NXT

// // Extends addressable market with four new product lines, expanding reach across 15 additional countries, and access to large, legacy customer base Strong, established go-to-market channels expected to facilitate incremental demand for Nextpower product portfolio including trackers, eBOS, PCS, and BESS Business expected to contribute approximately €300 million in revenue and €45 million of adjusted EBITDA on an annual run-rate basis following transaction close, and is expected to be accretive MUNICH--(BUSINESS WIRE)-- INTERSOLAR EUROPE 2026 — Nextpower ™ (Nasdaq: NXT), a leading provider of solar and power technology solutions, today announced it has entered into a definitive agreement to acquire Zimmermann PV-Steel Group, a Germany-based solar technology provider with more than 20 gigawatts (GW) deployed and deep market presence in Germany, one of Europe’s largest solar markets. Built on steep slopes and engineered for heavy snow loads, the Osterberg solar project in Germany demonstrates fixed-tilt systems highly complementary to Nextpower's solar technology portfolio. Zimmermann was founded in 1950 and expanded into the solar industry in 2009, delivering more than 2,500 solar projects across 58 countries. By broadening its product portfolio and deepening its regional presence, this acquisition will accelerate Nextpower’s ability to deliver world-class support and comprehensive solutions to solar developers and EPC customers across Europe. The total consideration for the transaction is comprised of cash and stock of up to €330 million, or approximately $378 million based on exchange rates as of June 20, 2026, and is subject to customary closing conditions including required regulatory review. The transaction is expected to close in the second half of Nextpower’s fiscal 2027. “This transaction represents the next chapter for Nextpower internationally,” said Dan Shugar, founder and CEO of Nextpower. “With Zimmermann, we will significantly expand our product platform and add complementary market presence and supply chain capability in Europe and beyond. Zimmermann’s structural solutions, including fixed tilt, carports, high-density trackers, innovative agriPV solutions, and floating PV will expand our European portfolio to support a broader range of land-use, permitting requirements, and regional use cases. We see a clear opportunity to combine Zimmermann’s strong product engineering and execution capabilities with Nextpower’s bankability and complete product platform to better meet the needs of customers in Europe and accelerate profitable international growth.” “Zimmermann has built its business by staying customer-focused and delivering high-quality engineered solutions for specific project needs,” said Robert Zimmermann, owner and CEO, Zimmermann. “In Nextpower, we see a partner with highly complementary technologies, geographic fo

// // New two-in-portrait (2P) tracker system and innovative integrated foundation solution address comprehensive range of site and land-use requirements FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of solar and power technology solutions for utility-scale power plants, today announced the global launch of its reimagined NX Gemini™ two-in-portrait (2P) solar tracker system. The launch is part of a broader expansion of Nextpower’s solar solutions portfolio in Europe, which includes NX Anchor™, an integrated foundation system co-engineered for the company’s flagship NX Horizon ® 1P tracker. Nextpower integrated solar tracking systems deployed at Greece’s landmark Ptolemaida Solar Park. Watch video to learn more. As Europe and other global markets accelerate toward ambitious renewable energy goals, developers and EPCs are navigating evolving permitting frameworks, land-use priorities, site suitability requirements, agrivoltaics (agriPV) applications, and long-term performance needs. Nextpower is expanding its platform to help support this next phase of solar development in Europe with high-density tracker systems, integrated foundations, and intelligent controls that address increasingly site-specific project needs. “European solar projects are becoming more specialized, and customers need more flexibility in how projects are designed and built,” said Yves Figuerola, general manager, Nextpower Europe. “We are excited to bring our foundation solutions and a differentiated 2P tracker system to our customers in Europe where site and soil conditions can be challenging. These offerings are designed to provide a comprehensive solution set with more flexibility to help improve efficiency and reduce construction risk, while bringing Nextpower’s proven controls and software platform to more project configurations.” With over 160 GW deployed globally and a growing European footprint, Nextpower continues to invest in integrated solutions and broaden its product portfolio to streamline project execution and expand sites where solar can be built and operated reliably at scale. Building on five years of operational experience with 2P tracker technology, the reimagined NX Gemini system is designed to deliver improved performance, constructability, and cost effectiveness for customers. The system incorporates advancements in Nextpower’s proven tracker controls and software architecture, enabling row-level control, network communications, weather response, and centralized site intelligence. Engineered for Europe’s variable geotechnical conditions, the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnextpower.com%2Fproducts%2Ffoundations%2Fnx-anchor&esheet=54555756&newsitemid=202606161233

// // FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of solar and power technology solutions for utility-scale power plants, today announced that it has filed a patent infringement lawsuit against GameChange Solar in the United States District Court for the District of Delaware. Nextpower’s lawsuit charges GameChange with infringing three patents related to the company’s proprietary self-powered solar tracker technology and TrueCapture™ energy management control system, based on GameChange’s sales of its Genius Tracker systems and associated software. “Nextpower invests heavily in the development of our best-in-class solar tracker products, and we treat intellectual property very seriously,” said Dan Shugar, founder and CEO of Nextpower. “We respect legitimate competition, but we will vigorously defend our patent rights in all global markets in which we conduct business.” Nextpower’s lawsuit seeks remedies available under U.S. patent law, including injunctive relief and monetary damages. About Nextpower 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. Investor Relations Contact Sarah Lee [email protected] Media Contact Brandy Lee [email protected] Source: Nextpower

