A company once known for solar tracker production is entering another segment of the PV market. After years of acquisitions and originating new technologies, Nextpower (formerly Nextracker) is acquiring a product line from Spanish power conversion and transmission company Zigor, along with its subsidiary Apex Power.
Credit: Nextpower
“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.”
Nextpower has acquired businesses producing technologies directly complementary to solar trackers, like Ojjo ground-mount foundations, but has expanded its scope beyond structural array components. It owns Origami Solar‘s steel solar panel frame business, is producing electrical balance of systems components and, once this latest acquisition is complete, Nextpower will be in the battery energy storage, data center and inverter markets as well.
This Zigor product line includes inverters rated to 1,500 V and 2,000 V for new projects, and 600 V and 1,000 V for repowering projects. Nextpower stated in a press release that it expects to increase Zigor inverter production in 2027, partially in response to growing demand for power conversion technologies in new data centers.
Nextpower is reportedly acquiring Zigor and Apex Power for $80.5 million, pending international trade approvals. The businesses will still operate independently from Nextpower upon acquisition.
News item from Nextpower
