Nextpower to Showcase Expanded Power Technology and Services Platform at RE+ 2026

FREMONT, Calif.--(BUSINESS WIRE)--Nov 12, 2026--

Nextpower™ (Nasdaq: NXT), a leading provider of clean power generation and energy storage solutions, will introduce new lifecycle services and showcase a series of product and commercial milestones across solar generation, power collection and conversion, and energy storage at RE+ 2026.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261112912644/en/

One year after becoming Nextpower (formerly Nextracker), the company will demonstrate how its solutions support modern energy infrastructure, from utility-scale power plants to behind-the-meter power systems. Nextpower’s integrated power technology platform is designed to help improve project economics at multiple points in the lifecycle—from accelerating installation and increasing energy production to improving long-term performance and reducing operating and weather-related risk.

In 2025, technology based on Nextpower’s platform supported approximately 30% of all new U.S. power generation capacity added to the grid, underscoring the scale at which the company’s technologies are being deployed.

“The world needs more electricity, and the infrastructure required to deliver it at scale is becoming more complex,” said Dan Shugar, founder and CEO of Nextpower. “We continue to find new ways to solve that complexity and drive greater value for our customers. Beyond our roots in the solar power industry, we are also now solving challenges for a broader set of industrial applications including AI data centers, where customers are looking for bankable technology partners that can bring innovative solutions and stand behind them for the full lifecycle.”

“At RE+ 2026, we're putting our power technology platform on full display with new products and technologies, a consolidated new services business, and more commercial deployments at scale. This is why we say ‘What’s Next is Here.’” Watch our video for an overview of Nextpower's power technology platform.

Introducing Nextpower Services

Nextpower’s expanded services business spans design, deployment, and operations, combining robotic services, field operations, tools and specialized expertise, as well as software and data intelligence to help customers streamline construction, maximize energy production, proactively identify issues, and work to reduce operating risk across the power plant. At RE+, the company will showcase new robotic technology enabled services, including new panel-cleaning robots that are entering commercial-scale deployment and a panel soiling monitor solution already fully commercialized. Watch our video to see these new technologies in action.

Power Conversion

Nextpower’s power conversion systems for utility-scale solar and energy storage applications are now shipping, with U.S. domestic manufacturing ramping to meet a multi-GW backlog. A deeper explanation of the company's modular, cyber-secure power conversion products and customer-enabled service program can be found on the Nextpower blog.

Energy Storage Systems

Nextpower’s energy storage systems combine integrated battery technology in AC or DC blocks with intelligent power controls, including its Hybrid Power Stabilizer (HPS) for behind-the-meter data center applications. Nextpower recently received a Certificate of Approval from the New York City Fire Department (FDNY), following a rigorous review process for battery energy storage system safety. More information on the role of energy storage systems with power stabilization capabilities for AI data centers can be found on the Nextpower blog.

Trackers, Foundations, and Enabling Construction Automation

Electrical Balance of Systems (eBOS)

Nextpower is introducing a tracker-integrated wire management system featuring pre-installed components at RE+. This offering expands Nextpower’s eBOS portfolio, which includes both string combiner and trunk solutions, including its patented NX PowerMerge™ trunk bus system, now at commercial scale deployment. More information on the value of integrating eBOS design into early stage project engineering can be found on the Nextpower blog.

Advanced Module Frames

Nextpower’s advanced NX CoreFrame™ is now shipping, with multiple new U.S. partner factories coming online for an aggregate U.S. steel frame production capacity of over 6.5 GW expected in 2027. NX CoreFrame will be on display at multiple solar module customer booths at RE+ 2026. More details on structural, economic, and supply-chain advantages of advanced steel frames can be found in this whitepaper.

What's Next Is at RE+ 2026

Nextpower will showcase its integrated technology platform at RE+ 2026, Nov. 16-19, at the Las Vegas Convention Center. Visit the main Nextpower booth ( N1104 ) to explore solutions spanning solar, power conversion, software and services, and stop by the energy storage booth ( W17131 ) to see how storage and power stabilization fit into the platform. To arrange a demo in the Innovation Showroom, please contact your Nextpower representative. Visit the Nextpower RE+ landing page for event news, resources, and a full speaker schedule.

Nextpower Capital Markets Day

Nextpower will host its Capital Markets Day in Las Vegas on Monday, November 16, beginning at 3 p.m. Pacific Time. Due to limited capacity, attendance in person is by invitation only. To register for the live webcast, visit Nextpower's investor website.

