Nexamp Analysis
What is Nexamp?
Solar project development and operations with no upfront cost or long-term contracts
Employees
501-1000
Founded
2007
Industry
Renewable Energy
Market Share
9.1%
Product Features & Capabilities
- Community solar programs with no upfront cost or long-term contracts
- Solar project development and operations
- Energy storage solutions
- Power purchase agreements
- Standalone services for property owners and businesses
Other Considerations
Serves clients across the US; Offers 10-15% electricity cost savings; No sign-up or cancellation fees; Community solar programs available; Provides end-to-end solar lifecycle management
Recent News
- Funding for Clean Energy Mission - Nexamp raised $520 million to support its clean energy initiatives, positioning itself as a leading independent renewable energy provider and the largest community solar developer in the U.S. (Source: PR Newswire).
- New Solar Array in Edwardsville - The company is nearing completion of its second solar array in Madison County, which will help local customers save on their electricity costs (Source: The Edwardsville Intelligencer).
- Energy Storage Milestone - Nexamp has achieved a milestone of 100 MWh in operating energy storage, showcasing its capabilities in various energy storage applications (Source: AltEnergyMag).
- Partnership with Walmart - Nexamp has partnered with Walmart to provide renewable energy credits and tax benefits through a domestic module deal with Silfab, enhancing its project portfolio (Source: PV Tech).
Sustainability Initiatives
Nexamp engages in several sustainability initiatives and practices, including providing community solar solutions that allow individuals and businesses to save on electricity costs without the need for rooftop panels or upfront fees. They focus on promoting clean energy through energy storage solutions, hosting solar farms, and entering into power purchase agreements. Additionally, Nexamp aims to become carbon neutral and has set ambitious Environmental, Social, and Governance (ESG) goals, including plans for an all-electric fleet by 2025. Their commitment to sustainability is reflected in their various projects that contribute to renewable energy production and the reduction of CO2 emissions.
Competitors
- Equilibrium Energy - A company focused on providing innovative energy solutions, including community solar projects that allow customers to benefit from solar energy without the need for installation on their properties.
- SunPower - A leading solar technology and energy services provider that offers residential and commercial solar solutions, including community solar programs that enable customers to access solar energy without installing panels on their roofs.
- Orb Energy
- Standard Solar - A prominent developer and asset owner in the community solar space, Standard Solar focuses on expanding renewable energy access through community solar projects, enhancing grid reliability, and supporting local communities.
- Ampion - A community solar provider that partners with local governments and organizations to deliver solar savings to low-income residents and expand community solar programs across multiple states.
- Arcadia - A technology company that connects customers to community solar projects, allowing them to save on energy costs while supporting renewable energy initiatives.
- PowerMarket
- Common Energy - A community solar provider that focuses on expanding access to solar energy for all, including low-income households, through innovative subscription models and partnerships.
- Clearway Community Solar - Offers a subscription-based model for community solar, allowing customers to benefit from solar energy without the need for installation, with flexible options for cancellation.
HQ Full Address
Nexamp is headquartered in Boston, MA, and has a second headquarters in Chicago, IL.
