Diamond Generating Corporation has announced substantial investments into two Boston-based firms and the opening of a corporate office. DGC completed the acquisition of Boston Energy Trading and Marketing LLC from NRG Energy, Inc on Aug. 1, 2018. Under one week later, DGC acquired a controlling stake in Nexamp, Inc.
"Massachusetts has been the innovation hub for distributed energy, and Nexamp and Boston Energy represent the very best in the industry," Diamond Generating Corporation CEO Satoshi Hamada said. "Our partnership uniquely positions DGC, BETM and Nexamp for collective success as our national energy markets experience rapid transformation. We're incredibly excited to achieve our national agenda for growth with two proven innovators in the energy economy."
"With this investment, Diamond Generating elevates Nexamp's distributed generation goals while expanding its strategic portfolio in energy storage and trading," Nexamp CEO Zaid Ashai said. "Partnering with Diamond Generating and Boston Energy Trading will enhance our ability to provide unique and innovative solutions to our customers."
"Our partnership with Nexamp and Diamond Generating brings together three energy innovators with expansive and complementary areas of expertise," Boston Energy Trading and Marketing President Reem Fahey said. "This collaboration will accelerate advancements in energy management and trading, as well as project development and storage. The future will be exciting for our customers."
