Nextpower Releases Fiscal Year 2026 Sustainability Report, Highlights SBTi Validation and 12% Reduction in Scope 3 Emissions Intensity
Company expands independent third-party assurance, integrated technology systems, and use of lower-carbon steel
FREMONT, Calif., Sept. 1, 2026 – Nextpower™ (Nasdaq: NXT), a leading provider of clean power technology solutions, today published its fiscal year 2026 Sustainability Report, highlighting its environmental, social, and governance (ESG) progress across its operations, global supply chain, products, and expanding technology solutions platform.
The company’s third annual report, and the first published under the Nextpower brand, highlights the validation of the company’s climate targets by the Science Based Targets initiative (SBTi), expanded independent third-party assurance across scope 1, 2, and 3 GHG emissions, and continued investment in lower-carbon materials, product innovation, and responsible supply chain operations. It also details a 12% reduction in Scope 3 emissions intensity compared with FY2025 levels due in part to the use of lower carbon electric arc furnace (EAF) steel in its products. The report also expands the depth and transparency of its ESG disclosures.
“Sustainability is embedded in how we engineer products, operate our business, and create long-term value for our customers," said Lindsey Wiedmann, chief legal and compliance officer, Nextpower. "This year’s report demonstrates measurable progress stemming from our focus on product innovation, disciplined execution, and supply chain quality across a global network of over 100 partner manufacturing facilities. These efforts help reduce environmental impact while enabling our customers to build faster, operate more reliably, and improve the long-term economics of critical power infrastructure."
Since the close of FY2026, Nextpower has also received higher ratings from two third-party ESG rating organizations. In July 2026, the company’s ISS STOXX ESG Corporate Rating improved from C+ to B-, maintained Prime status, and achieved a Decile Rank of 1 within its applicable industry classification. The company’s MSCI ESG Rating increased from A to AA, placing Nextpower in MSCI’s “Leader” category among 180 companies in the electrical equipment industry.
Download the full FY2026 Sustainability Report.
Key Highlights
Responsible Products and Supply Chain
Increased utilization of lower-carbon electric arc furnace (EAF) steel across Nextpower products
Showed greater renewable energy adoption among suppliers, lower-carbon logistics solutions, and packaging optimization
GHG Emissions and Accountability
Nextpower strengthened the targets, transparency, and accountability supporting its climate program during FY2026, including:
Received validation from the Science Based Targets initiative (SBTi) for targets to reduce absolute Scope 1 and 2 emissions by 58.8% and Scope 3 emissions by 63.8% per MW of solar tracker systems sold by FY2035
Reduced Scope 3 emissions intensity by 12% compared with FY2025 levels per MW of solar tracker systems sold
Expanded independent third-party limited assurance over greenhouse gas emissions inventory to include Scope 3, which currently represents the majority of the company's reported GHG footprint
Incorporated SBTi commitments into its corporate goals and performance-based executive compensation framework, strengthening management’s accountability for progress against the company’s climate targets
People and Culture
Volunteered and funded delivery of solar-powered lighting, battery storage, and refrigeration for 50 families in the Navajo Nation and the Hopi Tribe near Holbrook and Chinle, Arizona, with EPC customer SOLV Energy and the Skip the Grid initiative
Partnered with SD Foundation to provide scholarships to 213 students across India pursuing graduate degrees in science, engineering, and computer applications
Continued collaboration with the United Way of Hyderabad through the Rural Forestry Project and other projects, including planting nearly 4,500 native saplings and installing solar-powered LED streetlights in remote areas with limited grid access
Download the FY26 Sustainability Report. For additional information about Nextpower's sustainability program, visit www.nextpower.com/sustainability or reach out to the ESG team at esg@nextpower.com.
About Nextpower
Nextpower™ (Nasdaq: NXT) innovates and delivers integrated technology solutions for modern energy infrastructure. Its solar and energy storage platforms help customers design, build, and operate utility-scale power plants and other critical power infrastructure with faster project delivery, improved system performance, greater reliability, and long-term operational value. Building on more than a decade of energy technology leadership, Nextpower partners with customers worldwide to accelerate the deployment of reliable firm power needed for a rapidly electrifying world. Learn more at www.nextpower.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements relating to: Nextpower’s sustainability strategy, climate targets, emission reductions and expected progress toward its FY2035 targets; the validation of Nextpower’s climate targets by the Science Based Targets initiative and related third-party assurances; Nextpower’s past and future investment in lower-carbon materials and future reductions in emissions; and the potential benefits of Nextpower’s ESG strategies, including product innovations and customer benefits. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including but not limited to: our ability to execute our strategies, mission, plans, objectives and goals; our ability to integrate our recently completed acquisitions and to realize their anticipated benefits and synergies; the market demand for our products, solutions and services and our ability to deliver them to customers; projections regarding the U.S. and global demand for electricity and solar power; macro-economic trends; changes in emissions-measurement methodologies; technological developments; Nextpower’s ability to implement its sustainability initiatives and achieve its climate targets; changing business conditions in our industry and markets overall; and legislative, regulatory and economic developments. These forward-looking statements are based on various assumptions and on the current expectations of Nextpower’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 also described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Nextpower’s most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents that Nextpower has filed or will file with the Securities and Exchange Commission. There may be additional risks that Nextpower is not aware of or that Nextpower currently believes are immaterial that could also cause actual results to differ from these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Nextpower assumes no obligation to update these forward-looking statements.
Investor Relations Contact
Sarah Lee investor@nextpower.com
Media Contact
Brandy Lee media@nextpower.com