Nextracker CEO Dan Shugar Named S&P Global’s ‘Chief Trailblazer of the Year’ at the 25th Annual Platts Global Energy Awards

Rhea-AI Summary

Nextracker (NXT) CEO Dan Shugar named Chief Trailblazer of the Year at S&P Global’s 25th Annual Platts Global Energy Awards for his leadership and contributions to solar technology innovation. Nextracker's proprietary technology has over 85-gigawatts capacity across six continents, helping plant owners produce more energy, lower operating costs, and deliver significant ROI advantages.

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• Dan Shugar's recognition as Chief Trailblazer of the Year highlights his leadership and contributions to solar technology innovation, showcasing Nextracker's success in pioneering and commercializing the industry's first independent-row, single-axis solar tracker systems and software solutions.
• Nextracker's proprietary technology with over 85-gigawatts capacity across six continents demonstrates the company's success in overcoming various topographical and climate conditions, resulting in increased energy production, lower operating costs, and significant ROI advantages for plant owners.
• Dan Shugar's commitment to introducing solutions to reduce costs and accelerate the global scaling of energy, as well as his extensive experience and leadership in the global solar power sector, position Nextracker as a market leader and one of the most successful solar technology companies in the world.

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FREMONT, Calif.--(BUSINESS WIRE)-- Nextracker (Nasdaq: NXT) announced today that its founder and CEO Dan Shugar was named Chief Trailblazer of the Year at S&P Global’s 25^th Annual Platts Global Energy Awards. Judges selected Mr. Shugar for his leadership and contributions to industry-critical solar technology innovation supporting the global energy transition to more reliable, secure, and cleaner energy.

Nextracker founder and CEO Dan Shugar is named Chief Trailblazer of the Year at the Platts Global Energy Awards. (Photo: Nextracker)

Under Dan’s leadership, Nextracker successfully pioneered and commercialized the industry’s first independent-row, single-axis solar tracker systems and software solutions that optimize and increase energy production for utility-scale and ground-mounted distributed generation solar projects. Now with more than 85-gigawatts capacity across six continents, Nextracker’s proprietary technology helps plant owners overcome a broad range of topographical and climate conditions to produce more energy, lower operating costs and deliver significant ROI advantages.

Through technology innovation and establishing domestic manufacturing capacity partnerships, Dan Shugar is committed to introducing solutions to reduce costs to accelerate global scaling of global energy. An engineer by training and technology pioneer in the global solar power sector for 35 years, Dan Shugar has served in leadership positions and has been integral to the success of several solar power companies. Most recently, he founded Nextracker, now regarded as a market leader and one of the most successful solar technology companies in the world today demonstrated by its successful initial public offering in February this year on the Nasdaq exchange. Mr. Shugar has also appeared as a keynote speaker for several global business, financial and solar technology conferences around the world and has published over 50 technical publications.

S&P Global Commodity Insights, the leading global independent provider of data, insights, analysis and benchmark prices for the commodities, energy and energy transition markets, honored winners from a dozen countries at the Platts Global Energy Awards gala held at the Cipriani Wall Street in downtown New York City on Dec. 7, 2023. The Awards program, now in its 25^th year and often described as the “Oscars of the energy industry,” recognizes corporate and individual innovation, leadership, and performance in the energy and petrochemicals sectors, and bestows honors on companies from all over the world.

Saugata Saha, President of S&P Global Commodity Insights, said: “At this celebratory quarter-of-a-century milestone for the Platts Global Energy Awards, we are particularly honored by the industry’s continued recognition of the program as the energy industry’s longstanding premier awards event and welcome the opportunity to congratulate not only the finalists and winners of 2023 but those across the history of the event. Each has contributed not only to a better energy future, but in recent years, has demonstrated an enhanced commitment to greater community service, energy security and a more sustainable energy transition.”

An independent panel of judges chose the winners of the 2023 Platts Global Energy Awards from finalists selected from nominations that represented 33 different countries. For details of these and other Awards winners of this year’s Platts Global Energy Awards, access the December issue of the S&P Global Commodity Insights Magazine, titled, “Financing the Energy Transition,” or visit the Platts Global Energy Awards website.

About S&P Global Commodity Insights

At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value. We’re a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping, and energy transition. Platts^® products and services, including leading benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights. S&P Global Commodity Insights maintains clear structural and operational separation between its price assessment activities and the other activities carried out by S&P Global Commodity Insights and the other business divisions of S&P Global.

S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity, and automotive markets. For more information visit https://www.spglobal.com/commodityinsights.

About Nextracker

Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Our products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. With an operating fleet in over thirty countries, Nextracker leads the solar industry with solar tracker technologies that increase energy production while reducing costs for significant plant ROI. For more information, please visit www.nextracker.com.

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Media & Press

Kristan Kirsh

SVP, Global Marketing

+1-650-814-1273

Media@nextracker.com

Source: Nextracker

FAQ

What award did Dan Shugar receive at the Platts Global Energy Awards?

Dan Shugar was named Chief Trailblazer of the Year at S&P Global’s 25th Annual Platts Global Energy Awards for his leadership and contributions to solar technology innovation.

What is Nextracker's proprietary technology's capacity and reach?

Nextracker's proprietary technology has over 85-gigawatts capacity across six continents, helping plant owners produce more energy, lower operating costs, and deliver significant ROI advantages.

What is Dan Shugar's commitment to reducing costs and accelerating the global scaling of energy?

Dan Shugar is committed to introducing solutions to reduce costs and accelerate the global scaling of energy, leveraging Nextracker's technology and his extensive experience and leadership in the global solar power sector.

What is the significance of Nextracker's successful initial public offering in February?

Nextracker's successful initial public offering in February on the Nasdaq exchange demonstrates the company's position as a market leader and one of the most successful solar technology companies in the world.

What does Nextracker's technology aim to achieve for plant owners?

Nextracker's technology aims to help plant owners overcome a broad range of topographical and climate conditions to produce more energy, lower operating costs, and deliver significant ROI advantages.