Nextracker, a US-based provider of solar tracker solutions, has acquired Origami Solar in an all-cash transaction worth $53 million including earnouts. Origami Solar, a US developer of roll-formed steel solar panel frames, has spent four years designing drop-in steel replacements with extensive third-party testing and validation. According to Nextracker, Origami Solar’s steel frames are already qualified by leading panel manufacturers and are offering greater strength, lower carbon footprint, and potential cost benefits. With US-based fabrication capacity in place, Nextracker is now positioned to integrate panel frame design with its tracker systems across projects. This integration is expected to enable faster installation, improved durability, and localized supply chains, reducing reliance on imported components and materials. Nextracker has estimated that the US solar panel frame market opportunity is more than $750 million annually, reflecting significant strategic importance. Recently, Nextracker has also introduced its NX PowerMerge connector, which is scheduled for a showcase at the RE+ industry event.
Nextracker enters panel frame market with $53m Origami acquisition
Origami Solar was acquired by Nextracker for $53m, marking expansion into steel solar frames with US fabrication capacity and qualified manufacturing partnerships.
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