{"success":true,"data":{"pressRelease":{"id":"132731","rtpr_id":"nBw2YR47Ka","ticker":"NXT","exchange":"NASDAQ","all_tickers":["NXT"],"title":"Nextpower Releases Fiscal Year 2026 Sustainability Report, Highlights SBTi Validation and 12% Reduction in Scope 3 Emissions Intensity","author":"Business Wire","published_at":"2026-09-01T13:05:00.192Z","article_body":"Nextpower Releases Fiscal Year 2026 Sustainability Report, Highlights SBTi\nValidation and 12% Reduction in Scope 3 Emissions Intensity\n\nCompany expands independent third-party assurance, integrated technology\nsystems, and use of lower-carbon steel\n\nNextpower\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnextpower.com%2F&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=Nextpower&index=1&md5=4f9c4da6dce10e084bd9811fcf208b07)\n™ (Nasdaq: NXT), a leading provider of clean power technology solutions,\ntoday published its fiscal year 2026 Sustainability Report, highlighting its\nenvironmental, social, and governance (ESG) progress across its operations,\nglobal supply chain, products, and expanding technology solutions platform.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260901636368/en/\n(https://www.businesswire.com/news/home/20260901636368/en/)\n\nNextpower Releases Fiscal Year 2026 Sustainability Report\n\nThe company’s third annual report, and the first published under the\nNextpower brand, highlights the validation of the company’s climate targets\nby the Science Based Targets initiative (SBTi), expanded independent\nthird-party assurance across scope 1, 2, and 3 GHG emissions, and continued\ninvestment in lower-carbon materials, product innovation, and responsible\nsupply chain operations. It also details a 12% reduction in Scope 3 emissions\nintensity compared with FY2025 levels due in part to the use of lower carbon\nelectric arc furnace (EAF) steel in its products. The report also expands the\ndepth and transparency of its ESG disclosures.\n\n“Sustainability is embedded in how we engineer products, operate our\nbusiness, and create long-term value for our customers,\" said Lindsey\nWiedmann, chief legal and compliance officer, Nextpower. \"This year’s report\ndemonstrates measurable progress stemming from our focus on product\ninnovation, disciplined execution, and supply chain quality across a global\nnetwork of over 100 partner manufacturing facilities. These efforts help\nreduce environmental impact while enabling our customers to build faster,\noperate more reliably, and improve the long-term economics of critical power\ninfrastructure.\"\n\nSince the close of FY2026, Nextpower has also received higher ratings from two\nthird-party ESG rating organizations. In July 2026, the company’s ISS STOXX\nESG Corporate Rating improved from C+ to B-, maintained Prime status, and\nachieved a Decile Rank of 1 within its applicable industry classification. The\ncompany’s MSCI ESG Rating increased from A to AA, placing Nextpower in\nMSCI’s “Leader” category among 180 companies in the electrical equipment\nindustry.\n\nDownload the full FY2026 Sustainability Report\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finfo.nextpower.com%2Fhubfs%2FFY26-Sustainability-Report.pdf&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=full+FY2026+Sustainability+Report&index=2&md5=842ed19c2f191f68c6fd4e72ec06084e)\n.\n\nKey Highlights\n\nResponsible Products and Supply Chain\n\n\n * Increased utilization of lower-carbon electric arc furnace (EAF) steel across\nNextpower products\n\n * Showed greater renewable energy adoption among suppliers, lower-carbon\nlogistics solutions, and packaging optimization\n\nGHG Emissions and Accountability\n\nNextpower strengthened the targets, transparency, and accountability\nsupporting its climate program during FY2026, including:\n\n\n * Received validation from the Science Based Targets initiative (SBTi) for\ntargets to reduce absolute Scope 1 and 2 emissions by 58.8% and Scope 3\nemissions by 63.8% per MW of solar tracker systems sold by FY2035\n\n * Reduced Scope 3 emissions intensity by 12% compared with FY2025 levels per MW\nof solar tracker systems sold\n\n * Expanded independent third-party limited assurance over greenhouse gas\nemissions inventory to include Scope 3, which currently represents the\nmajority of the company's reported GHG footprint\n\n * Incorporated SBTi commitments into its corporate goals and performance-based\nexecutive compensation framework, strengthening management’s accountability\nfor progress against the company’s climate targets\n\nPeople and Culture\n\n\n * Volunteered and funded delivery of solar-powered lighting, battery storage,\nand refrigeration for 50 families in the Navajo Nation and the Hopi Tribe near\nHolbrook and Chinle, Arizona, with EPC customer SOLV Energy and the Skip the\nGrid initiative\n\n * Partnered with SD Foundation to provide scholarships to 213 students across\nIndia