At The smarter E Europe in Munich, NextPower CEO Dan Shugar discussed the company’s transformation from a solar tracker specialist into a broader clean energy technology provider, explaining how recent acquisitions in inverters, battery storage and mounting systems fit into a customer-driven strategy.
NextPower, formerly known as Nextracker, is rapidly broadening its portfolio beyond solar trackers through a series of acquisitions and new product launches. Speaking with pv magazine at The smarter E Europe exhibition in Munich, CEO Dan Shugar said the company’s expansion is driven by customer demand rather than a desire to become a supplier of every component in the solar value chain.
“What we’ve done is add technology, manufacturing and solutions for customers in response to what their needs are,” Shugar told pv magazine. “We ask customers, ‘What are your pain points?’”
According to Shugar, NextPower now covers nearly every major component of utility-scale solar and storage systems except photovoltaic modules and battery cells.
“NextPower is essentially doing everything in storage and solar except making the module in the case of solar, and making the battery module in the case of storage,” he said. “It’s really resulting in better products, more efficient design, faster fulfillment and ultimately a better customer experience during project delivery.”