About Nextpower

Nextpower™ (Nasdaq: NXT) innovates and delivers integrated technology solutions for modern energy infrastructure. Its solar and energy storage platforms help customers design, build, and operate utility-scale power plants and other critical power infrastructure with faster project delivery, improved system performance, greater reliability, and long-term operational value. Building on more than a decade of energy technology leadership, Nextpower partners with customers worldwide to accelerate the deployment of reliable firm power needed for a rapidly electrifying world. Learn more at www.nextpower.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements relating to: the trends for energy demand and future solar adoption; the demand for our products (including but not limited to trackers, foundations, eBOS, NX PowerMerge™, fixed-tilt and structural solutions and our other products and our bundled solutions); the ability to grow our core tracker business, our bookings and backlog, including our ability to convert our backlog into revenue; statements regarding our ability to support modern energy infrastructure; statements regarding the Company’s ability to improve project economics, to accelerate installation and to increase energy production; statements regarding the ability of our products to improve long-term performance and reduce operating and weather-related risk; statements regarding our ability to drive value for our customers; our expansion into energy storage solutions, data center power infrastructure and our ability to provide integrated solutions across solar, energy storage and data center applications; statements regarding the expansion of our lifecycle services business, the timing and scale of product launches and commercial deployments, including robotic services, and the anticipated benefits of our products, services and construction automation solutions; statements regarding our U.S. power conversion manufacturing ramp and our ability to fulfill our backlog; statements regarding the timing of new U.S. partner factories coming online and expected aggregate U.S. steel frame production capacity of over 6.5 GW in 2027; our planned demonstrations and participation at RE+ 2026 and our planned Capital Markets Day; and the expected benefits of recent acquisitions, including the benefits our customers may realize as a result of integrating these businesses and assets into Nextpower’s. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including but not limited to: our ability to execute our strategies, mission, plans, objectives and goals; our ability to integrate our recently completed acquisitions and to realize their anticipated benefits and synergies; the market demand for our products, solutions and services and our ability to deliver them to customers; projections regarding the U.S. and global demand for electricity and solar power; delays or difficulties in product development, testing, certification, commercialization or customer adoption; our ability and that of our manufacturing partners and suppliers to bring new factories online, ramp production and secure materials, components and qualified personnel on the expected schedule; project delays, order cancellations or deferrals affecting backlog conversion; the ability of our products and services to achieve anticipated performance, reliability, safety, cybersecurity and cost benefits under actual project conditions; macro-economic trends; changing business conditions in our industry and markets overall; and legislative, regulatory and economic developments, including changes in tariffs, trade policies, tax incentives, domestic content requirements and permitting requirements. These forward-looking statements are based on various assumptions and on the current expectations of Nextpower’s management. These statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties that are also described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Nextpower’s most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextpower has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextpower is not aware of or that Nextpower currently believes are immaterial that could also cause actual results to differ from these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextpower assumes no obligation to update these forward-looking statements.

Nextpower’s integrated medium-voltage (MV) power conversion platform for utility-scale solar, storage, and hybrid projects.

NEW YORK (AP) — The U.S. stock market shook, but it largely absorbed big swings for Nvidia and oil prices and finished with relatively modest losses. After dropping nearly 1% at the start of Thursday’s trading, the S&P 500 erased all the loss before finishing with a dip of 0.3%. The Dow Jones Industrial Average fell 0.4%, and the Nasdaq composite slipped 0.4%. Nvidia’s stock initially plunged 14% following the resignation of its CEO, Jensen Huang. But it quickly halved its loss, while other AI chip stocks rose. Oil prices climbed after President Donald Trump said he’s no longer interested in a deal with Iran.

THIS IS A BREAKING NEWS UPDATE. Check back for updates. AP’s earlier story follows below.

NEW YORK (AP) — The U.S. stock market steadied itself Thursday after absorbing big swings for Nvidia’s stock and oil prices. The moves suggested Wall Street sees limited fallout for the artificial intelligence industry, which carries immense influence on the market, despite the sudden fall of one of its biggest evangelists.

After dropping nearly 1% at the start of trading, the S&P 500 erased all of the loss and then drifted between small gains and losses before dipping 0.3%. The Dow Jones Industrial Average was down 88 points, or 0.2%, with an hour remaining in trading, while the Nasdaq composite was down 0.5% after trimming an early drop of 1.6%.

