Nextracker and JENNMAR Subsidiary JM Steel Bolster U.S. Supply Chain with New Facility Expansion to Triple Capacity for Solar Energy Projects [Yahoo! Finance]
Nextracker Inc. (NXT)
Company Research
Source: Yahoo! Finance
PITTSBURGH, April 26, 2024 BUSINESS WIRE 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. 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 mo
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