Nextracker Launches Industry’s First Low Carbon Solar Tracking Solution
Third-party Life Cycle Assessment (LCA) methodology confirms a reduced carbon footprint of up to 35% over the entire product life cycle for the Nextracker NX Horizon™ low carbon solution.
The opening orders demonstrate the solar industry’s demand for decarbonized solutions
Nextracker (Nasdaq: NXT), a global provider of intelligent solar tracking and software solutions, today announced the availability of its flagship NX Horizon™ solar tracking system with up to 35% less carbon footprint. Marking a major milestone for solar energy, the NX Horizon low-carbon tracker solution rounds out Nextracker’s technology leadership and robust supply chain solutions, including the use of electric arc furnace (EAF) manufacturing, recycled steel and logistics strategically located near project sites.
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Nextracker introduces the industry’s first solar tracker with a carbon footprint reduced by up to 35 percent (Photo: Nextracker)
The low-carbon tracker solution initially proposed in the United States includes Life Cycle Assessment (LCA) documentation using a third-party validated analysis of environmental benefits, including reductions in carbon footprint, land use, water consumption and other source-related metrics. manufacturing, delivery and operation of solar trackers. Nextracker has also achieved Carbon Trust1 Product Carbon Footprint label certification for the NX Horizon low-carbon solar tracker system, demonstrating that it meets the global standard for collecting, evaluating and reporting carbon emissions data throughout the lifecycle of solar trackers.
“Our low carbon tracker delivers measurable results in solar decarbonisation through circular and increasingly renewable steelmaking, optimized logistics and careful selection of raw material suppliers,” he said. Dan Shugar, Founder and CEO of Nextracker. “We appreciate our customers helping us move toward a cleaner, more resilient supply chain to ensure solar providers and consumers have third-party verification to meet Scope 3 and other decarbonization goals and requirements.”
Nextracker has secured pre-orders for its newly launched NX Horizon low-carbon tracker from several solar customers – both of which have committed to low-carbon solar tracker systems for US-based solar projects.
“Nextracker’s commitment to developing low carbon solutions exemplifies the innovation and leadership needed to move the energy sector forward. At Sol Systems, we are proud to collaborate with partners like Nextracker who share our vision for a cleaner, more sustainable energy landscape. Together, we not only promote low carbon technologies; we set the standards for tomorrow’s energy infrastructure” Yuri Horwitz, co-founder and CEO of Sol Systems.
“Upstream control for the supply of sustainably produced steel and components is highly complex and requires expertise and deep partnerships to navigate,” he said. Kevin Smith, CEO of Arevon. “Nextracker continues to be the industry leader in operational excellence combined with solar tracker engineering design that significantly reduces the carbon footprint for our utility-scale solar projects.”
Nextracker is at the forefront of implementing sustainable supply chain solutions for the energy sector through managed upstream of raw materials and local manufacturing for solar tracking systems. Electric Arc Furnace (EAF) processing uses recycled steel and electricity to create new steel and significantly reduces greenhouse gas emissions compared to traditional Basic Oxygen Furnace (BOF) operations based on iron ore and coal. Not only does this align with Nextracker’s commitment to minimizing environmental impact, it also leverages American rebar steel supplies, enabling resource efficiency and growth for the US steel industry. Nextracker has also reduced carbon intensive2 materials such as aluminum from its NX Horizon low carbon offering to below 1% aluminum by weight in the product.
Jon Moore, CEO of research firm BloombergNEF: “Industry accounts for more than 20% of global greenhouse gas emissions; steel alone accounts for 7%, making it an important industry for decarbonisation. According to our analysis, the steel sector invested $35 billion in clean capacity globally last year, but more is needed to achieve net zero. “Green steel demand is an important signal to steelmakers that they need to bring new, low-carbon capacity online and accelerate the transition to net-zero.”
The new NX Horizon low carbon tracker offering is available with first deliveries scheduled for later this year. Visit our website for more information.
In Nextracker CLEANPOWER 2024
Learn more at this year’s CLEANPOWER (ACP) conference, May 6-9, 2024 at the Minneapolis Convention Center from Nextracker panel speakers for discussion on the following topics:
“Local Clean Energy Production” Dan Shugar, Founder and CEO of Nextracker (May 7, 2:15-3:15 p.m. CT, Charge Up Theater). “Solar Supply Chain” Alejandro Riofrio, Vice President, Supply Chain North America, Nextracker (May 8, 2:15-3:15 p.m. CT, Charge Up Theater).
About Nextracker
Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects worldwide. Its products allow solar panels to track the movement of the sun across the sky and optimize plant performance. With plants operating in over thirty countries around the world, Nextracker offers solar tracker technologies that increase energy production while reducing costs for significant plant ROI. For more information, visit Nextracker.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 future orders, demand for Nextracker’s offerings and planned shipments of Nextracker products. These forward-looking statements are based on various assumptions and the current expectations of Nextracker management. These statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated in these forward-looking statements, including the risks and uncertainties described in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” . In Nextracker’s most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextracker has filed or will file with the Securities and Exchange Commission. There may be additional risks of which Nextracker is not aware or which Nextracker currently believes to be immaterial, which could cause actual results to differ from forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextracker undertakes no obligation to update these forward-looking statements.
1 The Carbon Trust is an independent organization that provides verification of sustainable development achievements. The Carbon Trust’s Product Carbon Footprint label certifies that a brand has worked to measure and reduce a product’s carbon emissions. LCA is a method that assesses the environmental impact of a product’s life cycle through data collection and evaluation. It considers all stages of a product’s life cycle, including raw material extraction, production, use and disposal. LCA also records and calculates the greenhouse gases produced during the product’s life cycle.
2 International Energy Agency, 2023, https://www.iea.org/energy-system/industry/aluminum
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