California-based Nextracker has announced its corporate rebranding to Nextpower. On November 12, the company said the new name reflects the group’s transformation into a global provider of fully integrated energy technology solutions. Nextracker, known as a global leader in tracking systems for solar energy, will now offer an integrated portfolio of advanced technologies and services for utility-scale solar power plants. As part of its expanding technology platform, Nextpower announced the development of a new line of utility-scale power conversion systems with first shipments expected in 2026. “Our customers want consistent, integrated solutions that install faster, perform better, and perform more reliably over their lifetime,” said Dan Shugar, founder and CEO of Nextpower (watch video here). “Over the past few years, we have been systematically executing a strategy to expand our portfolio and create a comprehensive technology platform that delivers significant benefits across the solar value chain.” “Our new name reflects this transformation,” Shugar continued. “Nextpower builds on decades of leadership in solar tracking, creating a leading integrated technology platform to support the world’s most advanced clean energy systems. The world is in an electrical supercycle and solar energy is the main driver, adding more capacity than any other source, at a lower cost. As we expand into power conversion systems (PCS), robotics and AI (artificial intelligence), we are enabling solutions for customers designed for the scale, reliability and complexity of today’s solar power plants.” Nextpower at the company’s Capital Markets Day on Wednesday reaffirmed its FY26 outlook and also announced its FY27 outlook and long-term financial targets. Targets include between $4.8 billion and $5.6 billion in revenue for FY30, with about a third of revenue expected to come from sales of non-tracking products and services. “Our multi-year financial targets reflect our confidence in Nextpower’s growth trajectory and the strength of our business model,” said Chuck Boynton, Nextpower’s chief financial officer. “We expect to achieve continued revenue growth, expand cash generation and fund continued investments in growth, while maintaining healthy margins and a strong balance sheet through disciplined execution and operational efficiency.” Nextpower said Wednesday that the rebrand comes at a crucial time as global demand for electricity accelerates, driven by the rapid rise of artificial intelligence and data centers, electric transportation and the electrification of buildings. In response, policymakers are emphasizing the strategic need for localized supply chains, an area where Nextpower has made investments for more than a decade in domestic manufacturing of steel, electronics and components. Nextpower will retain its Nasdaq ticker symbol, NXT, and will continue to operate under the same executive leadership team. The company’s entire product portfolio, including trackers, foundations, eBOS, advanced module frameworks, robotics, software, performance management and control systems, and services, will continue under the Nextpower brand architecture. —POWER edited this content, which was contributed by next power communications equipment.