Nextracker Acquires Bentek Corp. To Add Electrical Infra To Services

Nextracker, a leading solar technology platform provider, announced it has acquired U.S.-based Bentek Corporation, an industry pioneer and manufacturer of electrical infrastructure used in all types of solar power plants. The all-cash transaction of approximately $78 million including future contingent earnout consideration combines Bentek’s engineered, pre-assembled eBOS solutions with Nextracker’s  solar tracker platform, providing customers streamlined procurement and project logistics from a single source. The eBOS products will be offered as standalone, industry-compatible components for both trackers and fixed tilt systems, as well as in formats optimized for use in integrated NX Horizon™ system solutions. Bentek’s U.S. fabrication footprint further enhances Nextracker’s strong domestic supply chain position.

eBOS technology components comprise the electrical infrastructure used in all utility-scale solar projects to collect and transport electricity from solar panels to power conditioning systems throughout the entire solar field. Bentek’s patented, U.S.-manufactured products have demonstrated  strong field reliability, attributable to solid design and fabrication as well as rigorous inspection and testing protocols.

“It is fantastic to join forces with Bentek, expanding the Nextracker platform with exceptional eBOS products and expertise,” said Howard Wenger, President of Nextracker. “Together, we can offer fully engineered, integrated solutions that can help accelerate procurement and construction timelines and reduce installed cost, all backed by the trusted Nextracker brand. We believe that an integrated design approach can unlock synergies between the mechanical and electrical subsystems, driving enhanced customer value and creating a new and powerful solar power plant platform business model.”

Dan Shugar, founder and CEO of Nextracker said “In utility-scale solar, eBOS quality and reliability are critical to system uptime and long-term ROI. Bentek is a proven eBOS innovator and pioneer with several families of IP and issued patents. Nextracker’s financial resources, technology acumen, and supply chain expertise will enable Bentek to rapidly scale,” said Shugar.

eBOS Product Solutions

Bentek’s industry-proven eBOS solutions include:

• Trunk bus solutions– electrical DC collection strategy that combines PV harnessing and insulation piercing connector (IPC) technology to connect panels to inverters. This solution consolidates wiring within the tracker rows and routes power directly to inverters, lowering field labor costs, improving reliability, and reducing maintenance over the life of the system.
• Combiner box solutions – electrical DC collection strategy that combines PV harnessing using a pre-designed and manufactured combiner box to connect panels to inverters. Generally mounted on the tracker rows to combine solar panel strings in the field and deliver power to inverters, this approach enables a plug-and-play solution with enhanced flexibility and serviceability benefits.
• Configurable harness solutions– tailored for each project, both string and over-mold harnesses connect multiple PV strings in parallel for reliable, plug-and-play DC aggregation. These solutions feature factory-manufactured over-molded fuses and joints, enabling configurations for a broad range of cable sizes and connector types.

Nextracker Full Year and Quarterly Results

 

Nextracker has also announced its full year results.

• Achieved record revenue of approximately $3 billion and increased backlog again in Q4 to significantly above $4.5 billion. YoY revenue increased approximately 18%

• Adjusted EBITDA came in the range of $700 million to $775 million, which excludes approximately $128 million for stock-based compensation, acquisition related costs, and net intangible amortization.
• Record Q4 FY25 Revenue of $924 Million, a 26% Increase Year-over-Year