Unbiased energy producer Silicon Ranch and Nextracker LLC, a supplier of photo voltaic tracker and software program options, have signed a grasp provide settlement (MSA) to ship 1.5 GW of Nextracker’s photo voltaic tracker expertise to Silicon Ranch tasks by 2024, with choices to increase as Silicon Ranch’s portfolio grows.
The MSA represents the most recent milestone within the long-standing strategic relationship between two photo voltaic companies. The settlement features a shared dedication by each corporations to extend home provide and promote lower-carbon manufacturing processes.
“Regardless of extreme disruption to international provide chains and different pressures dealing with the photo voltaic trade, Silicon Ranch stays dedicated to sustaining our 100% monitor document for profitable challenge supply,” says Reagan Farr, Silicon Ranch’s co-founder and CEO. “This settlement with Nextracker not solely helps us hold our guarantees to our prospects, but additionally permits us to decarbonize our provide chain and help extra investments in American manufacturing. We now have grown our enterprise by the facility of collaborative partnerships, and we’re thrilled to increase our relationship with Nextracker as we speed up our progress technique throughout the US.”
“We’re so impressed with Silicon Ranch’s differentiated improvement mannequin which exemplifies neighborhood engagement, and win-win options for ranching and agriculture to learn from photo voltaic, not solely monetary buyers promoting energy,” feedback Dan Shugar, Nextracker’s founder and CEO. “We now have listened to Silicon Ranch’s wants and modified our merchandise so as to add extra worth to their purposes. Connecting their demand to extra home metal and manufacturing capability leads to extra jobs with cleaner metal and optimized logistics.”
“Designing the very best energy plant – wherever our prospects want vitality – is essential to Silicon Ranch’s mission and core values, and to take action we keep constant suggestions loops with confirmed companions like Nextracker in an effort to advance strong designs and trade requirements,” states Nick de Vries, Silicon Ranch’s SVP of expertise and asset administration. “Nextracker’s current launch of the NX Horizon-XTR is the most recent output of our collaboration, as this expertise yields a wiser, extra streamlined technique to construct photo voltaic on diversified terrain, permitting Silicon Ranch to ship high-quality photo voltaic tasks and stay good stewards of the land on the similar time.”