed corporate name change to Nextpower Inc.
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Nextracker (Nasdaq: NXT), a leader in intelligent solar trackers and software solutions, has expanded its Board of Directors from eleven to thirteen members, adding Brandi Thomas and Kyra Whitten as new directors effective April 25, 2023. Brandi Thomas brings a strong financial background, currently serving as Vice President and Chief Audit Executive at General Electric, while Kyra Whitten has a robust marketing and corporate affairs expertise, currently holding the position of Senior Vice President at Flex. CEO Dan Shugar expressed confidence that their diverse skills in finance, audit, marketing, communications, and diversity will enhance the Board's capabilities.
Nextracker has secured a contract with Sterling and Wilson Renewable Energy Limited to provide its innovative solar tracker technology for NTPC Renewable Energy Limited's 1.255GW Solar PV Project at Khavda RE Park, Gujarat. This partnership is part of a broader 1.568 GWp project aimed at boosting India's renewable energy targets, which includes a commitment to manufacture 75% of system components locally. Scheduled to begin operations by mid-2024, the project enhances Nextracker's capacity in India, where it operates five gigawatts of manufacturing annually, supporting the country's goal of achieving 500 GW of renewable energy by 2030.