Nexamp

Nexamp

Community solar energy solutions provider

About Nexamp

Simplify's Rating
Why Nexamp is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Energy

Company Size

501-1,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$1B

Headquarters

Boston, Massachusetts

Founded

2007

Overview

Nexamp focuses on solar energy solutions, particularly through Community Solar projects that allow homeowners and small businesses to benefit from solar energy without installing rooftop panels. Customers can save up to 10% on their electricity bills by subscribing to a share of a local solar farm's output. The company differentiates itself by managing all aspects of solar projects, from development to maintenance, and by partnering with property owners to create profitable solar sites. Nexamp's goal is to make clean energy accessible and affordable while contributing to a sustainable future.

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Simplify's Take

What believers are saying

  • Nexamp's U.S.-made solar panels align with domestic manufacturing trends.
  • Collaboration with Walmart expands Nexamp's footprint across five states.
  • Partnership with Starbucks enhances Nexamp's reputation in energy equity and sustainability.

What critics are saying

  • Increased competition may impact Nexamp's market share in community solar.
  • Supply chain delays could affect project timelines and costs.
  • Regulatory changes in key states could impact financial incentives for projects.

What makes Nexamp unique

  • Nexamp's Community Solar model eliminates the need for rooftop installations.
  • Partnerships with major brands like Walmart and Starbucks enhance Nexamp's market presence.
  • Nexamp's Registered Apprenticeship Program supports workforce development and community engagement.

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Funding

Total Funding

$1008.8M

Above

Industry Average

Funded Over

3 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Holidays

Commuter Benefits

Phone/Internet Stipend

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Under the Hard Hat
Jan 3rd, 2025
Nexamp named Registered Apprenticeship Program (RAP) employer in Illinois by the U.S. DOL

Nexamp launched a new headquarters in Chicago earlier this year and committed to hiring 50 additional staff and investing over $2 billion in the state as part of the announcement.

SolarQuarter
Dec 17th, 2024
Walmart and Nexamp Accelerate Community Solar Development Across Five States in United States

Nexamp, a leader in community solar development, has partnered with Walmart to develop 31 community solar projects across the United States.

PR Newswire
Dec 17th, 2024
Silfab Solar, Nexamp Announce U.S.-Made Solar Supply Agreement

BURLINGTON, Wash., Dec. 17, 2024 /PRNewswire/ -- Silfab Solar Inc., North America's leading PV module manufacturer, today announced a supply agreement with Nexamp, an independent renewable energy provider and one of the nation's largest community solar developers, for delivery of Silfab's newest commercial panels featuring Silfab cells made in the United States.The partnership will start shipment of the first 125 megawatts in late Q2 2025 of panels exclusively manufactured in the U.S. with cells produced from Silfab's state-of-the-art South Carolina facility. Nexamp executives recently toured Silfab's newest assembly plant, where Silfab will initially produce 1 gigawatt of American-made solar cells and 1.3 gigawatts of modules."Our partnership provides Nexamp significant access to a superior U.S. solar product that enables them to further integrate domestic content into their project portfolios," said Paolo Maccario, Silfab President and CEO. "The promise of American-made solar modules delivering clean energy to U.S

PR Newswire
Dec 16th, 2024
Walmart And Nexamp Accelerate Community Solar Development Across Five States

Major investment boosts renewable energy production and creates more than 1,500 new jobs while delivering millions in energy savings for residential customersBOSTON, Dec. 16, 2024 /PRNewswire/ -- Nexamp, a leader in community solar development, has partnered with Walmart to develop 31 community solar projects across the United States. These projects are expected to generate more than 120 Megawatts (DC) of renewable energy for the grid, create over 1,500 jobs, and provide millions in consumer savings for local businesses and approximately 8,000 residential customers. Walmart and Nexamp previously collaborated on a portfolio of community solar projects across New York in 2021.The 31 community solar projects will focus on providing the benefits of affordable, renewable energy to subscribers across five states. Nexamp's community solar model allows residents to subscribe to solar energy without the need for rooftop installations, giving them access to the benefits of clean energy and lower utility bills. Customers can expect to see significant energy cost reductions, with overall savings totaling more than $2 million per year."Working with Walmart to expand access to affordable, clean energy is an exciting opportunity for Nexamp and for the communities we serve," said Zaid Ashai, CEO of Nexamp

TipRanks
Dec 5th, 2024
Fuyo Lease and Nexamp Boost Solar Power in Illinois

Nexamp has partnered with Fuyo General Lease Co., Ltd. to deploy distributed solar power projects in Illinois and New York, aiming to advance carbon-free energy goals and create about 3,000 jobs.

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