Nextpower Inc.

Unless the context requires otherwise, references in this Annual Report on Form 10-K to Nextpower, the Company, we, us and our mean Nextpower Inc. and its consolidated subsidiaries (formerly known as Nextracker Inc.) Our vision We envision a world electrified by clean energy. Our mission Our mission is to be the trusted partner delivering the world’s most intelligent, reliable, and productive clean-power technology. Overview We are a leading global provider of solar and energy technology solutions for utility-scale power plants. Founded in 2013 by our Chief Executive Officer, Dan Shugar, we pioneered and remain the global market leader in solar tracking systems. We now deliver an integrated suite of structural, electrical, and digital solutions across the full lifecycle of solar power plants, from design and construction through operations and maintenance. Our integrated solutions are designed to streamline project execution, increase energy yield and long-term reliability, and enhance customer return on investment ( ROI ). The solar tracker market plays a key part in driving the global energy transition by increasing energy production and improving the levelized cost of energy ( LCOE ). The majority of utility-scale projects installed today in mature markets such as the United States, India, Latin America, Australia and parts of Europe use solar trackers, and adoption of solar tracker technology continues to grow in developing solar markets such as the Middle East and Africa.