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Nextracker and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple Capacity for Solar Energy Projects
U.S. clean energy incentives revitalize American manufacturing at JM Steel historic manufacturing facility in Pittsburgh, achieving 4 GW of
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[{"type":"text","content":"\nU.S. clean energy incentives revitalize American manufacturing at JM Steel historic manufacturing facility in Pittsburgh, achieving 4 GW of Nextracker-dedicated annualized capacity\n\n\n PITTSBURGH--(BUSINESS WIRE)--\nNextracker (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, and JENNMAR Holdings (\"JENNMAR”) subsidiary JM Steel, a premier steel processing provider, jointly announced the completion of a major expansion of Nextracker-dedicated manufacturing lines at JM Steel’s Leetsdale steel facility achieving 4 GW of capacity.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240426606596/en/A factory worker on the Nextracker-dedicated line at JM Steel’s Leetsdale steel facility. (Photo: Nextracker)\nInaugurated and reopened in 2022, the refurbished historic factory produces American-made, critical steel components to support rising demand for solar energy across Pennsylvania and the mid-Atlantic, which employs thousands of construction workers across multiple states in the Midwest region.\n\n\nThe expansion more than doubles the facility’s production capacity and demonstrates JENNMAR’s commitment to investing heavily in the U.S. solar energy industry. The acility now features cutting-edge technology including state-of-the-art solar tube lines with automated drilling and swedging. With this most recent expansion in Leetsdale, JENNMAR’s growth capital investment in support of the U.S. solar industry has exceeded $100 million over the last four years.\n\n\nFor Nextracker, this latest expansion also marks 20 new or expanded U.S. manufacturing partner facilities since 2021 and enables the company to provide over 25 GW of U.S. solar tracker capacity each year.\n\n\n“We are thrilled to be partnered with JM Steel and celebrate the expansion of the Pittsburgh facility to serve customer demand. This facility is also expected to produce core components of our new low carbon tracker offering announced this week,” said Dan Shugar, founder and CEO of Nextracker. “The U.S. solar market is continuing to demonstrate strong growth. The U.S. Energy Information Administration has forecasted solar to grow 26% on an annual compounded rate and be the number one source of energy in the U.S. within a decade.”\n\n\n“We are proud to announce the expansi...