Associated tags: Renewable energy, Electricity
Locations: CHICAGO, BOSTON, TEXAS, NEW YORK CITY, NORTH AMERICA, NEVADA, LAKE, DOWN, RANGELEY, MASSACHUSETTS, ILLINOIS
Retrieved on:
Wednesday, April 10, 2024
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Renewable energy BOSTON, April 10, 2024 /PRNewswire/ -- Nexamp, a leading independent renewable energy provider and the nation's largest community solar developer and owner, announced today that it has secured $520 million in a capital raise led by Manulife Investment Management, alongside existing investors Diamond Generating Corporation and Generate Capital. The company will leverage the investment to expedite deployment of its national project pipeline, accelerate expansion and developer partnerships in new and existing markets, and fuel the continued growth of its generation and consumer-driven offerings.
Key Points:
- The scale of the investment reflects the immense surge in demand for renewable power across the country and a growing appreciation within the investor community of the essential need to balance utility-scale infrastructure with reliable distributed power solutions in navigating the clean energy transition.
- "This landmark financing comes at a pivotal moment in the evolution of America's energy economy, and underscores the indispensable role of community solar in democratizing access to clean, affordable energy solutions for every American," said Nexamp CEO Zaid Ashai.
- "This unprecedented investment reflects swelling confidence in the ability of independent renewable energy providers to reimagine outmoded infrastructure and reshape our grid.
- "Nexamp has been at the forefront of a distributed energy revolution in the United States, and we're thrilled to expand our partnership."
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Renewable energy Nexamp’s portfolio represents a total solar capacity of 170 megawatts.
Key Points:
- Nexamp’s portfolio represents a total solar capacity of 170 megawatts.
- The award increases CAMS’ renewable assets under management to over 5.6 gigawatts located throughout the U.S. and Puerto Rico.
- CAMS scope of services includes sites and array inspection, inverter maintenance, data acquisition system and weather station maintenance, and post-electrical maintenance documentation.
- CAMS’ team of asset managers provides executive leadership and project management across multiple disciplines, handling day-to-day activities on behalf of clients.
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Renewable energy BOSTON, Jan. 22, 2024 /PRNewswire/ -- Nexamp, the nation's largest community solar provider, announced today that its office in Chicago, Illinois, will serve as the company's second national headquarters. By 2026, Nexamp expects to add an additional 50 team members in Chicago, building on the company's commitment to the Midwest. This expansion is part of more than $2 billion in planned investments in Illinois through its existing projects and development pipeline.
Key Points:
- By 2026, Nexamp expects to add an additional 50 team members in Chicago, building on the company's commitment to the Midwest.
- This expansion is part of more than $2 billion in planned investments in Illinois through its existing projects and development pipeline.
- "We began our work in Illinois in 2018 in response to the Future Energy Jobs Act, which created the state's first community solar program and sought to accelerate Illinois' decarbonization efforts," said Nexamp CEO Zaid Ashai.
- Nexamp builds, owns, and operates community solar and storage projects that feed renewable energy to the power grid.
Retrieved on:
Monday, November 27, 2023
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Saddleback Mountain As the largest independent ski resort in Maine welcoming over 90,000 visitors during peak skiing season, Saddleback has been recognized by DownEast magazine twice as Maine’s ‘Best Ski Mountain’.
Key Points:
- As the largest independent ski resort in Maine welcoming over 90,000 visitors during peak skiing season, Saddleback has been recognized by DownEast magazine twice as Maine’s ‘Best Ski Mountain’.
- The property has 42 private and shared dormitory-style units and is located on a 4.3-acre slope-side mountain footprint.
- Saddleback Ski Resort currently pays for or subsidizes off-mountain rental accommodations for seasonal staff as a benefit to attract and retain workers.
- During the ski season, the resort has over 250 full- and part-time employees with roughly 50 employees during the summer.
Retrieved on:
Thursday, September 7, 2023
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Maintenance Key Points:
- View the full release here: https://www.businesswire.com/news/home/20230907696936/en/
Using crewed aircraft to capture aerial imagery and thermal scans, Zeitview successfully recorded data on 95 GW of the United States fleet of solar power plants during the 2023 North American Solar Scan.
- On average, larger plants tend to be healthy, with more than 50% of the 100 MW and larger fleets in excellent or good condition.
- Using crewed aircraft to capture aerial imagery and thermal scans, Zeitview successfully recorded asset condition data on 95 GW of the United States fleet of solar power plants during the 2023 North American Solar Scan.
