PVTIME – US solar tracker manufacturer Nextpower has acquired the power conversion assets of Spain’s Zigor Corporation and its US subsidiary, Apex Power. This marks Nextpower’s official entry into the inverter and power conversion technology sector. This acquisition aims to strengthen Nextpower’s domestic manufacturing presence and enable it to serve the PV, energy storage, and data centre markets. It was announced alongside the firm’s fiscal 2026 full-year and fourth-quarter results, which ended on 31 March 2026.
Integrating Zigor’s modular inverter technology and engineering team will accelerate Nextpower’s penetration of the power conversion market by enabling deep integration between power electronic devices and its existing trackers, electrical balance of system (eBOS) solutions, and overall technology platform. The acquired technology includes modular, field-deployable inverters that are compatible with new-build energy storage and inverter projects at 1,500V, as well as 600V and 1,000V retrofits and 2,000V system-ready capability. The inverters have a modular skid design that can be configured up to 5.2MVA.
Mass production of inverters in the US is planned for 2027, and early client feedback on demand has been positive, supporting growth in utility-scale solar, battery storage, and AI data centre power systems.
Nextpower delivered a record performance in fiscal year 2026, with revenue rising 20% year-on-year to $3.56 billion, 77% of which came from the US market. Full-year GAAP net income reached $585.8 million (an increase of over 13% year-on-year), while adjusted EBITDA increased by 10% to $854 million. Global tracker shipments reached 160GW cumulatively, with sales of the NX Horizon-XTR terrain adaptive tracker exceeding 50GW.
Backed by robust market fundamentals, Nextpower has increased its revenue guidance for fiscal 2027 from $3.6–3.8 billion to $3.8–4.1 billion. Despite incurring an additional $50 million in costs to accelerate entry into the power conversion market, adjusted EBITDA guidance remains at $825–$900 million. The near-term outlook for the US utility-scale solar market is robust, underpinned by a sizeable pipeline of projects that have been granted policy safe harbour.
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