MELBOURNE, Australia--(BUSINESS WIRE)--Oct 27, 2025--
Nextracker (Nasdaq: NXT), a leading solar technology platform provider, today announced the launch of its NX Earth Truss ® foundation solution in Australia, supported by a grant from the Australian Renewable Energy Agency (ARENA) to accelerate large-scale solar in the country.
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With support from ARENA, and working with leading Australian developers, EPCs, and installation partners, Nextracker aims to cut the cost and complexity of building large-scale solar projects on challenging terrain such as hard or rocky soils. By overcoming these barriers, NX Earth Truss expands Australia’s solar siting potential, easing land-use constraints and accelerating project timelines. With increased automation and lighter labour requirements, NX Earth Truss also improves the viability of building in remote project sites, opening new opportunities for utility-scale solar developments that might otherwise face delays or environmental limitations.
“ARENA is committed to supporting technologies that expand Australia’s renewable energy options,” said Darren Miller, CEO of ARENA. “By making previously unusable land viable for solar development, Nextracker’s innovative Earth Truss technology can help fast-track project delivery and broaden opportunities for investors and communities alike.”
At the core of Nextracker’s system is the NX Truss Driver™, a semi-autonomous drilling machine equipped with precision GNSS controls and unique drill-and-drive technology. It installs NX Earth Truss foundations in a single pass, reducing labour hours, eliminating rework, and de-risking construction timelines — a critical advantage as Australia races to deploy renewables at unprecedented speed.
“We greatly appreciate ARENA’s leadership and support in driving next-generation renewable energy solutions like Nextracker’s Earth Truss here in Australia,” said Peter Wheale, vice president and general manager of Nextracker Australia, New Zealand, and Southeast Asia. “NX Earth Truss is a breakthrough for the Australian solar market. By unlocking new categories of land, we’re giving developers and EPCs greater flexibility and reduced project risk while helping Australia accelerate its clean energy transition.”
Nextracker has led Australia’s solar tracker market since 2016, with more than 10 GW of systems delivered or under construction. The company’s partnerships with Orrcon Steel and Baojia, supported by the Queensland Government, continue to strengthen local manufacturing, supply chain resilience, and workforce development across the Australian energy sector.
The NX Earth Truss ® foundation solution advances Nextracker’s light-on-land approach by minimizing grading and preserving natural vegetation, while also accelerating construction with intelligent geotechnical engineering, optimized structural design, and advanced machinery.
Australia marks the first deployment of the system outside of North America following the launch of Nextracker’s comprehensive foundation solutions portfolio for all soil conditions in North America last year. The technology is engineered for challenging soil conditions common across Australian project sites, offering an innovative solution to large-scale solar project construction.
For more information, visit Nextracker at booth M113 at the All Energy Australia tradeshow from 29-30 October, 2025 in Melbourne. For more information or to inquire about the Nextracker foundation solutions portfolio, contact insidesales@nextracker.com.
About Nextracker
Nextracker innovates and delivers a leading solar power technology platform with integrated tracker, electrical solutions, and yield management and control systems for utility-scale and distributed generation projects. Our advanced technology enables solar power plants to follow the sun’s movement across the sky and optimize performance. With systems operating in more than 40 countries worldwide, Nextracker offers innovative solutions that accelerate solar power plant construction, increase energy output, and enhance long-term reliability. For more information, visit Nextracker.
Nextracker's NX Earth Truss foundation solutions are engineered for rocky and hard soil conditions for utility-scale solar development
Federal Reserve Chair Jerome Powellsaid Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations.
The move represents an unprecedented escalation in President Donald Trump’s battle with the Fed, an independent agency he's repeatedly attacked for not cutting its key interest rate as sharply as he prefers. The renewed fight will likely rattle financial markets Monday and could over time escalate borrowing costs for mortgages and other loans.
The subpoenas relate to Powell’s testimony before the Senate Banking Committee in June, the Fed chair said, regarding the Fed’s $2.5 billion renovation of two office buildings, a project Trump has criticized as excessive.
Here's the latest:
Stocks are falling on Wall Street after Federal Reserve Chair Jerome Powell said the Department of Justice had served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed’s building renovations.
The S&P 500 fell 0.3% in early trading Monday. The Dow Jones Industrial Average lost 384 points, or 0.8%, and the Nasdaq composite fell 0.2%.
Powell characterized the threat of criminal charges as pretexts to undermine the Fed’s independence in setting interest rates, its main tool for fighting inflation. The threat is the latest escalation in President Trump’s feud with the Fed.
▶ Read more about the financial markets
She says she had “a very good conversation” with Trump on Monday morning about topics including “security with respect to our sovereignties.”
Last week, Sheinbaum had said she was seeking a conversation with Trump or U.S. Secretary of State Marco Rubio after the U.S. president made comments in an interview that he was ready to confront drug cartels on the ground and repeated the accusation that cartels were running Mexico.
