Nextracker acquires Origami Solar for US$53 million

Nextracker has acquired US steel solar frame maker Origami Solar for US$53 million, expanding into panel frame production to accelerate installations, support local supply chains and improve system durability.

The all-cash acquisition, worth about US$53 million including potential earnout payments, represents Nextracker’s entry into the solar panel frame sector. The deal brings in specialized design and engineering capabilities for panel frames, strengthening the company’s ability to drive innovation in integrated panel-tracker solutions.

Origami’s steel frames provide a stronger, more durable, and lower-carbon alternative to aluminum, with cost and supply chain advantages. Designed as drop-in replacements, they integrate seamlessly into existing manufacturing lines and have been tested by leading panel makers. Backed by four years of R&D and U.S. fabrication capacity, they enable faster scaling and open the door to innovations like robotic assembly.