pursuing graduate degrees in science, engineering, and computer\napplications\n\n * Continued collaboration with the United Way of Hyderabad through the Rural\nForestry Project and other projects, including planting nearly 4,500 native\nsaplings and installing solar-powered LED streetlights in remote areas with\nlimited grid access\n\nDownload the FY26 Sustainability Report\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finfo.nextpower.com%2Fhubfs%2FFY26-Sustainability-Report.pdf&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=Download+the+FY26+Sustainability+Report&index=3&md5=3451641cdc9dd72fb6e776348ac95014)\n. For additional information about Nextpower's sustainability program, visit\nwww.nextpower.com/sustainability\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.nextpower.com%2Fsustainability&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=www.nextpower.com%2Fsustainability&index=4&md5=52f8d75e0d1b2034928abdb61c542147)\nor reach out to the ESG team at esg@nextpower.com (mailto:esg@nextpower.com) .\n\nAbout Nextpower\n\nNextpower(™) (Nasdaq: NXT) innovates and delivers integrated technology\nsolutions for modern energy infrastructure. Its solar and energy storage\nplatforms help customers design, build, and operate utility-scale power plants\nand other critical power infrastructure with faster project delivery, improved\nsystem performance, greater reliability, and long-term operational value.\nBuilding on more than a decade of energy technology leadership, Nextpower\npartners with customers worldwide to accelerate the deployment of reliable\nfirm power needed for a rapidly electrifying world. Learn more at\nwww.nextpower.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.nextpower.com&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=www.nextpower.com&index=5&md5=cfd5902abb4d40d6e158e83e55a1d6e4)\n.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, including without\nlimitation, statements relating to: Nextpower’s sustainability strategy,\nclimate targets, emission reductions, and expected progress toward its FY2035\ntargets; the validation of Nextpower’s climate targets by the Science Based\nTargets initiative and related third-party assurances; Nextpower’s past and\nfuture investment in lower-carbon materials and future reductions in\nemissions; and the potential benefits of Nextpower’s ESG strategies,\nincluding product innovations and customer benefits. These forward-looking\nstatements are only predictions and may differ materially from actual results\ndue to a variety of factors including but not limited to: our ability to\nexecute our strategies, mission, plans, objectives and goals; our ability to\nintegrate our recently completed acquisitions and to realize their anticipated\nbenefits and synergies; the market demand for our products, solutions and\nservices and our ability to deliver them to customers; projections regarding\nthe U.S. and global demand for electricity and solar power; macro-economic\ntrends; changes in emissions-measurement methodologies; technological\ndevelopments; Nextpower’s ability to implement its sustainability\ninitiatives and achieve its climate targets; changing business conditions in\nour industry and markets overall; and legislative, regulatory and economic\ndevelopments. These forward-looking statements are based on various\nassumptions and on the current expectations of Nextpower’s management. These\nstatements involve risks and uncertainties that could cause the actual results\nto differ materially from those anticipated by these forward-looking\nstatements, including risks and uncertainties that are also described under\n“Risk Factors” and “Management’s Discussion and Analysis of Financial\nCondition and Results of Operations” in Nextpower’s most recent Quarterly\nReport on Form 10-Q, Annual Report on Form 10-K and other documents that\nNextpower has filed or will file with the Securities and Exchange Commission.\nThere may be additional risks that Nextpower is not aware of or that Nextpower\ncurrently believes are immaterial that could also cause actual results to\ndiffer from these forward-looking statements. Readers are cautioned not to\nplace undue reliance on these forward-looking statements. Nextpower assumes no\nobligation to update these forward-looking statements.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260901636368/en/\n(https://www.businesswire.com/news/home/20260901636368/en/)\n\nInvestor Relations Contact \n\nSarah Lee\n\ninvestor@nextpower.com (mailto:investor@nextpower.com)\n\nMedia Contact \n\nBrandy Lee\n\nmedia@nextpower.com (mailto:media@nextpower.