Nexus Renewables
Nexus Renewables is a developer, owner, and operator of renewable energy infrastructure projects, specializing in energy storage and solar power to enhance grid stability.
Overview of Nexus Renewables
Nexus Renewables is a developer, owner, and operator of renewable energy infrastructure projects. The company specializes in energy storage and distributed as well as utility-scale energy resources such as solar and energy storage systems to enhance power grid stability. It manages the permitting, engineering design, and procurement planning of early-stage projects, making them construction-ready. After a project is completed, Nexus Renewables acts as the owner and general manager to ensure safe operations and compliance with all relevant regulations.
Nexus Renewables Projects
Nexus Renewables manages a diverse portfolio of projects, including over 1 GW of solar and energy storage projects under development. Notable projects include the Maple North (8 MW) and Maple West (6 MW) community solar projects in New York, and the PG&E BESS, a 10 MW | 64 MWh behind-the-meter battery storage project in California. Nexus Renewables is also proposing to redevelop the Harriston Energy Storage Facility from flywheel to battery technology, with the facility pre-qualified to host a 10 MW / 40 MWh battery energy storage system.
Development Financing Initiatives
Nexus Renewables has established a $5 million USD Development Financing Facility with Scale Microgrid Solutions to advance over 100 MW of late-stage distribution-scale solar and energy storage projects. Additionally, a partnership with Scale Microgrid Solutions secured institutional financing of $100 million USD to fund the development, construction, and acquisition of distributed grid-connected solar and battery energy storage projects across the U.S. Multiple financings totaling over USD 40 million were closed in June 2023.
Partnerships and Acquisitions
Nexus Renewables actively seeks to expand its project portfolio by acquiring early-stage or operational projects in the U.S. and Canada. The company welcomes co-ownership to provide flexibility to its partners. Nexus Renewables has partnered with NRStor to expand energy storage in Minto, Ontario, aiding in the region's transition to green energy. The company also offers fixed lease or purchase options for land and real estate owners, with no operational obligations.
Services Offered by Nexus Renewables
Nexus Renewables offers comprehensive services including permitting, engineering design, and procurement planning to make projects construction-ready. For developers and asset owners, they provide development, engineering, and procurement of EPC and/or OEM services, project-level financing, and competitive acquisition prices. Their full-service approach ensures safe project operations and adherence to all compliance standards post-construction.