U.S. clean energy incentives revitalize
American manufacturing at JM Steel historic manufacturing facility
in Pittsburgh, achieving 4 GW of Nextracker-dedicated annualized
capacity
Nextracker (Nasdaq: NXT), a global provider of intelligent solar
tracker and software solutions, and JENNMAR Holdings ("JENNMAR”)
subsidiary JM Steel, a premier steel processing provider, jointly
announced the completion of a major expansion of
Nextracker-dedicated manufacturing lines at JM Steel’s Leetsdale
steel facility achieving 4 GW of capacity.
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A factory worker on the
Nextracker-dedicated line at JM Steel’s Leetsdale steel facility.
(Photo: Nextracker)
Inaugurated and reopened in 2022, the refurbished historic
factory produces American-made, critical steel components to
support rising demand for solar energy across Pennsylvania and the
mid-Atlantic, which employs thousands of construction workers
across multiple states in the Midwest region.
The expansion more than doubles the facility’s production
capacity and demonstrates JENNMAR’s commitment to investing heavily
in the U.S. solar energy industry. The acility now features
cutting-edge technology including state-of-the-art solar tube lines
with automated drilling and swedging. With this most recent
expansion in Leetsdale, JENNMAR’s growth capital investment in
support of the U.S. solar industry has exceeded $100 million over
the last four years.
For Nextracker, this latest expansion also marks 20 new or
expanded U.S. manufacturing partner facilities since 2021 and
enables the company to provide over 25 GW of U.S. solar tracker
capacity each year.
“We are thrilled to be partnered with JM Steel and celebrate the
expansion of the Pittsburgh facility to serve customer demand. This
facility is also expected to produce core components of our new low
carbon tracker offering announced this week,” said Dan Shugar,
founder and CEO of Nextracker. “The U.S. solar market is
continuing to demonstrate strong growth. The U.S. Energy
Information Administration has forecasted solar to grow 26% on an
annual compounded rate and be the number one source of energy in
the U.S. within a decade.”
“We are proud to announce the expansion of this historic steel
factory in Pittsburgh—which we have been honored to call our home
for more than 100 years,” said Tony Calandra, CEO of
JENNMAR. “This partnership with Nextracker allows for
significant investment in advanced manufacturing and brings
high-quality jobs back to our communities. We couldn’t be more
thrilled to bring our Pennsylvania-based employee count to more
than 500.”
Once the home of a steel mill used to build materials for tank
landing ships during World War II, this refurbished facility
represents one of many shifts underway in the U.S. toward domestic
manufacturing, a secure supply chain, and clean energy. The
Leetsdale steel factory tripled its capacity with the addition of
new, dedicated manufacturing lines for solar energy projects
creating 60 new manufacturing jobs.
“JENNMAR and Nextracker are in a powerful partnership focused on
advancing the energy transition and American manufacturing. The
future depends on leveraging a diverse portfolio of resources that
addresses our environment, energy needs, and economic opportunity,”
said Matt Smith, chief growth officer at the Allegheny
Conference on Community Development. “This is a win at the
convergence of two industries that are pivotal to southwestern
Pennsylvania – energy and manufacturing – and we’re proud that our
region is a key part of the supply chain that’s helping to bring
more solar energy to the market.”
According to the Solar Energy Industries Association (SEIA),
solar power now accounts for 53% of all new electricity generation
in the U.S., adding 32.4 GW of solar power in 2023 and surpassing
23.6 GW in the prior year.
To celebrate the new facility expansion, a dedication ceremony
was attended by top government officials including David
Crane, Under Secretary for Infrastructure at the department of
energy (DOE), Lt. Governor of Pennsylvania, Austin Davis,
U.S. Congressman Chris Deluzio of Pennsylvania’s 17th
District, PA State Representative, Valerie Gaydos, and
Matt Smith, Chief Growth Officer, Allegheny Conference on
Community Development. Also joining the event was Tony
Calandra, CEO of JENNMAR, and leaders from some of the world’s
largest clean energy companies including Kelly
Speakes-Backman, Executive Vice President of Public Affairs at
Invenergy, and Yuri Horowitz, CEO of Sol Systems.
Last year, Nextracker opened a dedicated steel production line
in Las Vegas with Unimacts, another in Memphis with MSS Steel Tubes
USA, and a self-powered controller and high-voltage power supply
line in California with Asteelflash. They have more production
lines in Texas, Arizona, and Illinois.
About Nextracker
Nextracker is a leading provider of intelligent, integrated
solar tracker and software solutions used in utility-scale and
ground-mounted distributed generation solar projects around the
world. Our products enable solar panels power plants to follow the
sun’s movement across the sky and optimize plant performance. With
power plants operating in more than 30 countries worldwide,
Nextracker offers solar tracker technologies that increase energy
production while reducing costs for significant plant ROI. For more
information, please visit www.nextracker.com.
About JENNMAR
JENNMAR is a leading global provider of infrastructure products
and specialized services to the civil infrastructure, solar,
mining, and construction industries. For over 100 years, JENNMAR’s
focus has been on manufacturing products and providing solutions
that help keep workers safe and productive.
About JM Steel
Established in 2000, JM Steel has emerged as a premier steel
processing provider in the U.S., with facilities in Pendergrass,
GA, Sinton TX, Huger, SC, and Leetsdale, PA.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements relating to the demand for Nextracker’s
offerings and scheduled production and shipments of Nextracker
products. These forward-looking statements are based on various
assumptions and on the current expectations of Nextracker’s
management. These statements involve risks and uncertainties that
could cause the actual results to differ materially from those
anticipated by these forward-looking statements, including risks
and uncertainties that are described under “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in Nextracker’s most recent Quarterly Report
on form 10-Q, Annual Report on Form 10-K and other documents that
Nextracker has filed or will file with the Securities and Exchange
Commission. There may be additional risks that Nextracker is not
aware of or that Nextracker currently believes are immaterial that
could also cause actual results to differ from the forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements. Nextracker assumes no obligation
to update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240426606596/en/
Media Contacts Kristan Kirsh +1.650.814.1273
kkirsh@nextracker.com
Alex Peterson +1.203.313.7699 Alex@tigercomm.com
Michelle Eastly +1.412.629.8410 meastly@jennmar.com
Investor Relations Mary Lai investor@nextracker.com
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