Nextpower (NXT) Announces Multi-Year Supply Agreement With Jinko Solar for Gigawatt-Scale Steel Frames

Nextpower Inc. (NASDAQ:NXT) is one of the best new tech stocks to invest in now. On February 17, Nextpower announced a multi-year supply agreement with Jinko Solar (US) Industries Inc. to provide gigawatt-scale steel solar module frames. Under the terms of the deal, Nextpower will supply at least 1 GW of steel frames, with the potential to scale up to 3 GW over three years. These components will support Jinko Solar’s manufacturing operations at its Jacksonville, Florida facility, with production slated to begin in mid-2026.

To support this partnership and further localize its supply chain, Nextpower Inc. (NASDAQ:NXT) intends to expand its manufacturing capacity in the Southeastern US to simplify logistics for direct supply to Jinko Solar’s Florida plant. This move follows Nextpower’s recent growth in Memphis and contributes to a network of over 25 US factories that the company has established or expanded since 2021 to meet the rising demand for domestic solar components.

The transition to steel frames offers structural and financial advantages for the solar industry. Independent testing indicates that steel frames provide superior durability and stiffness compared to traditional materials for reliability in extreme weather. Furthermore, using US-made steel frames allows developers to add six percent to a tracker project’s domestic content calculation, helping them align with US Treasury Department guidance and national manufacturing priorities.

Nextpower Inc. (NASDAQ:NXT) provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the US and internationally.

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