Solar Power Acquisitions

Nextpower agreed to acquire power conversion assets from Zigor Corporation and its U.S. subsidiary, Apex Power, for approximately $80.5 million, expanding its platform beyond solar trackers into solar inverters, battery storage and data center power applications. The modular inverter technology supports 1500V battery storage and solar installations, 600V and 1000V repowering, and configurations up to 5.2 MVA.

Manufacturing in the U.S. is expected to ramp up beginning in 2027, with an additional $50 million allocated toward growth initiatives. The acquisition integrates inverter technology directly with Nextpower’s existing solar trackers and electrical balance-of-systems, improving system performance and accelerating project deployment.

Nextpower shows how acquiring modular inverter technology alongside experienced engineering talent can accelerate entry into high-growth energy markets without having to build those capabilities from scratch.

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