Everything Dan Shugar said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Dan Shugar: A company is a team, not a family
“The company's not a family. It's a team.”
The Inflation Reduction Act is the greatest jobs bill ever created
“I believe we'll look back and we'll be able to say that the IRA was really probably the greatest jobs bill that's ever been created.”
Commercial fusion power still feels 25 years away, if ever
“In terms of things that have taken longer, I mean, when I was in engineering school back in the mid-eighties, people were talking about fusion power being available in about 25 years. That still feels like, you know, 25 years away, if ever.”
Shugar: Texas hailstorm destroyed non-Nextracker solar project, costing over $70 million
“He had just had a major hail event happen on one of his projects in Texas. It was on a, not a NexTracker system, but a different system. But the upshot was they had to replace all the solar panels on the entire project. It cost over seventy million dollars.”
Shugar: Nextracker uses an Apple-like outsourced manufacturing model
“We have a similar approach as some other technology companies like Apple. We really focus on where we can design and product position, strategy, customers, and so forth, rather than trying to run a world-class, you know, manufacturing facility, which is its ow…”
Shugar: Nextracker hail stow documentation reduced some customer insurance costs
“There are some cases where we're aware that customers were able to reduce their insurance costs by really good documentation on this stuff.”
Dan Shugar predicts energy storage duration will hit six hours soon
“We've seen energy storage, you know, go from one hours to two hours to four hours. You know, are we going to be six hours in a few years? Probably.”
Dan Shugar: Solar and storage were 84% of 2024 grid capacity additions
“Then, a few days ago, the report came out that in twenty-twenty-four, we just saw the latest data. Solar and storage account for 84% of the capacity added to the grid.”
Nextracker co-located manufacturing with JM Steel at Steel Dynamics' Texas mill
“For example two years ago, we announced a major manufacturing facility with our partner, JM Steel, physically on the campus of the newest steel mill in the United States, which is in Sinton, Texas. It's actually operated by Steel Dynamics. It's a three million…”
Shugar: COVID-19 doubled steel costs and tripled shipping costs within months
“We saw in about one to two quarters, steel roughly doubled, and logistics costs tripled in some corridors, shipping from point A to point B, in like four to six months.”
Shugar: Nextracker has over 20 US manufacturers shipping finished goods
“Today, we have over 20 major manufacturers in the U.S. Shipping finished goods”
Shugar: Nextracker sources from three of four top US steel mills
“We're sourcing from three of the top four steel mills in the United States that have multiple manufacturing locations.”
Shugar: Nextracker IPO'd after a 5-to-6-month market freeze
“When we went to go public, the market had been pretty much closed for five or six months. I don't think there was a single IPO, or certainly not a big one.”
Over 100 new cleantech factory announcements have occurred nationwide
“We're seeing that not only at NextTracker, but throughout the solar and cleantech industries with over a hundred factory announcements that are happening, and we're seeing a ramp up Throughout the value chain.”
Dan Shugar: Most crystalline solar panels today are bifacial
“Today, most of the crystalline panels are bifacial.”
the Green Blueprint 3
Catalyst 1