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2YR47Ka","title":"Nextpower Releases Fiscal Year 2026 Sustainability Report, Highlights SBTi Validation and 12% Reduction in Scope 3 Emissions Intensity","author":"Business Wire","ticker":"NXT","created":"2026-09-01T13:05:00.192Z","tickers":["NXT"],"exchange":"NASDAQ","article_body":"Nextpower Releases Fiscal Year 2026 Sustainability Report, Highlights SBTi\nValidation and 12% Reduction in Scope 3 Emissions Intensity\n\nCompany expands independent third-party assurance, integrated technology\nsystems, and use of lower-carbon steel\n\nNextpower\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnextpower.com%2F&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=Nextpower&index=1&md5=4f9c4da6dce10e084bd9811fcf208b07)\n™ (Nasdaq: NXT), a leading provider of clean power technology solutions,\ntoday published its fiscal year 2026 Sustainability Report, highlighting its\nenvironmental, social, and governance (ESG) progress across its operations,\nglobal supply chain, products, and expanding technology solutions platform.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260901636368/en/\n(https://www.businesswire.com/news/home/20260901636368/en/)\n\nNextpower Releases Fiscal Year 2026 Sustainability Report\n\nThe company’s third annual report, and the first published under the\nNextpower brand, highlights the validation of the company’s climate targets\nby the Science Based Targets initiative (SBTi), expanded independent\nthird-party assurance across scope 1, 2, and 3 GHG emissions, and continued\ninvestment in lower-carbon materials, product innovation, and responsible\nsupply chain operations. It also details a 12% reduction in Scope 3 emissions\nintensity compared with FY2025 levels due in part to the use of lower carbon\nelectric arc furnace (EAF) steel in its products. The report also expands the\ndepth and transparency of its ESG disclosures.\n\n“Sustainability is embedded in how we engineer products, operate our\nbusiness, and create long-term value for our customers,\" said Lindsey\nWiedmann, chief legal and compliance officer, Nextpower. \"This year’s report\ndemonstrates measurable progress stemming from our focus on product\ninnovation, disciplined execution, and supply chain quality across a global\nnetwork of over 100 partner manufacturing facilities. These efforts help\nreduce environmental impact while enabling our customers to build faster,\noperate more reliably, and improve the long-term economics of critical power\ninfrastructure.\"\n\nSince the close of FY2026, Nextpower has also received higher ratings from two\nthird-party ESG rating organizations. In July 2026, the company’s ISS STOXX\nESG Corporate Rating improved from C+ to B-, maintained Prime status, and\nachieved a Decile Rank of 1 within its applicable industry classification. The\ncompany’s MSCI ESG Rating increased from A to AA, placing Nextpower in\nMSCI’s “Leader” category among 180 companies in the electrical equipment\nindustry.\n\nDownload the full FY2026 Sustainability Report\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finfo.nextpower.com%2Fhubfs%2FFY26-Sustainability-Report.pdf&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=full+FY2026+Sustainability+Report&index=2&md5=842ed19c2f191f68c6fd4e72ec06084e)\n.\n\nKey Highlights\n\nResponsible Products and Supply Chain\n\n\n * Increased utilization of lower-carbon electric arc furnace (EAF) steel across\nNextpower products\n\n * Showed greater renewable energy adoption among suppliers, lower-carbon\nlogistics solutions, and packaging optimization\n\nGHG Emissions and Accountability\n\nNextpower strengthened the targets, transparency, and accountability\nsupporting its climate program during FY2026, including:\n\n\n * Received validation from the Science Based Targets initiative (SBTi) for\ntargets to reduce absolute Scope 1 and 2 emissions by 58.8% and Scope 3\nemissions by 63.8% per MW of solar tracker systems sold by FY2035\n\n * Reduced Scope 3 emissions intensity by 12% compared with FY2025 levels per MW\nof solar tracker systems sold\n\n * Expanded independent third-party limited assurance over greenhouse gas\nemissions inventory to include Scope 3, which currently represents the\nmajority of the company's reported GHG footprint\n\n * Incorporated SBTi commitments into its corporate goals and performance-based\nexecutive compensation framework, strengthening management’s accountability\nfor progress against the company’s climate targets\n\nPeople and Culture\n\n\n * Volunteered and funded delivery of solar-powered lighting, battery storage,\nand refrigeration for 50 families in the Navajo Nation and the Hopi Tribe near\nHolbrook and Chinle, Arizona, with EPC customer SOLV Energy and the Skip the\nGrid initiative\n\n * Partnered with SD Foundation to provide scholarships to 213 students across\nIndia pursuing graduate degrees in science, engineering, and computer\napplications\n\n * Continued collaboration with the United Way of Hyderabad through the Rural\nForestry Project and other projects, including planting nearly 4,500 native\nsaplings and installing solar-powered LED streetlights