Nextpower Enters Multi-Year Gigawatt-Scale Steel Frame Supply Agreement with Jinko Solar (U.S.) Industries Inc. for Advanced Solar Modules
MWN-AI** Summary
Nextpower™ (NASDAQ: NXT) has secured a significant multi-year gigawatt-scale supply agreement with Jinko Solar (U.S.) Industries Inc. (NYSE: JKS) to provide over one gigawatt (GW) of steel module frames for solar panel manufacturing. This partnership is set to strengthen the solar supply chain in the U.S., with production slated to begin in mid-2026 at Jinko's Jacksonville, Florida facility. Eventually, the agreement has the potential to scale up to 3 GW over three years, highlighting the increased market preference for steel frames due to their structural durability and cost-effectiveness.
The introduction of U.S.-manufactured steel frames also enhances the domestic content calculation for solar projects, offering an additional six percent in compliance with U.S. Treasury Department guidelines. Justin Johnson, COO of Arevon, a utility-scale solar developer, expressed enthusiasm for Nextpower's commitment to enhancing module durability while supporting local manufacturing.
Dan Shugar, CEO of Nextpower, affirmed that this agreement signals market validation for steel frames as a robust and economically viable solar module solution. The collaboration aligns with trends in the U.S. solar industry, emphasizing domestic production and proven technology at a gigawatt scale.
In light of rising demand, Nextpower plans to bolster its steel frame manufacturing in the Southeast U.S., further securing logistics and supply chain capabilities. Industry evaluations have shown the benefits of steel frames, including enhanced torsional stiffness, leading to improved long-term module reliability.
Overall, this partnership not only reinforces Jinko Solar’s leadership in integrating durable, domestically produced components but also supports the broader objective of strengthening the U.S. solar industry landscape.
MWN-AI** Analysis
Nextpower's recent multi-year gigawatt-scale supply agreement with Jinko Solar (U.S.) Industries Inc. signifies a pivotal moment for the solar industry, particularly with respect to domestic manufacturing and the increasing adoption of steel module frames. This partnership allows Nextpower to escalate its production capabilities in the Southeastern U.S., aligned with the trend of reinforcing local supply chains which is intensified by global economic uncertainties.
Investors should consider this agreement a strong indicator of Nextpower’s strategic positioning in the solar market. The deal underscores the reliability and cost-effectiveness of steel frames, which are poised to enhance module durability—an essential characteristic as solar assets face extreme weather conditions. The estimated scalability from 1 GW to 3 GW over three years provides a robust growth metric, as the demand for durable solar components aligns with both technological advancements and government incentives promoting domestic production.
Furthermore, the 6% increase in domestic content for U.S. projects, a benefit recognized by the Treasury Department, not only improves project economics but also strengthens the case for U.S. manufacturers. This is crucial as the Biden administration continues to focus on promoting jobs and investment in local renewable energy sectors.
Nextpower's expansion narrative is further supported by its history of increasing manufacturing capacity; having opened or expanded over 25 U.S. factories since 2021, it is actively establishing itself as a leader in the domestic solar space. Current market conditions, coupled with regulatory support for energy projects emphasizing sustainability, position Nextpower favorably for future growth.
In summary, Nextpower appears well-situated for long-term success amidst an evolving energy landscape. Investors might view the company's strategic moves as promising indicators for capitalizing on the growing solar market while contributing positively to economic and environmental goals.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Company Plans to Expand Steel Frames Manufacturing Capacity in the Southeast U.S.
Nextpower™ (NASDAQ: NXT), a leading provider of intelligent power generation technology and solutions for solar power plants, today announced its second major commercial order for U.S.-manufactured steel module frames, entering into a multi-year supply agreement with Jinko Solar (U.S.) Industries Inc. (NYSE: JKS), one of the longest operating solar module manufacturers in the United States.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260217543196/en/
Under the agreement, Nextpower plans to supply more than one gigawatt (GW) of steel frames, scalable to up to 3 GW over a three-year period, to support module manufacturing in Jinko Solar’s Jacksonville, Fla. facility, with production expected mid-2026. This supply arrangement helps underscore the growing market adoption of steel frames as a more structurally durable, cost-effective solution for tier-one solar modules while further localizing the U.S. supply chain.
For developers, U.S.-made steel frames add six percent to a tracker project’s domestic content calculation, according to U.S. Treasury Department guidance.
