Company News and Press
Nexamp Quarterly Footprint
The Quarterly Footprint: Volume 6, Fall/Winter 2009-10
|
The Quarterly Footprint: Volume 5, Summer 2009
Energy and Carbon Solutions for Businesses, Governments, Institutions, and Homeowners
Nexamp Press Releases
Nexamp Secures $6.5 Million in Venture Financing from Leading Renewable Energy and IT Investors
Series A financing from Good Energies, Point Judith Capital, and RCG Ventures supports growth of successful clean energy solutions company and brings new CEO
NORTH ANDOVER, MA (February 9, 2010) – Award-winning clean energy solutions company Nexamp today announced that it has secured $6.5 million in Series A venture financing from Good Energies, one of the world’s leading private investors in renewable energy and enabling technologies; Point Judith Capital, an early stage venture capital firm focused on information technology businesses; RCG Ventures, an early stage clean energy investment firm; and individual investors. This financing will enable Nexamp to further expand its clean energy solution offerings and its presence nationwide. As part of the financing, Nexamp also announced the addition of a new CEO, Stuart R. Patterson, to succeed Henri-Claude Bailly of RCG Ventures, who remains Chairman of the Board.
Download the PDF of this Press Release
Patrick-Murray Administration Announces Award of Largest-Ever State Contract for Installation of Solar Power
Contracts for over 4 megawatts of federal stimulus-funded solar power at water and wastewater treatment plants go to team of North Andover and Taunton firms
NORTH ANDOVER – Friday, February 5, 2010 – As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan, Governor Deval Patrick today announced the award of federal stimulus-funded contracts to install 4.1 megawatts (MW) of solar energy at 12 public water and wastewater treatment facilities throughout the Commonwealth. These projects will help to reduce energy bills and greenhouse gas impacts while creating jobs and growing the state's solar industry. The 12 contracts represent the state's largest-ever award for solar installation at public facilities.
Worth approximately $20 million in ARRA funding, the projects announced today are expected to be complete between June 2010 and July 2011. They include municipal and regional facilities in Ashland, Hyannis, Chelmsford, Easton, Fairhaven, Falmouth, Holden, Marlborough, Blackstone/Millbury, East Freetown, Pittsfield and Townsend.
Download the PDF of this Press Release
Nexamp in the News
The Sentinel: "Powered by the sun"
The Sentinel: "Powered by the sun." February 25, 2010. ROCHESTER — Rochester Conservation Commission at its Feb. 16 meeting considered the proposed installation of a 435-unit solar panel system at the Quittacas Water Treatment Plant, which is owned by the City of New Bedford, and located on Negus Way in the far northwestern corner of the town, at the border with Freetown.
The photovoltaic (PV) system is designed to supply 91.35 kilowatts of electric power for the facility annually. The project came before the local Conservation Commission for approval because a portion of it is within the 100-foot buffer zone of a bordering vegetated wetland, which is regulated by the local conservation commission under the Massachusetts Wetlands Protection Act, and the town's wetlands protection by-law.
The project, which is being funded under the American Recovery and Reinvestment Act of 2009, also known as the "federal stimulus law" proposes to locate the 210-watt modules on a bed of crushed stone at the site. The facility uses near 4.4 million kilowatt hours of electricity each year. The PV system will produce approximately 110,000-kilowatt hours of electricity annually, or about 2.5 percent of the total electricity consumed. While that amount is small, as the cost of electricity rises over the 20-year life of the PV system, its value will rise in terms of reducing the total cost of electricity needed to operate the facility.
Carol Rego, an engineer from Camp Dresser & McKee representing the city before the commission, said that the construction, by Nexamp, would take about one month. She said that no excavating would occur, other than clearing the topsoil and adding the crushed stone. The PV system, according to Rego, has a service life of 20 years at its rated load. Link to Article
US Dep't of Energy: "Vet’s company installing solar across Massachusetts"
US Department of Energy (Energy Empowers Blog): "Vet’s company installing solar across Massachusetts." February 25, 2010. Dan Leary, an Iraq war veteran, is president of Nexamp Inc., a clean energy company that specializes in solar installation. Dan founded the company in 2006 and has witnessed its impressive growth from six employees to 45 and counting.
The small company recently reached a significant milestone — it was awarded one of the largest solar contracts in Massachusetts.
Dan served in the military for seven years, reaching the rank of captain in the Army. He says his idea for a clean energy company came in 2005 when he was pursuing his M.B.A while serving in Iraq. Link to Article



Nashoba Valley Technical High School has taken command of its own energy efficiency future with the installation of a 101-kW solar photovoltaic system. Completed by Nexamp in early November, 506 solar panels make up the large solar installation.
providing the students at Nashoba Valley Tech with some great hands-on experience. Students were able to learn first hand the process of installing solar panels. Other students will be able to monitor the real time energy output through Nexamp's web-based data acquisition system.
but comes on the heels of a huge spike in the number of geothermal heating and cooling systems installed in Fall 2009, according to Nexamp's geothermal expert, Damien Morinon. He credits a number of factors in explaining the increasing demand for efficient geothermal systems. "More than being just eco-friendly, geothermal heating and cooling is also becoming the smart choice economically," he says.
One Nexamp geothermal customer remarked: "Installing a geothermal heating and cooling system is like striking oil in my backyard. In fact, it is better than striking oil, because the free energy coming from the earth is clean." Nexamp's turnkey service also gives customers the confidence of reliability in our dedicated managers and their promise to deliver a high-quality, low-maintenance system, keeping costs to a minimum and ensuring longevity, all backed by the Nexamp warranty.
affordable heating and cooling for your home and replaces a conventional HVAC system (most commonly, a furnace and air conditioner) by harnessing the earth's constant moderate temperature.


