NEXTracker, a Flex company, today announced a technology agreement with French solar tracker company, Optimum Tracker. NEXTracker has acquired key Optimum Tracker’s intellectual property (IP), including issued and pending patents, related to mechanical, electrical and software systems that will allow further differentiation of NEXTracker’s solar tracker portfolio of products and services. The acquired IP is especially relevant for NEXTracker’s ground-breaking TrueCapture control system, which increases typical PV power plant energy harvest by 2 to 6%. The strategic partnership will also enable the two companies to expand their market presence in the burgeoning Middle East, Southern Europe, North Africa and sub-Saharan Africa regions.
Solar tracker technology has firmly surpassed fixed-tilt solar applications for ground-mount utility-scale solar, with year-over-year growth of 32% in 2017, according to Greentech Media. This partnership is a strategic move for both companies to exploit their core competencies, differentiate their technologies and lower their customers’ levelized cost of energy in an increasingly competitive global marketplace.
Founded in 2009, Optimum Tracker is an innovation-driven company that specializes in design, manufacturing, commercialization and maintenance of patented solar trackers and fixed-tilt structures for utility-scale solar plants.