“Exploring the $119 Million Acquisition: Nextracker Unites with Ojjo in Sustainable Solar Venture”

Hello, to all the future-oriented thinkers out there. As a solar expert, I am often asked questions about the latest developments in the solar industry. Today, let’s talk about something genuinely groundbreaking – a unique truss system that has the potential to revolutionize how we think about solar arrays for homes. The company behind this is Ojjo.

Ojjo isn’t just any solar company. This California-based renewable energy enterprise specializes in designing and producing incredibly innovative systems for utility-scale projects. The main edge they possess is a truss technique that reportedly minimizes grading requirements and uses just half the steel of conventional foundations. Isn’t that amazing?

This truss is no less than an engineering marvel. Between its underground anchors, above-ground legs, and a truss cap, it is designed to be robust yet flexible. The company reports that their Earth Truss offers over four feet of reveal tolerance, irrespective of truss height, which as mentioned previously, brings down the grading requirements considerably.

Here’s the kicker – Ojjo’s foundation technology is centered around a hollow Screw Anchor, complete with a welded crimp collar at the top and a hollow tip at the end. This can certainly make potential solar panels for your home more cost-effective and usable. In terms of implementation, the company has an automated Truss Driver machine that aids in installations.

To give you an idea of the scale and success of this, Ojjo claims that it has delivered over 2 GW of truss foundations so far, showing that this system has serious mileage. They even worked on a monumental 690 MW standalone solar project in the Mojave Desert of Nevada.

Now, onto why we’re talking about this today. Ojjo was recently acquired by Nextracker, a global provider of intelligent solar tracker and software solutions, for a whopping $119 million.

You may be asking, why did Nextracker acquire Ojjo? Well, the answer is simple and intuitive. Together, these solar companies combine intelligent software solutions and a unique foundation system. It is a potent combo indeed, one that can offer developers and EPC firms an all-inclusive solution for various soil conditions.

The value addition of Ojjo’s patented foundations portfolio coupled with Nextracker systems extends possibilities and marks a milestone in Nextracker’s existing foundation capabilities.

But don’t worry! If you are considering other compatible solar trackers, Ojjo technology will continue to be available.

In closing this, I must express my excitement about where this merger will lead in terms of shaping the solar industry’s future. Stay tuned for more exciting updates, and keep on exploring solar array for home options, as now, there are even more possibilities than ever before. Let our future be as bright as our sharpest solar company’s minds!

Original Articlehttps://pv-magazine-usa.com/2024/06/20/nextracker-acquires-solar-foundation-specialist-ojjo-for-119-million/

Leave a Comment

Your email address will not be published. Required fields are marked *