Element Power Holdings, a renewable energy developer, said on Thursday that it has named Michael Reynolds chairman of its board of directors. Reynolds replaces interim Chairman Joe Slamm. Element Power Holdings, which has main offices in London, Madrid and Portland, Oregon, is a portfolio company of Hudson Clean Energy Partners.
LONDON–(BUSINESS WIRE)–Element Power Holdings announced today that Michael Reynolds, energy-industry veteran, has been named non-Executive Chairman of the Board of Directors of Element Power Holdings. Reynolds replaces interim Chairman Joe Slamm, who as a Co-Founding Partner of Hudson Clean Energy Partners, Element’s principal investor, will remain on Element’s board and continue in his role as Partner at Hudson.
“Michael Reynolds is one of the most experienced senior executives in the wider energy and renewable energy industry, and I am delighted that he and Element Power have come together now as the company moves into this next phase of growth,” said Neil Auerbach, Founder and Co-Managing Partner of Hudson Clean Energy Partners. “Michael’s acceptance of the Chairmanship as his next endeavour is a firm testament to our collective vision, and we value his leadership and guidance as the company continues to grow.”
Having held senior executive and chairman roles at a number of leading energy companies over his forty-year career, including positions at Carron Energy, Finavera Renewables, Endesa S.A., Sithe Energies/Vivendi, National Power, and his most recent role as Global Advisor on Energy and Renewables for Barclays Capital, Reynolds is ideally placed to steer Element forward.
Of his new role, Michael Reynolds said, “I relish the prospect of working closely with Mike O’Neill and Ty Daul, the CEOs of Element’s European and Americas respective entities, along with an outstanding team of professionals that have built Element Power into a leading global IPP; and one to which I hope to further contribute.”
“Mike and Ty have achieved remarkable success in the clean energy space — and together with Mike Reynolds they will form a leadership team that’s unparalleled in the industry,” said John Cavalier, Co-Managing Partner of Hudson Clean Energy Partners. “We look forward to supporting them as they lead Element toward continued success.”
ABOUT ELEMENT POWER
Element Power is a global renewable energy developer that develops, acquires, builds, owns and operates a portfolio of wind and solar power generation facilities worldwide. Element is present in 16 countries with over 9,000MW of solar and wind projects. Element Power is owned by Hudson Clean Energy Partners, a global private equity firm dedicated solely to investing in renewable power, alternative fuels, energy efficiency and storage.
The company’s main offices are in London, Madrid, Portland (Oregon), with operating bases on the East Coast (US) as well as Ireland, Poland, Sweden and Finland.
ABOUT HUDSON CLEAN ENERGY PARTNERS
Hudson Clean Energy Partners is a leading private equity firm based in Teaneck, NJ that makes privately negotiated investments in the dynamic and high-growth clean energy industry.
Global in scope, Hudson is dedicated to investing exclusively in renewable power, alternative fuels and energy smart technologies in sectors that include wind and solar energy, biofuels, biomass, geothermal energy, energy efficiency and storage. Hudson typically invests in high-growth, asset-based, capital-intensive segments of the clean energy value chain with minimal technology development risk, primarily in control and shared-control positions.