Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

Nextracker Becomes Nextpower, Marks Shift Toward Integrated Clean Energy Technology Solutions

Nextracker has unveiled a major strategic evolution with its rebranding to Nextpower, reflecting its transition from the world’s leading solar tracker company into a global provider of integrated clean energy technologies. The new name represents the company’s expanded mission to deliver a complete, technology-driven platform for utility-scale solar power plants.

Under the Nextpower identity, the company is broadening its ecosystem to unify structural, electrical, and digital technologies, enabling seamless support for solar projects throughout their entire lifecycle—from early design and construction to long-term operations and maintenance. As part of this transformation, the company also announced the development of a new line of utility-scale power conversion systems (PCS), which will begin shipping in 2026.

“Customers want comprehensive, streamlined solutions that accelerate installation, elevate performance, and enhance reliability,” said Dan Shugar, Founder and CEO of Nextpower. “We’ve spent years building a technology platform that delivers value across the solar ecosystem. Our new name captures this evolution and our commitment to enabling the next generation of clean energy systems.”

The rebranding comes at a time when global electricity consumption is surging due to the rapid expansion of AI, data centers, electric mobility, and building electrification. The International Energy Agency notes that by 2030, U.S. data centers alone could consume more electricity than all domestic energy-intensive manufacturing sectors combined.

Shugar emphasized that Nextpower is drawing on its long-standing expertise in solar tracking to scale into synergistic domains including PCS technology, robotics, and artificial intelligence. “We are in an electricity super-cycle, with solar leading global capacity additions at the lowest cost. Our expanded platform is designed to meet the scale, reliability, and complexity of today’s utility-scale solar plants,” he said.

During its Capital Markets Day, Nextpower reaffirmed its FY26 guidance and introduced forecasts for FY27 along with long-term financial goals. The company targets USD 4.8–5.6 billion in revenue by FY30, with nearly one-third expected from non-tracking products and services—highlighting the success of its diversification strategy.

“Our long-term financial targets reflect strong confidence in Nextpower’s growth pathway,” said Chuck Boynton, CFO. “We anticipate sustained revenue expansion, robust cash flows, and ongoing investments in advanced technologies, all while maintaining a strong balance sheet and disciplined operations.”