Nextracker Rebrands as Nextpower

Nextracker has rebranded as Nextpower, marking a strategic move to reflect its broader focus beyond solar tracking. The company also announced the development of a new power conversion product line to expand its integrated clean energy solutions portfolio.

November 13, 2025. By News Bureau

Nextracker announced its corporate rebranding to Nextpower, marking its transformation into a global supplier of fully integrated energy technology solutions. The new brand reflects Nextracker’s evolution from the global leader in solar tracking into a full-platform company, delivering an integrated portfolio of advanced technologies and services for utility-scale solar power plants.

Nextpower delivers an integrated, connected ecosystem spanning structural, electrical, and digital solutions across the full lifecycle of advanced power plants—from design and construction through operations and maintenance. As part of its expanding technology platform, Nextpower announced the development of a new line of utility-scale power conversion systems with first shipments expected in 2026.

“Our customers want coherent, integrated solutions that install faster, perform better, and operate more reliably over their lifetime. Over the past several years, we have been systematically executing a strategy to expand our portfolio and create a comprehensive technology platform that delivers significant benefits across the solar value chain,” said Dan Shugar, Founder and CEO, Nextpower.

Nextpower’s rebranding comes at a pivotal moment as global electricity demand accelerates, driven by the rapid rise of Artificial Intelligence (AI) and data centres, electric transportation, and the electrification of buildings. According to the International Energy Agency, US data centres will consume more electricity than all domestic energy-intensive manufacturing combined by 2030.

Shugar continued, “Our new name reflects this transformation. Nextpower is building on decades of leadership in solar tracking, creating a leading integrated technology platform to support the world’s most advanced clean energy systems. The world is in an electricity super-cycle, and solar is the primary driver, adding more capacity than any other source, at lower cost. As we expand into Power Conversion Systems (PCS), robotics, and AI, we’re enabling customer solutions engineered for the scale, reliability, and complexity of today’s solar power plants.”

In conjunction with the company’s Capital Markets Day being held today, Nextpower reaffirms its FY26 outlook and announces its FY27 outlook and long-term financial targets, including USD 4.8 billion to USD 5.6 billion in revenue by FY30, with approximately one-third of revenue expected to come from sales of non-tracker products and services.

“Our multi-year financial targets' reflect our confidence in Nextpower’s growth trajectory and the strength of our business model. We expect to deliver continued top-line growth, expand cash generation, and fund ongoing investments in growth while maintaining healthy margins and a fortress balance sheet through disciplined execution and operational efficiency,” said Chuck Boynton, CFO, Nextpower.

Tags: