VC-backed GMZ Energy names business development VP

GMZ Energy has hired Scott Rackey as vice president of business development. Previously, Rackey was CEO of four energy startups. Based in Waltham, Mass. GMZ is a developer of high temperature thermoelectric generation solutions. Its backers include Kleiner Perkins Caufield & Byers, BP Alternative Energy, I2BF, Mitsui Global Investment and Energy Technology Ventures (a joint venture between General Electric, NRG Energy and ConocoPhillips).

PRESS RELEASE

WALTHAM, Mass.–(BUSINESS WIRE)–GMZ Energy, a market leader in the development of high temperature thermoelectric generation (“TEG”) solutions, today announced the appointment of Scott Rackey as Vice President of Business Development. In his new role, Scott is responsible for scaling GMZ’s business model and developing strategic partnerships to help the company continue on its path towards commercialization.

An accomplished leader and successful entrepreneur, Scott has more than 13 years of experience managing early-stage technology teams. Previously, Scott was CEO of four energy startups where he raised over $20 million in venture capital and gained a deep strategic and technical understanding of various energy and manufacturing businesses.

Cheryl A. Diuguid, CEO of GMZ Energy, said: “I am pleased to welcome Scott to GMZ’s leadership team at such a critical time in the company’s history. His technical expertise and entrepreneurial background will be crucial in helping us better communicate GMZ’s value to current and potential OEM partners.”

Scott Rackey added: “I’m excited to join GMZ, a true leader in the growing thermoelectrics industry. The company’s patented solutions provide unparalleled benefits to OEMs in many industries, and I look forward to helping GMZ commercialize its high-efficiency TEG modules.”

Scott has spent his entire career commercializing new energy technologies, including photovoltaics, batteries, fuel cells and ultracapacitors. In his most recent role, Scott served as Vice President of Business Development at OsComp Systems where he spearheaded the launch of the company’s virtual pipeline refueling business. Scott’s prior venture-backed companies include: FPGeneration, CTP Hydrogen, CellTech Power and BurstPower Technologies.

Scott holds his bachelor’s degree in Mechanical Engineering from Rensselaer Polytechnic Institute and his MBA from the Wharton School at the University of Pennsylvania.

About GMZ Energy
GMZ Energy is a market leader in the development of high temperature thermoelectric generation (“TEG”) solutions that directly convert waste heat into electricity. The company uses its patented processes to manufacture thermoelectric (“TE”) materials that improve performance and increase efficiency across multiple applications, thereby lowering costs. GMZ partners with OEMs worldwide to develop TEG modules for appliances, passenger vehicles, heavy equipment, diesel generators, power plants and industrial waste heat recovery. Founded in 2006 and headquartered in Waltham, MA, GMZ has a broad portfolio of internationally-developed patents. The company’s top-tier investors include: Kleiner Perkins Caufield & Byers, BP Alternative Energy, I2BF, Mitsui Global Investment, and Energy Technology Ventures (a joint venture between General Electric, NRG Energy, and ConocoPhillips). To learn more, visit: www.gmzenergy.com.

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