Canvas Category: OEM : Electrical Equipment
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☀️ Utility-scale solar installation goes automated
Terabase announced it is launching an automated utility-scale solar installation system, dubbed Terafab. The company describes the service as an automated “field factory” that can double installation productivity. The installation system makes use of digital twins, logistics software, an on-site digital command center, a field-deployed automated assembly line, and installation rovers that can operate 24/7.
“We successfully field-tested Terafab last year, building 10 MW of a 400 MW site in Texas. Today’s launch is the next step forward to rapid commercial scale-up,” said Matt Campbell, chief executive officer and co-founder of Terabase. Terabase has partnered with developer Intersect Power, engineering, procurement and construction firm Signal Energy, tracking hardware provider NEXtracker, and solar panel manufacturer First Solar to develop the Terafab facility. Terafab is pegged for commercial deployment starting in Q3 2023.
Nextracker Announces Launch of Initial Public Offering
Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. (“Nextracker”), has launched the roadshow for its initial public offering of 23,255,814 shares of its Class A common stock (“Common Stock”). The underwriters of the offering will also have a 30-day option to purchase from Nextracker up to 3,488,372 additional shares of Common Stock. The initial public offering price is expected to be between $20.00 and $23.00 per share. Nextracker has applied to list its Common Stock on the Nasdaq Global Select Market under the ticker symbol “NXT.”