At the center of the swings was Nvidia's stock. It plunged 14% at the start of trading following the resignation of Jensen Huang, its CEO, co-founder and face of the brand. The chip company’s stock has been sinking since its board announced an investigation into Huang for a relationship with a woman suspected of being a Chinese government agent.

It’s a stunning fall for Huang and for Nvidia, which had become Wall Street’s most valuable and influential stock because of its central role in the AI boom. Its stock price set a record last month after soaring an astounding 1,722% in four years. That compares with the already healthy gain of nearly 109% for the overall S&P 500 over the same time.

But Nvidia’s price dropped 27% from then through Wednesday on worries about whether Huang would remain as CEO and how Nvidia would navigate a future without him. Nvidia’s board answered the first question Thursday morning, when it said Huang resigned, and it named Chief Financial Officer Colette Kress as its interim CEO.

The second question remains unanswered. And it looms over the entire market because Nvidia and the broader AI industry have been the main reasons the U.S. stock market has set so many records in recent years.

Nvidia, to be sure, is still selling AI chips at a quick rate regardless of who stands on a stage and talks them up, and analysts said it remains the industry's leader. That helped Nvidia quickly halve its early loss Thursday, and its stock was most recently down 5.4%. That paring helped the broader market to recover.

Outside of Nvidia, stocks across the AI industry swung in the uncertainty.

CoreWeave, which buys Nvidia chips and then rents out access to them to customers over the cloud, fell 8.2%. Micron Technology, which sells memory for computers that’s been getting gobbled up in the AI frenzy, sank 2.1%.

But Broadcom rose 5.2%, and Advanced Micro Devices added 5.9% on hopes the rival chip companies will gain a competitive advantage. Those two gains came close to offsetting the drop for Nvidia, which was the single heaviest weight on the S&P 500. That suggests investors see the AI business expanding to other players rather than depending solely on Nvidia.

Demonstrating how much uncertainty was washing through the market was GE Vernova, which is helping to power AI data centers. It flipped from an early loss of 3% to a gain of 1.7%.

Also helping to limit the U.S. market's losses were gains for stocks in the oil and gas industry. Marathon Petroleum climbed 3.2%, and Exxon Mobil added 2.3%.

They benefited from a rise in oil prices after President Donald Trump said he’s no longer interested in a deal with Iran to end their war. Instead of that, Trump said he asked his vice president to investigate U.S. cities and states run by Democrats.

“We don’t need a deal with Iran,” Trump said. “Those days have long since passed. We’ve got their money, Hundreds of Billions of Dollars, and we’ve got their Strait!”

The price for a barrel of Brent crude climbed 3.3% to $95.82. The price for the most actively traded contract in the Brent market has been veering sharply since the United States and Israel began the war with Iran in late February, bouncing between roughly $70 and $120.

Higher oil prices push up worries about inflation, and the yield on the 10-year Treasury climbed to 5.10% from 4.98% late Tuesday. Trading in the bond market had been closed Wednesday for Veterans Day.

Higher yields make borrowing money more expensive for everyone, from the U.S. government to companies building AI data centers to regular people buying houses. High mortgage rates helped send sales of previously occupied U.S. homes in October to their slowest pace in more than 16 years.

The housing industry has been slowing the U.S. economy but not upending it. A separate report on Thursday said that slightly more U.S. workers applied for unemployment benefits last week, but the number remains relatively low compared with history.

In stock markets abroad, indexes were mixed in Europe following a weaker finish in Asia.

Hong Kong’s Hang Seng fell 1.3% for one of the world’s biggest moves.

AP Business Writer Yuri Kageyama contributed to this report.

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This story has been corrected to show the highest price for the most actively traded contract in the Brent oil market since the war with Iran was nearly $120 per barrel.

A screen on the floor of the New York Stock Exchange displays news about Nvidia's stock price in New York, Monday, Nov. 9, 2026. (AP Photo/Yuki Iwamura)

A person looks at an electronic display board showing Japan's Nikkei index at a securities firm, Monday, Nov. 9, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks below a huge screen, displaying the foreign exchange rate between U.S. dollar and South Korean won in Seoul, South Korea, Wednesday, Nov. 11, 2026. (AP Photo/Lee Jin-man)

The screen showing the Korea Composite Stock Price Index (KOSPI) is seen in Seoul, South Korea, Wednesday, Nov. 11, 2026. (AP Photo/Lee Jin-man)