Nextracker has acquired Ojjo for $119 million, paying all-cash for the renewable energy company specializing in foundation technology and services used in utility-scale solar ground-mount applications.
Nextracker hopes to combine its tracker system with Ojjo’s foundation technology to offer EPCs and solar power plant developers to benefit from a solution for various soil conditions when developing, designing and installing their projects.
“We are thrilled to welcome Ojjo to Nextracker,” says Dan Shugar, founder and CEO of Nextracker.
“Our customers greatly value proven integrated solutions to improve project design, simplify procurement and reduce risk for their projects. This partnership builds on our successful product collaboration with Ojjo. Their team brings geotechnical products and expertise in foundation systems that are especially well-suited to rocky sites, with control system intellectual property that is broadly applicable to a range of equipment. This acquisition furthers our successful global tracker foundation business with next-generation, differentiated technology.”
The transaction closed this month, and is not expected to be material to fiscal 2025 results.
The post Nextracker Acquires Ojjo, Expanding Foundations Business appeared first on Solar Industry.
As a financially comfortable, educated, straight white male, one might think I’m impervious to any of Trump’s policies.
I have a weakness, however, and it’s one I share with virtually every other progressive on the planet–I care deeply the well-being of other people. It disturbs me greatly to see other people suffer, especially when that suffering would be so easily avoided.
At left is a great example of a fallacy called a “false dichotomy.”
We all crave information that backs up what we already believe, and, in general, Trump supporters have this going on in spades.
When we think about it, isn’t in possible to both protect American citizens and respect the Constitution rights all people living here?
What would one expect a sycophant to say?
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