Nautilus Solar Energy, a nationwide group photo voltaic firm, is relocating its company headquarters from New Jersey to Chicago, Illinois, shifting its operations nearer to a number of prioritized areas.
This summer time, Nautilus plans so as to add 29 MW of photo voltaic vitality to the Illinois grid — 10 MW of which is devoted to decreasing vitality payments for low-income households. Over the subsequent yr alone, Nautilus expects to construct over 100 MW of further photo voltaic capability to Illinois. Improvement on further tasks is constant into 2027 and past.
“Group photo voltaic continues to play a essential position in assembly the nation’s rising vitality wants, and Illinois, together with a number of of its neighboring states, is on the heart of that momentum,” stated Jeffrey Cheng, CEO of Nautilus. “Relocating our headquarters to Chicago reinforces our dedication to supporting regional development whereas nonetheless permitting us to service our core legacy markets. I’m enthusiastic about Nautilus’ continued growth, the place our staff is creating actual financial influence for the communities and subscribers we serve.”
Whereas Nautilus stays a remote-first firm, its Chicago headquarters will function a regional hub for venture growth, finance and subscriber administration.
Nautilus at present owns and operates almost 500 MW of operational capability throughout 146 tasks in 12 states, serving greater than 45,000 group photo voltaic subscribers — a lot of whom are low- to moderate-income households. As a enterprise, Nautilus oversees growth, financing and long-term operations in home.
“We’re proud to assist households decrease their vitality prices whereas additionally contributing to a stronger, extra resilient vitality grid. Opening an workplace in Chicago highlights Nautilus’s funding in its communities,” stated Courtney Matsuishi, chief authorized & administrative officer of Nautilus.
Information merchandise from Nautilus Photo voltaic Vitality
