Nexamp has secured a $240 million equity investment from Generate Capital, adding to the previous $440 million raised in debt financing.
Nexamp develops, designs, builds and operates distributed solar and energy storage solutions. With nearly 1 gigawatt of solar and energy storage assets operating and under construction, Nexamp provides clean energy access to 40,000 customers across 10 states.
The latest commitment brings Nexamp’s total new funding to $680 million, which the company will use to accelerate its ability to offer a flexible range of decarbonization options for customers.
“It’s clear that consumers want more options for reducing their environmental footprint, they want more control over their costs and they care about working with a trusted partner across their many sustainability efforts,” said Zaid Ashai, CEO of Nexamp. “This funding represents a show of confidence in our team and vision, and we are committed to continuing to provide solu
