Overview
- The all-cash transaction totals about $53 million, including contingent earnout consideration, and marks Nextracker’s entry into the solar panel frame market.
- Origami’s roll-formed steel frames are pitched as stronger, cost-competitive, and lower carbon than conventional extruded aluminum frames.
- The frames are engineered as drop-in replacements, have undergone third-party laboratory testing, and have been qualified by leading panel manufacturers.
- U.S.-based fabrication capacity is in place to support scaling, building on Origami’s previously announced partnerships with steel fabricators in Ohio and Texas.
- Nextracker plans to integrate frame design expertise to optimize panel‑tracker solutions and explore robotic assembly, while estimating a U.S. frame market above $750 million and noting standard integration and adoption risks.