Nexamp, a leader in renewable energy and clean power generation technologies, recently revealed plans to establish its second national headquarters in Chicago, a move expected to add 50 new team members to its current roster by 2026. This strategic expansion aligns with the company’s broader commitment to invest over $2 billion in various Illinois-based initiatives, both existing and forthcoming.

CEO Zaid Ashai attributed this expansion to the company’s initial foray into the Illinois market in 2018, catalyzed by the state’s groundbreaking Future Energy Jobs Act. With the creation of Illinois’ inaugural community solar program and a concerted push to advance decarbonization efforts, the state quickly emerged as a pivotal hub for Nexamp’s growth trajectory.

Acknowledging Governor Pritzker’s pivotal role in the passage of the Climate and Equitable Jobs Act in 2021, Ashai emphasized Illinois’ rapid ascendancy as Nexamp’s fastest-growing market. However, beyond being an attractive prospect for solar generation, Illinois embodies a strategic synthesis with Nexamp’s vision of fostering a cleaner, more equitable energy landscape underpinned by a diversified, fair, and skilled workforce.

Having inaugurated its first Chicago office in 2019 with a mere five employees, Nexamp has since burgeoned to house a formidable workforce of 80. Having concurrently embarked on approximately 75 projects across the state – spanning operational and developmental phases – generating an estimated 300MW, Nexamp’s presence has become increasingly entrenched in Illinois’ renewable energy fabric.

As Nexamp fortifies its footprint in the burgeoning Midwest solar energy landscape, the company’s decision to designate Chicago as its secondary headquarters exemplifies a resolute commitment to accelerating sustainable energy solutions. The considerable momentum catalyzed by this strategic move underscores the pivotal role Illinois plays in shaping Nexamp’s impactful renewable energy narrative.

The ramifications of Nexamp’s ambitious expansion transcend commercial benefits, affirming the company’s alignment with Illinois’ dedication to cultivating an inclusive, clean energy paradigm, which enriches the lives of all stakeholders. As Nexamp cements its enhanced presence in the vibrant Midwest solar energy arena, the company’s imprint as an agile, forward-thinking proponent of sustainable change gains further resonance.

Nexamp’s decision to establish its second national headquarters in Chicago underscores a landmark leap in advancing its commitment to merging impactful energy innovation with a steadfast dedication to fostering a prosperous, equitable future for all. This strategic undertaking reinforces Nexamp’s unwavering pledge to harness clean energy as a catalyst for transformative progress, enhancing the welfare of the communities it serves and accelerating the transition towards a sustainable future.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.