Nexus Renewables

Nexus Renewables' Services

Nexus Renewables offers a comprehensive suite of services tailored to the renewable energy sector. The company handles the permitting, engineering design, and procurement planning of early-stage projects, ensuring they are construction-ready. Once a project is completed, Nexus Renewables takes on the role of owner and general manager to ensure safe operation and compliance with all regulations. They also provide fixed lease or purchase options for land and real estate owners, removing operational obligations and offering competitive acquisition prices for developers and asset owners. These services enable a seamless transition from project conceptualization to operational execution, reflecting Nexus Renewables' commitment to advancing renewable energy infrastructure.

Nexus Renewables' Projects

Nexus Renewables is actively involved in several high-impact projects across North America. Notably, the company is developing Maple North, an 8 MW community solar project, and Maple West, a 6 MW community solar project, both in New York. In California, they are working on the PG&E BESS, a 10 MW | 64 MWh behind-the-meter battery storage project. Additionally, Nexus Renewables is redeveloping the Harriston Energy Storage Facility in Ontario from flywheel to battery technology, which has pre-qualified with IESO to host a 10 MW / 40 MWh battery energy storage system. These projects demonstrate Nexus Renewables' capability in handling both solar and energy storage solutions, enhancing grid stability and promoting sustainable energy.

Nexus Renewables' Financing and Partnerships

Nexus Renewables has secured significant institutional financing to support its expansive portfolio. In partnership with Scale Microgrid Solutions, they established a $5 million Development Financing Facility to advance over 100 MW of late-stage distribution-scale solar and energy storage projects. Additionally, they secured $100 million in funding to develop, construct, and acquire distributed grid-connected solar and battery energy storage projects across the United States. In June 2023, Nexus Renewables closed multiple financings totaling over $40 million, underscoring their strong financial backing and commitment to expanding renewable energy infrastructure.

Nexus Renewables' Strategic Partnerships

Nexus Renewables has formed strategic partnerships to bolster their renewable energy initiatives. A notable collaboration is with NRStor to expand energy storage in Minto, enhancing Ontario's transition to green energy. These partnerships provide Nexus Renewables with the resources and expertise needed to drive large-scale projects and support the broader adoption of renewable energy solutions. By welcoming co-ownership and offering flexible partnership models, Nexus Renewables ensures maximum flexibility and shared success with their partners.

Nexus Renewables' Sector Impact

Nexus Renewables is making a significant impact in the renewable energy sector, particularly in the realms of solar and energy storage. With over 1 GW of projects under development, the company is contributing to the enhancement of power grid stability and the reduction of carbon emissions. By focusing on both distributed and utility-scale energy resources, Nexus Renewables is addressing the growing demand for reliable and sustainable energy. Their projects and partnerships reflect a strategic approach to overcoming the challenges of renewable energy deployment and optimizing the benefits of clean energy for communities across North America.