// // Acquisition is expected to extend Nextpower’s solar power technology platform with the integration of BESS and energy management software Expands market opportunity for energy infrastructure to serve the utility grid, AI data centers, and industrial power systems Prevalon has over 6 GWh of BESS systems deployed globally and 1.3 GW of firm supply contracts supporting AI and hyperscaler data center infrastructure deployments Transaction expected to be accretive to FY27 financial outlook FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ (Nasdaq: NXT), a leading provider of solar and power technology solutions for utility-scale power plants, today announced it has entered into a definitive agreement to acquire Prevalon Energy, a U.S.-headquartered joint venture between Mitsubishi Power Americas and EES, for total consideration of up to $365 million, not including cash to be acquired, comprising cash and stock. Closing of the transaction is subject to customary closing conditions, including antitrust regulatory review. Featured technology: Prevalon Energy's Hybrid Power Stabilizer (HPS) at an AI data center The acquisition is expected to extend Nextpower’s technology platform across BESS and intelligent controls for critical power infrastructure. The Company projects that the global demand for BESS outside China could represent an opportunity of up to $35 billion by 2030, with the U.S. comprising up to $15 billion. In connection with the transaction, Nextpower is raising its fiscal year 2027 outlook, which assumes the successful closing of the transaction. Nextpower now expects fiscal 2027 revenue of approximately $4.0 billion to $4.4 billion, compared to its prior outlook of $3.8 billion to $4.1 billion, and adjusted EBITDA of approximately $845 million to $930 million, compared to its prior outlook of $825 million to $900 million. Nextpower will provide additional details on its updated outlook during an investor conference call later today. “Prevalon was the perfect choice for Nextpower to expand into BESS,” said Markus Wilhelm, founder and CEO of Strata Energy. “Both companies are technology focused and understand power, utilities, and complex use cases for customers. Prevalon’s BESS hardware and software platform solves challenging problems for utility-connected and self-powered AI data centers, including inertia support, grid stabilization, contingency management, and GPU AI workload smoothing. This is a differentiated, competitive advantage that Nextpower’s customers will value.” Strata was one of the early movers in BESS, delivering over a dozen utility-scale BESS projects since 2018. “Many of our customers have rapidly expanded their storage programs and asked us to extend Nextpower’s platform into power conversion and BESS to deliver fully integrated firm power soluti

// // Acquisition to accelerate Company’s entry into power conversion market with complementary IP and planned U.S. manufacturing footprint FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower™ , a leading provider of intelligent power generation systems for solar power plants, today announced it has entered into a definitive agreement to acquire complementary assets of Zigor Corporation’s power conversion business and its U.S.-based subsidiary, Apex Power. Once complete, the transaction will expand Nextpower’s product portfolio and capabilities in utility-scale solar power conversion and support its entry into battery energy storage and data center markets. Nextpower advances its power conversion platform, expanding into a critical layer of power plant architecture “With this acquisition, Nextpower will launch a comprehensive inverter offering in response to strong customer requests for reliable, high-quality power conversion solutions rounding out our integrated platform,” said Dan Shugar, founder and CEO of Nextpower. “We will be in market with products for solar, storage, and data centers, and building out U.S. manufacturing as quickly as is prudent. Initial customer demand is promising and we look forward to welcoming the legacy Apex Power and Zigor team members to Nextpower once the transaction closes.” This acquisition will include modular, field-deployed inverter technology, and experienced engineering talent. The product technology is suitable for new battery storage and solar inverter applications at 1500V, repowering applications at 600V and 1000V, and is 2000V ready. The modular skid design can be configured up to 5.2 MVA. The transaction is expected to enable rapid scale-up of inverter manufacturing capacity in the U.S. with a production ramp expected to begin in 2027. It also supports closer integration of power electronics with Nextpower’s leading solar trackers, electrical balance of systems (eBOS), and broader technology platform. This integration can help improve overall system performance, reduce procurement complexity, and enable faster, more efficient project design and deployment. Intelligent power conversion systems are increasingly utilized in advanced grid infrastructure, including battery storage and energy supply systems designed to support complex large loads such as AI data centers. The closing of the acquisition is subject to foreign direct investment (FDI) approval by the Spanish government and other customary conditions. The transaction consideration includes approximately $80.5 million in cash, consisting of $46 million at closing and up to $34.5 million in potential earnouts. In addition to the purchase consideration, Nextpower plans an incremental investment of approximately $50 million related to growth initiatives, including the acceleration of its entry into the power conversion market. These investments are expected to position Nextpower to capture a significant, durable growth opportunity. Following the relevant approval, the acquired assets, inclu

