Nexamp

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.

Name

Nexamp

Legal name

Nexamp, Inc.

Website

https://nexamp.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 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

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

• Community solar subscriptions
• Solar power purchase agreements
• Battery energy storage systems
• Distributed solar generation
• Commercial and industrial solar

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core 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

Named customers13 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Clean Energy Leadership InstituteminorGTM or Marketing Partner · 24 June 2026Nexamp 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 EnergycoreStrategic or Co-development Partner · 17 June 2026TurningPoint 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.
• ComEdcoreStrategic or Co-development Partner · 17 June 2026ComEd 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 MassVenturesminorGTM or Marketing Partner · 20 October 2025LUMI 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.
• ChipotleminorGTM or Marketing Partner · 7 May 2025Chipotle 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 GridcoreStrategic or Co-development PartnerNational 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

Direct 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

• Xx.com/nexamp
• YouTubeyoutube.com/user/Nexamp
• Facebookfacebook.com/nexampsolar
• LinkedInlinkedin.com/company/nexamp
• Instagraminstagram.com/nexamp

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds16 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nexamp