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    1. Microgrids

    Nexus Renewables & Scale Microgrid partnering on $100M in U.S. Solar & Storage projects

    Jan. 11, 2022
    Scale, which is owned by private equity firm Warburg Pincus, has been developing solar and storage hybrid microgrids at various agriculture and commercial locations. The deal with Nexus helps accelerate the pace and breadth of that work
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    Scale Microgrid Solutions and Nexus Renewables will partner on developing, building and acquiring $100 million in distributed grid-connected solar and battery storage projects across the U.S.

    Scale, which is owned by private equity firm Warburg Pincus, has been developing solar and storage hybrid microgrids for on-site power at various agriculture and commercial locations. The deal with Nexus helps accelerate the pace and breadth of that work, the companies said.

    “Nexus Renewables prides itself as one of the best in identifying and serving underserved solar and energy storage market opportunities,” Keith Sandor, president of the company, said in a statement.

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    Nexus has advanced projects in New York, California and Texas. Scale Microgrid Solutions' portfolio includes projects in California, Connecticut and Pennsylvania.

    “Securing SMS as an institutional partner not only reinforces this core competency (of project development), but also provides continued access to capital to support rapid growth,” Sandor added.

    Beginning 2019, Warburg Pincus led funding for a $300 million line-of-equity commitment to New Jersey-based Scale.

    Research firm Guidehouse Insights has previously forecast that the microgrid market could exceed $30 billion by 2027.

    About the Author

    Rod Walton, EnergyTech Managing Editor | Senior Editor

    For EnergyTech editorial inquiries, please contact Managing Editor Rod Walton at [email protected].

    Rod Walton has spent 15 years covering the energy industry as a newspaper and trade journalist. He formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    Walton earned his Bachelors degree in journalism from the University of Oklahoma. His career stops include the Moore American, Bartlesville Examiner-Enterprise, Wagoner Tribune and Tulsa World. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids. The C&I sectors together account for close to 30 percent of greenhouse gas emissions in the U.S.

    He was named Managing Editor for Microgrid Knowledge and EnergyTech starting July 1, 2023

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.

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