- Zeitview applies a three-letter asset rating system from AAA to DDD upon scan completion to reflect a site's condition.
Retrieved on:
Thursday, August 31, 2023
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Renewable energy BOSTON, Aug. 31, 2023 /PRNewswire/ -- In a groundbreaking stride towards clean energy advancement, Nexamp, the nation's largest community solar provider, announced yesterday a new strategic partnership with Heliene, Inc., a customer-first provider of North American-made solar modules, that represents the largest community solar module order in U.S. history.
Key Points:
- U.S. Secretary of Energy Jennifer M. Granholm joined Heliene and Nexamp to announce new partnership
This monumental order provides Nexamp access to 1.5GW of modules that will be produced at Heliene's Minnesota facility.
- Projects like these demonstrate the real-world impact of policies like the IRA—strengthening domestic supply chains by growing U.S. solar manufacturing capacity.
- "A solar order of this size is without precedent and comes at a critical time as the U.S. continues to develop its solar supply chain.
- "This strategic partnership with Nexamp is an essential milestone for Heliene as we continue to expand our U.S. manufacturing footprint and domestic workforce.
BOSTON, July 27, 2023 /PRNewswire/ -- Nexamp, a leading clean energy solutions provider, has been awarded the prestigious title of "#1 Community Solar Company" by Solar Power World magazine.
Key Points:
- BOSTON, July 27, 2023 /PRNewswire/ -- Nexamp, a leading clean energy solutions provider, has been awarded the prestigious title of "#1 Community Solar Company" by Solar Power World magazine.
- Since its inception, Nexamp has set out to transform the way individuals, businesses, and communities access and utilize solar energy.
- By developing innovative solar projects nationwide, the company has consistently broken barriers and created opportunities for a greener future.
- The Solar Power World list is developed each year to honor the work of solar companies in the United States.
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Renewable energy As the U.S. continues to build its solar supply chain, these jobs will help accelerate the nationwide transition to a greener economy.
Key Points:
- As the U.S. continues to build its solar supply chain, these jobs will help accelerate the nationwide transition to a greener economy.
- Community solar, or shared solar, enables any local resident to subscribe to a solar farm and receive credits on their monthly utility bill to reduce their annual electric costs.
- Community solar projects are playing a vital role in the energy transition, providing a diverse set of communities with access to participate in this societal effort.
- As the largest U.S. owner of community solar assets, Nexamp has been at the forefront of efforts to make clean energy affordable, accessible, and profitable for all Americans.
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Management Nexamp is adding to its national footprint and creating much-needed clean energy workforce opportunities.
Key Points:
- Nexamp is adding to its national footprint and creating much-needed clean energy workforce opportunities.
- The expansive 8,000-square-foot space is an exciting development and will bring rewarding career opportunities to one of the Commonwealth's gateway cities.
- The team in the Nexamp Operations Center oversees all of the company's distributed energy assets nationwide, monitoring performance, dispatching clean energy, and ensuring market and regulatory compliance.
- "I'm thrilled to welcome Nexamp as the latest clean energy addition to the Third District.
HOUSTON, March 2, 2023 /PRNewswire/ -- Energy Toolbase and Nexamp have deployed a front-of-the-meter energy storage system as part of one of Nexamp's solar + storage projects in Massachusetts. Nexamp, a Boston-based solar and energy storage company, commissioned a Sungrow energy storage system comprised of four units, fully integrated with Energy Toolbase's Acumen EMS™ controls software, as part of the Old Frontier III community solar site. This project is Energy Toolbase's first controls project with Nexamp, which is currently working toward commissioning additional solar projects throughout Massachusetts.
Key Points:
- HOUSTON, March 2, 2023 /PRNewswire/ -- Energy Toolbase and Nexamp have deployed a front-of-the-meter energy storage system as part of one of Nexamp's solar + storage projects in Massachusetts.
- Nexamp, a Boston-based solar and energy storage company, commissioned a Sungrow energy storage system comprised of four units, fully integrated with Energy Toolbase's Acumen EMS™ controls software, as part of the Old Frontier III community solar site.
- Sited in Deerfield, Massachusetts, the 1,000 kW/2,192 kWh Acumen EMS-controlled energy storage system is Energy Toolbase's first DC-coupled project.
- "Controlling every aspect of the energy storage system—from energy capture to strategic discharge—is critical in maximizing the value and impact of this rapidly developing technology," noted Rob Ritchie, Director of Energy Storage, Nexamp.
