Nexus Renewables Inks Strategic Relationship with Scale Microgrid Solutions

EIN Nexus Scale

January 20, 2022

Nexus Renewables (“Nexus”) and Scale Microgrid Solutions (“SMS”) have entered into agreement whereby SMS will fund the development, construction, and acquisition of a $100 million (USD) portfolio of distributed grid-connected solar and battery energy storage projects across the United States.

This transaction marks a significant milestone for Nexus Renewables.

Nexus Renewables prides itself as one of the best in identifying and serving underserved solar and energy storage market opportunities. The Nexus team demonstrates this strength through advancing construction-ready projects in multiple markets including New YorkCalifornia, and Texas. Securing SMS as an institutional partner not only reinforces this core competency, but also provides continued access to capital to support rapid growth,” said Keith Sandor, President of Nexus Renewables.  

This transaction adds to Scale’s rapidly growing distributed solar and energy storage finance and acquisition pipeline across the United States.

“Partnering with Nexus Renewables on this project pipeline draws on the breadth of SMS’ capabilities to provide flexible turn-key financing solutions at scale.  This investment is in-line with our commitment to fund and acquire innovative energy infrastructure projects that provide resiliency and clean energy solutions in markets across the United States,” said Julian Torres, Chief Investment Officer of Scale Microgrid Solutions.

To learn more about Nexus and Scale, visit www.nexusrenewables.ca and www.scalemicrogridsolutions.com

Source

Related Articles


Latest Articles

  • Celebrating 25 years: Hong Kong International Lighting Fair (Autumn Edition) Returns from October 27-30

    Celebrating 25 years: Hong Kong International Lighting Fair (Autumn Edition) Returns from October 27-30

    September 27, 2023 By Elle Bremmer Celebrating its 25th edition, the Hong Kong International Lighting Fair is set to illuminate the global lighting industry once again from October 27 to 30, 2023. This highly anticipated event, hosted at the Hong Kong Convention and Exhibition Centre, promises to showcase a wide range of state-of-the-art lighting innovations… Read More…

  • Remembering a Pillar of the Canadian Electrical Industry: Pierre Desilets

    Remembering a Pillar of the Canadian Electrical Industry: Pierre Desilets

    September 27, 2023 It is with profound sadness that we announce the passing of Pierre Desilets, a committed figure in the electrical industry, who had dedicated a lifetime to advancing safety standards, codes, and regulations. Pierre had been battling cancer with immense resilience for an extended period. His unwavering commitment to his work and his… Read More…

  • Housing Starts Flat in August

    Housing Starts Flat in August

    September 25, 2023 The trend in housing starts was flat in August at 244,507 units, up 0.8% from 242,552 units in July, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the monthly SAAR of total housing starts for all areas in Canada. The monthly seasonally adjusted annual… Read More…

  • Lineman’s Testing Laboratories’ (LTL) Comprehensive Expertise Makes Rexel Aquisition an Ideal Partnership

    Lineman’s Testing Laboratories’ (LTL) Comprehensive Expertise Makes Rexel Aquisition an Ideal Partnership

    September 25, 2023 By Blake Marchand Earlier this year, Rexel announced the acquisition of Lineman’s Testing Laboratories (LTL), which allows Rexel to offer a complementary range of products and services and enhanced opportunities in the value-add market. LTL is a unique company with three comprehensive areas of expertise, Power Technical Services (Electrical Engineering & Substation… Read More…


Changing Scene

  • HPS Announces Ted Simpson as Vice-President of Marketing

    HPS Announces Ted Simpson as Vice-President of Marketing

    September 27, 2023 HPS is pleased to announce the appointment of Ted Simpson to the position of Vice-President of Marketing. Ted succeeds Michael Frayne as Michael transitions to the role of Senior Vice President of Power Quality and Power Conversion Solutions. Ted is a highly experienced marketing professional with over 20 years of expertise in… Read More…

  • New Funding for Apprenticeship in Alberta will Create 2,000 More Seats

    New Funding for Apprenticeship in Alberta will Create 2,000 More Seats

    September 25, 2023 A $12.4-million investment from Alberta’s government will create almost 2,000 new apprenticeship seats across the province. Alberta’s economy has momentum, and more skilled labourers are needed to support the province’s workforce, especially in the construction industry. To meet growing demand for highly skilled tradespeople across sectors, and in response to feedback from… Read More…

  • ABB Expands its Pointe-Claire Installation Products Facility

    ABB Expands its Pointe-Claire Installation Products Facility

    ABB is investing CA$16 million in its Installation Products Division manufacturing facility in Pointe-Claire, Canada. Read More…

  • Enhanced GST Rental Rebate Bill Proposed for Purpose-Built Rental Housing 

    Enhanced GST Rental Rebate Bill Proposed for Purpose-Built Rental Housing 

    September 22, 2023 On September 14, 2023, the Prime Minister announced that the government will introduce legislation to enhance the Goods and Services Tax (GST) Rental Rebate on new purpose-built rental housing, to incentivize construction of much-needed rental homes for Canadians. To build more rental housing, the removal of GST will apply to new purpose-built… Read More…