ImpactAlpha, August 19 — Boston, Mass.-based Nextamp, led by a pair of U.S. Army veterans, develops and manages solar energy storage for approximately 40,000 customers in 10 U.S. states.
Walmart, for example, is subscribing to 23 of Nexamp’s community solar farms in New York “to play a direct role in spurring economic development in the communities we serve” and “spark collective climate action,” said Walmart’s Mark Vanderhelm.
For consumers, Nexamp offers discounts on clean energy services without a credit check or long-term commitment.
Solar financing
Nexamp raised $240 million from Generate Capital. The equity financing follows $440 million in debt funding the company secured earlier this year.
Generate’s Scott Jacobs said Nexamp is “speeding up the democratization of energy – a critical piece in the urgent climate solutions puzzle.”
