Renewable Finance Veteran and former Citigroup Managing Director Adds to Experienced Leadership Team at High-Growth, Multi-Technology Solutions Provider
FREDERICK, MD – December 17, 2014 – Empower Energies, Inc., a leading Clean Energy Portfolio Solutions company, announced that John Clapp has joined the organization as Chief Financial Officer. Clapp brings a unique combination of institutional investment experience and renewable energy expertise, joining a management team with established high-growth qualifications.
“Empower has the multi-technology approach that is critical to winning in the growing commercial & industrial distributed generation market,” Clapp stated. “I was also impressed with the high quality of the management team and the support of the company’s institutional investors.”
Working with Empower CEO Len Jornlin, Clapp will oversee the company’s financial reporting, internal controls, project and corporate financing, as well as mergers and acquisitions. Just as important, he will take the lead role in the deployment of development loans and construction financing for other developers and EPC firms who partner with Empower to bring projects online.
“Having John join our leadership team raises the bar yet again,” said Empower Energies CEO Len Jornlin. “With his investment banking and entrepreneurial experience, we are ideally positioned to further differentiate the Empower offer, and deliver more value for customers, partners, and investors alike.”
Clapp has already enjoyed a distinguished career in finance. He was a managing partner at Citigroup (NYSE: C), serving as a power sector specialist in the Global Power Group where he advised on over 30 power industry financings across North and South America, Europe and Asia. He also has experience in leading start-up companies as a renewable CFO in the utility scale solar industry.
“Financial innovation continues to drive growth in renewable energy, domestically and internationally. Members of our Board and management team have already developed solutions that changed the solar financing industry. Now we are applying many of those same solutions to cogeneration and other distributed generation technologies and seeing a transformative effect in the marketplace. John will help Empower lead the way as we continue to change the distributed generation landscape.” Jornlin concluded.
About Empower Energies
Empower Energies, Inc., with offices in Frederick, Maryland and Troy, Michigan, is a clean energy portfolio solutions provider focused on applying the right mix of solar, cogeneration, and energy optimization solutions – with financing – to meet the business, sustainability, and resiliency objectives of municipalities, universities, schools, and hospitals, as well as multi-facility commercial and industrial organizations, such as General Motors, both in the United States and internationally. More information about Empower Energies can be found at http://www.empowerenergies.com.