Nexamp
Nexamp is a US-based, vertically integrated community solar and battery energy storage developer serving residential, commercial, municipal, and utility customers with subscription-based clean energy, PPAs, and grid services.
- Company typePrivate
- Founded2007
- HeadquartersBoston, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Nexamp does
Nexamp, Inc. is a privately held, Boston-headquartered clean energy developer founded in 2007 that operates a vertically integrated distributed solar and battery energy storage platform. The company specializes in community solar — a subscription-based model in which households, businesses, municipalities, and institutions receive the bill credits generated by offsite solar arrays via virtual net metering, with subscribers saving 10-15% on electricity costs and no upfront installation or credit checks required. Nexamp also builds, owns, and operates utility-scale solar farms and Battery Energy Storage Systems (BESS), including Non-Wires Alternative deployments contracted by utilities such as National Grid, and integrates Distributed Energy Resource Management Systems (DERMS) for grid management.
Revenue is generated through six primary streams: recurring community solar subscriptions, 15-20 year Power Purchase Agreements for commercial, industrial, municipal, institutional, and utility off-takers, BESS managed services for peak shaving and grid support, 20-40 year land and rooftop lease payments to hosting landowners, project acquisitions from third-party developers, and asset management plus operations and maintenance services delivered through the Nexamp Energy Center. Customer acquisition blends a self-serve digital enrollment funnel for residential subscribers with a dedicated enterprise field sales motion for large off-takers such as Walmart, Chipotle, Albany Medical Center, City of Worcester, and National Grid.
The company operates 300+ projects across 10+ states (IL, NY, MA, ME, MD, MN, NJ, with expansion into CA, GA, HI, TX and DC), has secured more than $3 billion in cumulative financing from Macquarie Asset Management, Crédit Agricole CIB, PGIM, Nuveen, ATLAS SP, MUFG, ING, First Citizens, and others, and maintains offices in 10 US cities, including a second headquarters opened in Chicago in June 2026. Nexamp self-describes as the nation's largest community solar developer.
Nexamp firmographics
Firmographics- Name
- Nexamp
- Legal name
- Nexamp, Inc.
- Website
- https://nexamp.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Nexamp is a US-based, vertically integrated community solar and battery energy storage developer serving residential, commercial, municipal, and utility customers with subscription-based clean energy, PPAs, and grid services.
- Ownership category
- akta.pro rank
Nexamp industry classification
Industry- Product category
- Distributed Solar Energy and Community Solar Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Community Solar Development & Subscription Management (EUAMAJAA)
- akta.pro secondary industries
- Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)
Keywords
Where Nexamp is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices10 records
Markets served
Nexamp business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Community Solar Subscriptions: Nexamp generates revenue by enrolling residential and commercial subscribers in community solar programs. Subscribers receive bill credits from their utility (via virtual net metering) and purchase those credits from Nexamp at a discount (typically 10-15%), generating recurring revenue. No upfront costs, installation, or credit checks are required for subscribers.
- Power Purchase Agreements (PPAs): Nexamp enters into 15-20 year Power Purchase Agreements with commercial and industrial customers. Under onsite PPAs, Nexamp installs, owns, and operates solar arrays on customer premises; customers pay for electricity generated at a reduced rate. Under offsite PPAs (community solar), customers receive net metering credits applied against their utility bills at a guaranteed discount. This creates long-term recurring revenue streams.
- Energy Storage (BESS) Services: Nexamp designs, builds, owns, and operates Battery Energy Storage Systems for utilities, municipalities, commercial facilities, and educational campuses. Revenue comes from providing grid support services, demand charge reduction, and electricity cost savings to host customers. Nexamp handles everything from feasibility analysis through operations and maintenance.
- Solar Farm Hosting (Land Lease): Nexamp leases land from landowners (typically 10+ acres of land or 40,000+ sq ft of roof/parking lot area) for 20-40 year terms to host solar farms. Landowners receive competitive lease rates and steady passive income. Nexamp manages all aspects of development, permitting, construction, interconnection, and decommissioning.
- Project Acquisition: Nexamp acquires commercial-scale solar and storage projects from third-party developers at any stage of the project lifecycle. Revenue is generated by integrating acquired projects into Nexamp's operations and customer base, leveraging its standardized evaluation methodology and financing capabilities.