// // Achieves Record FY26 Revenue and Earnings Raises FY27 Financial Outlook on Strong Execution and Bookings FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower ™ (Nasdaq: NXT), a leading provider of intelligent power generation systems for solar power plants, today announced financial results for the fourth quarter and full year for fiscal year 2026, ended March 31, 2026. Financial Summary (In millions, except per share) Q4 FY26 Q3 FY26 Q4 FY25 Revenue $881 $909 $924 GAAP Gross Profit <p class="bwalignr bwcellpmargin"

// // FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower (Nasdaq: NXT) will announce its fourth quarter fiscal 2026 and full-year financial results after the market closes on Tuesday, May 12, 2026. The company will hold a conference call to discuss the results on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Q4 FY2026 Earnings Call May 12, 2026 2:00 p.m. PT / 5:00 p.m. ET Live webcast available on investors.nextpower.com The webcast replay, along with supporting materials, will be available on the Nextpower IR website following the conclusion of the event. About Nextpower 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 . Investor Contact: Sarah Lee [email protected] Media Contact: Brandy Lee [email protected] Source: Nextpower

// // FREMONT, Calif.--(BUSINESS WIRE)-- Nextpower ™ (NASDAQ: NXT), a leading provider of intelligent power generation technology and solutions for solar power plants, today announced the validation of its near-term carbon emissions reduction targets by the Science Based Targets initiative (SBTi), a coalition of CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature. Under its validated SBTi targets, the company commits to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 58.8% by fiscal year 2035 from a FY25 baseline, and to reduce Scope 3 emissions intensity per megawatt of solar trackers deployed by 63.8% over the same period. “Over the past several years, we have strengthened our global supply chains, expanded domestic manufacturing in key markets, and launched new product innovations such as the NX Horizon ® low carbon tracker,” said Dan Shugar, founder and CEO. “These actions are delivering carbon improvements while creating additional value for our customers. The SBTi validation is another important milestone for our company and reinforces our strategy and the progress we are making.” In recent years, Nextpower has optimized regional supply chains and increased adoption of lower-carbon electric arc furnace (EAF) steel. The NX Horizon low carbon tracker solution now reduces embodied carbon emissions by up to 42% compared to traditional trackers, supported by third-party verified lifecycle assessments. The SBTi validation follows Nextpower’s formal establishment of its ESG program in 2024 and its recent upgrade to “Prime” status in the ISS Corporate ESG rating in Q3 FY26. Together, these independent evaluations strengthen the company’s competitive position in global markets where ESG performance is an increasingly important consideration for investors and customers. To learn more about Nextpower’s global sustainability initiatives, read the fiscal year 2025 Sustainability Report , or visit nextpower.com/sustainability . 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 elec

// // Company Plans to Expand Steel Frames Manufacturing Capacity in the Southeast U.S. FREMONT, Calif.--(BUSINESS WIRE)-- 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. 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 procuremen

// // First landmark project to be fulfilled through newly formed Nextpower Arabia joint venture; localized production to support Saudi National Renewable Energy Program RIYADH, Saudi Arabia--(BUSINESS WIRE)-- Nextpower Arabia , the newly formed joint venture between Nextpower (Nasdaq: NXT, formerly Nextracker) and Abunayyan Holding, today announced it will provide 2.25 gigawatts (GWp) of advanced solar tracking systems to Larsen & Toubro (L&T) for the Bisha Solar project, one of the largest utility-scale solar plants being developed by an ACWA Power-led consortium. The project was procured by the Saudi Power Procurement Company (SPPC) as part of Wave 6 of the Kingdom’s National Renewable Energy Program (NREP) overseen by the Ministry of Energy. Flagship NX Horizon solar tracking system, deployed well over 150 GW globally and engineered for maximum uptime, energy yield, and resilience Located in the Asir Province, Bisha is the largest of the Wave 6 solar projects. The project represents a significant addition to Saudi Arabia’s expanding utility-scale portfolio and supports the Kingdom’s long-term energy and decarbonization objectives. This new 2.25 GWp order is the first major project to be fulfilled through the Nextpower Arabia joint venture, now fully operational. Through localized sales, manufacturing, delivery and supply chain capabilities, Nextpower Arabia will support the efficient deployment of utility-scale solar power plants, while advancing industrial development and workforce development in the Middle East and North Africa (MENA) region. Bharathi Kumar, general manager (Renewable International), L&T, said, “We have tremendous confidence in Nextpower Arabia to provide the most advanced utility-grade solar solutions that will help us deliver maximum performance and low-cost clean energy through the new Bisha Solar Plant long into the future. Localizing the production of these new systems that will form the foundation of the Bisha plant will deliver greater efficiencies throughout the development process while reducing the cost and impact of international shipping.” Dan Shugar, founder and CEO, Nextpower, said, “The MENA region is a top strategic priority for Nextpower. This project builds on our longstanding partnerships with ACWA Power and L&T and marks an important milestone for our new joint venture with Abunayyan Holding. Through Nextpower Arabia, we are localizing the industry’s most resilient and intelligent solar plant technologies, engineered specifically for the region’s demanding conditions, while strengthening the local supply chain to support Saudi Arabia’s long-term en