Business
Nextracker Maintains Strong Global Momentum in FY23 Q4
Demand for performance enhancing software and “light on land” trackers for extreme terrain, spurs deals across five continents FREMONT, Calif.--(BUSINESS
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[{"type":"text","content":"\nDemand for performance enhancing software and “light on land” trackers for extreme terrain, spurs deals across five continents\n\n\n FREMONT, Calif.--(BUSINESS WIRE)--\nEarlier today, Nextracker Inc. (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, announced its first quarterly earnings as a public company. The fiscal Q4 earnings announcement underscores the significant and continued market demand for Nextracker’s solar solutions.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230510006027/en/Atlas Renewable Energy’s La Pimienta solar project in Mexico features NX Horizon™ solar tracker, to deploy TrueCapture™ optimization software (Photo: Atlas Renewable Energy)\n“At Nextracker we’re laser-focused on delivering customer value with the most reliable and highest performing systems,” said Dan Shugar, Nextracker CEO and founder. “Our customers need ways to optimize solar power projects and overcome technical challenges. They come to us because they know we can execute with leading technology and a talented global team of experts, delivering on performance and profitability.”\n\n\nNextracker is off to a strong start in calendar year 2023. The company signed or announced a selection of notable global projects during FY23 Q4 including:\n\n\nNew South Wales, Australia – In March, Project engineering, procurement, and construction (EPC) company, PCL Construction, and developer ACEN Australia, selected Nextracker for the 520 MW Stubbo solar power plant project based on the strength of its local market expertise and portfolio, as well as NX Horizon-XTR’s suitability to be constructed on the site’s uneven, rocky land, while significantly reducing cut and fill earthworks, reducing pier lengths, accelerating the project construction schedule.\n\n\n“We’re delighted to be working with Nextracker on this landmark project for Australia,” said Gopi Govindraj, Country Manager, PCL Construction. “The Stubbo Solar project site presents an engineering challenge with its ground conditions, coupled with plans for sheep to cohabitate on the site, requiring a fast recovery of vegetation post-construction. Nextracker’s expertise and partnership on achieving these goals, as well as NX Horizon-XTR’s ability to bypass most of the groundworks, help us to ov...