- Asset Management and Operations & Maintenance: Nexamp provides ongoing asset management, operations, and maintenance services for its own portfolio as well as third-party owned solar and storage assets. The Nexamp Energy Center provides proactive monitoring, remote fault diagnostics, and performance reporting to maximize revenue from solar plants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Community Solar Subscription - Residential: Save 10-15% on electricity costs |
| Subscription | Multi-year contract | Power Purchase Agreements for Commercial & Industrial Customers |
| Other | Multi-year contract | Solar Farm Land Hosting: Landowners receive competitive lease rates |
| Professional services/ project-based | Monthly | Battery Energy Storage System (BESS) - No major capital costs for customers |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Nexamp product offering
Product offeringCore offering
Nexamp develops, owns, and operates community solar farms, utility-scale solar, and battery energy storage systems. It sells subscription-based community solar bill credits to residential and commercial customers (delivering 10-15% savings on electricity costs with no upfront cost, installation, or credit checks), executes long-term Power Purchase Agreements for commercial and industrial offtakers, leases land and rooftop space for solar farm hosting, and provides asset management and O&M services to third-party solar and storage owners.
Product overview
Nexamp offers a vertically integrated distributed solar and energy storage platform centered on community solar subscriptions. The core product is Community Solar, which provides subscription-based solar energy credits delivering 10-15% savings. Supporting services include Energy Storage (Battery Energy Storage Systems) for grid support and peak demand management; Power Purchase Agreements (onsite and offsite PPAs); and Host a Solar Farm for landowners. The platform also includes Solar Development services with capabilities spanning project acquisition, clean energy deployment, asset management, and customer acquisition and management. For third-party asset owners, Owner Services provides clean energy deployment, operations and maintenance, asset management, and community solar as a service.
Differentiator
Problem solved
Functional benefit
Products and services
- Community Solar
- Energy Storage (Battery Energy Storage System)
- Power Purchase Agreements (PPA)
- Host a Solar Farm
- Solar Development
- Owner Services
Quantifiable outcome
- Subscribers save 10-15% annually on electricity costs (ME: 15%, MD: 10%, MA: 12.5%, MN: 10%, NJ: 15%, NY: 10%, IL: 15%)
- +6 more outcomes
Companies that use Nexamp
Customer profileNamed customers13 records
Segments7 records
Ideal customer profiles6 records
Nexamp technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Nexamp partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor and core.
- Clean Energy Leadership InstituteminorNexamp opened its Chicago office as its second headquarters at an event co-hosted with the Clean Energy Leadership Institute, bringing together policymakers, regulators, and advocates to discuss community investment and workforce development.
- TurningPoint EnergycoreTurningPoint Energy and Nexamp co-developed and commissioned two community solar projects (9.8 MW combined) on a former coal mine site in Minonk, Illinois. TurningPoint Energy served as developer; Nexamp built, owns, and operates the projects. This was the first collaboration between the two companies in Illinois.
- ComEdcoreComEd is the utility partner for the Minonk community solar projects. The projects are interconnected with ComEd's grid and represent the first Illinois Shines community solar developments in Woodford County. ComEd worked with Nexamp to deploy DERMS technology for real-time grid management.
- Massachusetts Clean Energy Center and MassVenturesminorLUMI completed its InnovateMass pilot program with Nexamp on a 7.3 MW solar farm in Massachusetts, supported by Massachusetts Clean Energy Center and MassVentures. Luminous also engaged in a separate InnovateMass pilot with Nexamp for flexible robot fleets for solar construction.
- ChipotleminorChipotle entered into an agreement with Nexamp to support 15 new community solar farms with 75 MW of generation capacity across Illinois, New York, Maryland, and Maine, contributing to Chipotle's goal of 100% renewable energy usage.
- National GridcoreNational Grid contracted with Nexamp to construct a solar + storage facility at the Coffeen substation in Watertown, New York as a Non-Wires Alternative (NWA), eliminating the need for additional transmission lines and substation upgrades. Nexamp's BESS supports grid reliability.
Scale indicators16 records
Recent moves7 records
Expansion highlights6 records
Nexamp competitors and assessment
Company assessmentDirect peers
- Pivot Energy: Pivot Energy is a directly comparable community solar developer and certified B Corp. Its vertically integrated distributed solar platform spanning development, financing, construction, and subscriber management targets the same residential, commercial, and municipal customers across overlapping US states (CO, IL, NY, MA, MN), with a comparable multi-state subscription business model.