in remote areas with\nlimited grid access\n\nDownload the FY26 Sustainability Report\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finfo.nextpower.com%2Fhubfs%2FFY26-Sustainability-Report.pdf&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=Download+the+FY26+Sustainability+Report&index=3&md5=3451641cdc9dd72fb6e776348ac95014)\n. For additional information about Nextpower's sustainability program, visit\nwww.nextpower.com/sustainability\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.nextpower.com%2Fsustainability&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=www.nextpower.com%2Fsustainability&index=4&md5=52f8d75e0d1b2034928abdb61c542147)\nor reach out to the ESG team at esg@nextpower.com (mailto:esg@nextpower.com) .\n\nAbout Nextpower\n\nNextpower(™) (Nasdaq: NXT) innovates and delivers integrated technology\nsolutions for modern energy infrastructure. Its solar and energy storage\nplatforms help customers design, build, and operate utility-scale power plants\nand other critical power infrastructure with faster project delivery, improved\nsystem performance, greater reliability, and long-term operational value.\nBuilding on more than a decade of energy technology leadership, Nextpower\npartners with customers worldwide to accelerate the deployment of reliable\nfirm power needed for a rapidly electrifying world. Learn more at\nwww.nextpower.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.nextpower.com&esheet=54597190&newsitemid=20260901636368&lan=en-US&anchor=www.nextpower.com&index=5&md5=cfd5902abb4d40d6e158e83e55a1d6e4)\n.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, including without\nlimitation, statements relating to: Nextpower’s sustainability strategy,\nclimate targets, emission reductions, and expected progress toward its FY2035\ntargets; the validation of Nextpower’s climate targets by the Science Based\nTargets initiative and related third-party assurances; Nextpower’s past and\nfuture investment in lower-carbon materials and future reductions in\nemissions; and the potential benefits of Nextpower’s ESG strategies,\nincluding product innovations and customer benefits. These forward-looking\nstatements are only predictions and may differ materially from actual results\ndue to a variety of factors including but not limited to: our ability to\nexecute our strategies, mission, plans, objectives and goals; our ability to\nintegrate our recently completed acquisitions and to realize their anticipated\nbenefits and synergies; the market demand for our products, solutions and\nservices and our ability to deliver them to customers; projections regarding\nthe U.S. and global demand for electricity and solar power; macro-economic\ntrends; changes in emissions-measurement methodologies; technological\ndevelopments; Nextpower’s ability to implement its sustainability\ninitiatives and achieve its climate targets; changing business conditions in\nour industry and markets overall; and legislative, regulatory and economic\ndevelopments. These forward-looking statements are based on various\nassumptions and on the current expectations of Nextpower’s management. These\nstatements involve risks and uncertainties that could cause the actual results\nto differ materially from those anticipated by these forward-looking\nstatements, including risks and uncertainties that are also described under\n“Risk Factors” and “Management’s Discussion and Analysis of Financial\nCondition and Results of Operations” in Nextpower’s most recent Quarterly\nReport on Form 10-Q, Annual Report on Form 10-K and other documents that\nNextpower has filed or will file with the Securities and Exchange Commission.\nThere may be additional risks that Nextpower is not aware of or that Nextpower\ncurrently believes are immaterial that could also cause actual results to\ndiffer from these forward-looking statements. Readers are cautioned not to\nplace undue reliance on these forward-looking statements. Nextpower assumes no\nobligation to update these forward-looking statements.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260901636368/en/\n(https://www.businesswire.com/news/home/20260901636368/en/)\n\nInvestor Relations Contact \n\nSarah Lee\n\ninvestor@nextpower.com (mailto:investor@nextpower.com)\n\nMedia Contact \n\nBrandy Lee\n\nmedia@nextpower.com (mailto:media@nextpower.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-01T13:05:00.265858102Z","server_sent_at_ms":1788267900265},"received_at":"2026-09-01T13:05:00.385Z","source_url":"https://www.businesswire.com/news/home/20260901636368/en/"},"analysis":{"id":"121629","press_release_id":"132731","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":[],"eventType":"other","narrative":"Nextpower released its FY2026 Sustainability Report, detailing a 12% reduction in Scope 3 emissions intensity and securing validation 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