Dan Shugar, CEO of solar tracker company Nextracker, explains the company's capital-light operational strategy on The Green Blueprint.
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“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 own animal and skill set.”
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More from Dan Shugar
Insight
Dan Shugar: A company is a team, not a family
“The company's not a family. It's a team.”
Dan ShugarMar 26, 2025▶ 26:27Nextracker's blueprint for 100 gigawatts of solar trackers
AssertionPartly supported
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.”
Dan ShugarMar 26, 2025▶ 5:20Nextracker's blueprint for 100 gigawatts of solar trackers
AssertionNot checkable as stated
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 ShugarMar 26, 2025▶ 23:11Nextracker's blueprint for 100 gigawatts of solar trackers
PredictionOpen · timeframe Mar 2028
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 ShugarMar 26, 2025▶ 27:49Nextracker's blueprint for 100 gigawatts of solar trackers
AssertionSupported
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.”
Dan ShugarMar 26, 2025▶ 29:06Nextracker's blueprint for 100 gigawatts of solar trackers
AssertionSupported
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…”
Dan ShugarMar 26, 2025▶ 13:14Nextracker's blueprint for 100 gigawatts of solar trackers
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