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Benzinga
Benzinga
Business
Akanksha Bakshi

Investors Cheer Nextracker-T1 Energy Collaboration To Boost American Solar Production

TE Nextracker T1 NXT Nasdaq NYSE
Solar energy

Nextracker Inc. (NASDAQ:NXT) has entered into a strategic framework agreement with T1 Energy Inc. (NYSE:TE) to incorporate its patented steel module frame technology into T1 Energy's upcoming 5-gigawatt G1 Dallas solar manufacturing plant.

The collaboration aims to shift the U.S. solar industry away from dependence on imported aluminum frames, expanding the use of domestically sourced specialty steel and strengthening American solar supply chains.

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