Trump’s offers of using U.S. forces against Mexican cartels took on a new weight after the Trump administration deposed Venezuelan President Nicolás Maduro. Sheinbaum was expected to share more about their conversation later Monday.
A leader of the Canadian government is visiting China this week for the first time in nearly a decade, a bid to rebuild his country’s fractured relations with the world’s second-largest economy — and reduce Canada’s dependence on the United States, its neighbor and until recently one of its most supportive and unswerving allies.
The push by Prime Minster Mark Carney, who arrives Wednesday, is part of a major rethink as ties sour with the United States — the world’s No. 1 economy and long the largest trading partner for Canada by far.
Carney aims to double Canada’s non-U.S. exports in the next decade in the face of President Trump’s tariffs and the American leader’s musing that Canada could become “the 51st state.”
▶ Read more about relations between Canada and China
The comment by a Chinese Foreign Ministry spokesperson came in response to a question at a regular daily briefing. President Trump has said he would like to make a deal to acquire Greenland, a semiautonomous region of NATO ally Denmark, to prevent Russia or China from taking it over.
Tensions have grown between Washington, Denmark and Greenland this month as Trump and his administration push the issue and the White House considers a range of options, including military force, to acquire the vast Arctic island.
Danish Prime Minister Mette Frederiksen has warned that an American takeover of Greenland would mark the end of NATO.
▶ Read more about the U.S. and Greenland
Trump said Sunday that he is “inclined” to keep ExxonMobil out of Venezuela after its top executive was skeptical about oil investment efforts in the country after the toppling of former President Nicolás Maduro.
“I didn’t like Exxon’s response,” Trump said to reporters on Air Force One as he departed West Palm Beach, Florida. “They’re playing too cute.”
During a meeting Friday with oil executives, Trump tried to assuage the concerns of the companies and said they would be dealing directly with the U.S., rather than the Venezuelan government.
Some, however, weren’t convinced.
“If we look at the commercial constructs and frameworks in place today in Venezuela, today it’s uninvestable,” said Darren Woods, CEO of ExxonMobil, the largest U.S. oil company.
An ExxonMobil spokesperson did not immediately respond Sunday to a request for comment.
▶ Read more about Trump’s comments on ExxonMobil
Trump’s motorcade took a different route than usual to the airport as he was departing Florida on Sunday due to a “suspicious object,” according to the White House.
The object, which the White House did not describe, was discovered during security sweeps in advance of Trump’s arrival at Palm Beach International Airport.
“A further investigation was warranted and the presidential motorcade route was adjusted accordingly,” White House press secretary Karoline Leavitt said in a statement Sunday.
The president, when asked about the package by reporters, said, “I know nothing about it.”
Anthony Guglielmi, the spokesman for U.S. Secret Service, said the secondary route was taken just as a precaution and that “that is standard protocol.”
▶ Read more about the “suspicious object”
Trump said Iran wants to negotiate with Washington after his threat to strike the Islamic Republic over its bloody crackdown on protesters, a move coming as activists said Monday the death toll in the nationwide demonstrations rose to at least 544.
Iran had no direct reaction to Trump’s comments, which came after the foreign minister of Oman — long an interlocutor between Washington and Tehran — traveled to Iran this weekend. It also remains unclear just what Iran could promise, particularly as Trump has set strict demands over its nuclear program and its ballistic missile arsenal, which Tehran insists is crucial for its national defense.
Iranian Foreign Minister Abbas Araghchi, speaking to foreign diplomats in Tehran, insisted “the situation has come under total control” in fiery remarks that blamed Israel and the U.S. for the violence, without offering evidence.
▶ Read more about the possible negotiations and follow live updates
Fed Chair Powell said Sunday the DOJ has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony this summer about the Fed’s building renovations.
The move represents an unprecedented escalation in Trump’s battle with the Fed, an independent agency he has repeatedly attacked for not cutting its key interest rate as sharply as he prefers. The renewed fight will likely rattle financial markets Monday and could over time escalate borrowing costs for mortgages and other loans.
The subpoenas relate to Powell’s testimony before the Senate Banking Committee in June, the Fed chair said, regarding the Fed’s $2.5 billion renovation of two office buildings, a project that Trump has criticized as excessive.
Powell on Sunday cast off what has up to this point been a restrained approach to Trump’s criticisms and personal insults, which he has mostly ignored. Instead, Powell issued a video statement in which he bluntly characterized the threat of criminal charges as simple “pretexts” to undermine the Fed’s independence when it comes to setting interest rates.
▶ Read more about the subpoenas
President Donald Trump speaks to reporters while in flight on Air Force One to Joint Base Andrews, Md., Sunday, Jan. 11, 2026. (AP Photo/Julia Demaree Nikhinson)
President Donald Trump waves after arriving on Air Force One from Florida, Sunday, Jan. 11, 2026, at Joint Base Andrews, Md. (AP Photo/Julia Demaree Nikhinson)
