Fri, Jul 18 2008
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Published May 16, 2008 12:17 pm - Nexamp hopes to continue growth and branch out into energy trading, financing and carbon footprint assessments. Banking on green: Start-up broadening range of alternative energies By Bill Kirk THE EAGLE-TRIBUNE (NORTH ANDOVER, Mass.) NORTH ANDOVER, Mass. — A local company appears poised to ride the growing wave of interest in all things green to lots of greenbacks. "The sky's the limit," proclaimed Henri-Claude Bailly, the new chief executive officer and chairman of the board at Nexamp, an alternative energy company with offices in a turn-of -the-century mill. "We could turn this into billions of dollars," he said. That's not a bad forecast for a 2-year-old start-up created by North Andover native Dan Leary, who came up with the idea for the company while serving in Kuwait during Operation Iraqi Freedom. Last week, Nexamp had an open house to celebrate a name change, new headquarters and what its principals see as unlimited growth potential thanks to investors like Bailly and others who believe the United States alternative energy market is about to explode. When Leary started the company two years ago, Nexamp, formerly NexGen, focused primarily on solar panel installations. Since, it has grown from just two employees to 10, with an eye toward further expansion by the end of this year. Using state and federal programs that encourage investment in alternative energy, those at Nexamp hope to continue the growth and branch out into energy trading, financing and carbon footprint assessments. "We're going for it," Leary told the roughly 150 people who attended the event at East Mill. David Cash, assistant secretary for policy with the state's Executive Office of Energy and Environmental Affairs, attended as a vote of confidence in the new venture, he said. 
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