Diamond Generating Corp. Takes Control Stake in Nexamp, Inc., Acquires Boston Energy Trading & Marketing

Diamond Generating Corporation (DGC) has announced substantial investments into two Boston-based firms and the opening of a corporate office to complement the growth of its distributed energy platform.

DGC completed the acquisition of Boston Energy Trading and Marketing LLC (BETM), a prominent energy trading & marketing firm, from NRG Energy, Inc on Aug. 1, 2018. Under one week later, DGC acquired a controlling stake in Nexamp, Inc., a leading clean energy and community solar provider, following an initial successful investment into the company in 2016.

The investments establish Massachusetts as the foundation for Diamond Generating’s national efforts to expand its renewable energy deployments and advance comprehensive solutions for energy storage, asset optimization, energy management and retail power.

As the nexus between the portfolio companies, DGC expects to realize efficiencies in its traditional power businesses while supporting innovative new models for growth, including community solar, energy storage and related distribution generation resources. For its part, Nexamp will aggressively pursue opportunities for new solar development and asset acquisitions across a growing geographic footprint, with a particular focus on community solar markets.