“Arevon is excited about Nextpower’s introduction of advanced solar module frames that enhance module durability and are designed and manufactured in the USA,” said Justin Johnson, COO of Arevon, a utility-scale solar developer. “Nextpower’s focus on component and system reliability is greatly welcomed for solar projects, especially in areas of extreme weather.”
“This agreement with Jinko Solar represents clear market validation of steel frames as a reliable and cost-effective solution that supports both module durability and U.S. manufacturing priorities,” said Dan Shugar, founder and CEO of Nextpower. “It also reinforces how the U.S. solar industry is industrializing, aligning domestic manufacturing, policy incentives, and proven technology at gigawatt scale.”
To simplify project logistics and reinforce the domestic supply chain, Nextpower plans to further expand its steel frame manufacturing presence in the Southeastern United States to enable direct supply to the Jinko Solar U.S. facility in Jacksonville. This strategy follows Nextpower’s recent expansion of its steel component manufacturing capacity in Memphis – one of more than 25 U.S. factories Nextpower has opened or expanded since 2021.
“Improving module durability and strengthening domestic supply chains are closely linked priorities and areas where Jinko Solar has long been a leader,” said Nigel Cockroft, General Manager at Jinko Solar (U.S.) Industries Inc. “From our fourth generation extreme weather module platform to our Jacksonville facility, which has operated since 2018, we have consistently invested ahead of the market. Partnering with Nextpower to integrate domestically produced steel frames into our U.S. modules is a natural extension of that leadership, aligning with U.S. manufacturing priorities, while delivering greater durability at scale for customers and the broader solar industry.”
Industry-wide reliability data is increasingly shaping procurement decisions for utility-scale solar projects. Independent testing has demonstrated the structural advantages of steel frames, including improved torsional stiffness and reduced deflection under mechanical load—key factors in supporting long-term module reliability.
Nextpower Advanced Frames at Intersolar North America 2026
For sales queries, or to meet with a Nextpower steel frame technology expert at Intersolar Solar North America (San Diego, February 18-20, 2026), contact insidesales@nextpower.com . You can also see Nextpower’s steel frame technology on display this week at the Jinko Solar booth #3017 on the show floor.
About Nextpower (formerly Nextracker)
Nextpower™ (Nasdaq: NXT) designs, engineers, and delivers an advanced energy technology platform for solar power plants, innovating across structural, electrical, and digital domains. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer ROI. Building on over a decade of technology and market leadership, the company delivers intelligent power generation systems and services to meet rapidly expanding global electricity demand. Nextpower partners with the world’s leading energy companies to power what’s next. 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: statements regarding the potential benefits from the steel frame supply agreement; statements regarding the potential amount of steel frames to be delivered under the supply agreement; statements regarding the market adoption, durability, reliability and cost effectiveness of steel frames; statements regarding the ability for steel frames to support module durability and domestic content; and statements regarding Nextpower’s ability under the steel frame supply agreement to meet project-specific structural and economic requirements. 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: the market demand for products, solutions and services; unexpected costs, charges or expenses resulting from the steel frame supply agreement; potential adverse reactions or changes to business relationships resulting from the announcement; projections regarding the global demand for electricity and solar power; macro-economic trends; and legislative, regulatory and economic developments, including changing business conditions in our industry or markets overall and the economy in general. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260217543196/en/
Media Contacts
Alex Peterson
Tigercomm (on behalf of Nextpower)
alex@tigercomm.us
+1.203.313.7699
Brandy Lee
+1.408.930.6186
Media@nextpower.com
Investor Relations Contact
Sarah Lee
Investor@nextpower.com
FAQ**
How does Nextpower's multi-year supply agreement with Jinko Solar, which involves the provision of steel frames, affect the competitive landscape for solar solutions, particularly for JinkoSolar Holding Company Limited American Depositary Shares JKS?
What specific strategies does Nextpower plan to implement to enhance the durability and cost-effectiveness of its steel frames, and how might these developments impact JinkoSolar Holding Company Limited American Depositary Shares JKS?
In what ways does Nextpower's expansion of steel frame manufacturing capacity benefit the overall supply chain for Jinko Solar (U.S.) Industries Inc. and JinkoSolar Holding Company Limited American Depositary Shares JKS?
How does the collaboration between Nextpower and Jinko Solar underscore trends in U.S. solar manufacturing, and what implications could this have for investors in JinkoSolar Holding Company Limited American Depositary Shares JKS?
**MWN-AI FAQ is based on asking OpenAI questions about JinkoSolar Holding Company Limited American Depositary Shares (NYSE: JKS).
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