- Dimension Energy: Dimension Energy is a direct peer that develops, finances, and operates community solar and storage projects for utilities, municipalities, and commercial customers across the US. Overlapping development pipeline and target customers with Nexamp, particularly in IL, NY, and MA.
- Clearway Community Solar (Clearway Energy Group): Clearway Community Solar, part of Clearway Energy Group, develops and operates community solar projects across multiple US states. Directly competes with Nexamp for state program allocations and customer subscriptions, and shares the utility-scale solar + storage business model.
- Hecate Energy: Hecate Energy is a direct peer in community and utility-scale solar development with operations in overlapping US geographies (IL, NY, MA). It targets similar utility, municipal, and C&I customers and increasingly competes with Nexamp on community solar subscriptions.
Broad incumbents
- EDP Renewables North America (EDPR): EDP Renewables is a broad incumbent in the US wind and solar development market, with overlapping community solar and utility-scale solar projects. EDPR is a Global Energy major subsidiary bringing capital scale and tax equity access that Nexamp must compete with for project acquisitions and development pipeline.
- ENGIE North America: ENGIE North America is a broad incumbent in distributed energy and utility-scale renewables, with community solar and storage offerings that overlap with Nexamp's portfolio. As a major utility-owned developer, ENGIE competes for the same institutional and C&I customers.
- Invenergy: Invenergy is a leading US-based developer, owner, and operator of wind, solar, and storage projects. It competes with Nexamp for utility-scale project wins, storage PPAs, and land lease arrangements, and shares overlap in C&I offtakers and ISO/RTO markets.
Emerging players
- Solstice: Solstice is an emerging player that runs a community solar access and subscriber management platform used by community solar developers. While not a direct developer, it is a customer acquisition and channel partner adjacent to Nexamp's core residential community solar subscription business.
- Arcadia: Arcadia is an emerging platform focused on community solar subscription management and clean energy access for utilities and developers. It serves an overlapping customer base of community solar subscribers and partners with developers that compete with Nexamp's consumer signup funnel.
Others
- Generate Capital: Generate Capital is a financing partner and infrastructure investor that has co-invested in Nexamp (including a 2021 round with Manulife). It is also a direct investor/operator in distributed solar and storage infrastructure, making it both a capital partner and a competitive counterparty in project finance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks7 records
Key highlights7 records
Customer concentration
Nexamp social profiles
Digital presenceNexamp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nexamp leadership team
Management profileNumber of profiles
Profiles8 records
Nexamp funding detail
Funding detailFunding overview
Funding rounds16 records
Investors17 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nexamp M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nexamp
What does Nexamp do?
Nexamp develops, owns, and operates community solar farms, utility-scale solar, and battery energy storage systems. It sells subscription-based community solar bill credits to residential and commercial customers (delivering 10-15% savings on electricity costs with no upfront cost, installation, or credit checks), executes long-term Power Purchase Agreements for commercial and industrial offtakers, leases land and rooftop space for solar farm hosting, and provides asset management and O&M services to third-party solar and storage owners.
Is Nexamp a public or private company?
Nexamp is a private company. It is classified as venture growth investor backed and is currently operating.
When was Nexamp founded?
Nexamp was founded in 2007. It employs 251 to 500 people.
Where is Nexamp based?
Nexamp is headquartered in Boston, United States, in the North America region.
How does Nexamp make money?
Six revenue lines are on record. Community Solar Subscriptions are the primary driver. The others are power Purchase Agreements (PPAs), energy Storage (BESS) Services, solar Farm Hosting (Land Lease), project Acquisition and asset Management and Operations & Maintenance.
Who are Nexamp's main competitors?
Direct peers on record are Pivot Energy, Dimension Energy, Clearway Community Solar (Clearway Energy Group) and Hecate Energy. Broad incumbents are EDP Renewables North America (EDPR), ENGIE North America and Invenergy. Emerging players are Solstice and Arcadia. Generate Capital is listed as an others.
Does Nexamp have an API?
No public API is recorded for Nexamp.
What industry is Nexamp in?
Nexamp's product category is Distributed Solar Energy and Community Solar Services. Its primary akta.pro industry code is EUAMAJAA, Community Solar Development & Subscription Management, with a secondary code of EUAMAJAD, Distributed Generation (DG) Solar & Small Wind. Its NAICS code is 221114 and its SIC code is 4911.