Nexamp, a North Andover, MA-based firm that helps clients design and develop clean energy projects, announced today that it has acquired SolVera Energy, a renewable energy services firm of Hingham, MA. Nexamp, which raised $6.5 million in January 2010, said the purchase is designed to boost the utility-scale and distributed renewable energy services it offers. The financial terms of the acquisition were not revealed, but Nexamp said former SolVera CEO John Malloy Jr. will join Nexamp as co-CEO and member of the board of directors, and will lead the company’s newly formed renewable energy solutions business unit.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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