Tuohy Appointed CEO of w2pS

Hudson Clean Energy Partners said Monday that David Tuohy was named CEO of Wind to Power System SL (or w2pS). Madrid-based w2p2 provides products and services for renewable energy grid integration. Tuohy was previously interim CEO for a solar PV technology start-up in stealth mode and a member of the board of directors of Ecostream, a European solar EPC player.

PRESS RELEASE

Hudson Clean Energy Partners, a leading private equity firm that invests in the global renewable power, alternative fuels, energy efficiency and storage markets, announced today the appointment of David Tuohy as CEO of Wind to Power System SL (w2pS). Based in Madrid, w2pS is a global provider of products and services for renewable energy grid integration.

“David’s exceptional knowledge of the energy sector and passion for clean energy and energy efficiency situate him at forefront of this industry,” said Neil Auerbach, co-managing partner of Hudson Clean Energy Partners. “We’re thrilled to have him join our global leadership team and steer w2pS toward its full growth potential.”

Mr. Tuohy has close to 20 years of international experience in the telecommunications and energy sectors. He has held senior management positions at multiple companies, including two Dutch energy utilities, Nuon and Eneco, where he successfully led their retail distribution business through market liberalization. He also played a pivotal role in setting up the national energy savings program in Holland.

“As the penetration of solar and wind energy increases so do the challenges associated with grid integration,” said John Cavalier, co-managing partner of Hudson Clean Energy Partners. “This translates into a huge opportunity for w2pS as a frontrunner in this field. We selected David to manage the business through the next phase of growth for his proven leadership skills and strong commercial vision.”

Mr. Tuohy worked previously as interim CEO for a solar PV technology start-up in stealth mode and a member of the board of directors of Ecostream, a European solar EPC player. He is also a non-executive director of Holland Container Innovations, a Delft University spin-off developing sustainable solutions for the transport sector. Mr. Tuohy studied at University College Dublin, INSEAD and the Andersen School of Management at UCLA.

“Hudson’s financial strength and network in the clean energy sector provide a strong foundation for the company’s ambitious expansion plans in China and further afield,” said Mr. Tuohy. “Renewable energy power quality and grid integration are the biggest problems facing the global energy system. w2pS offers unique solutions for wind, solar and storage, and I look forward to working with some of the best power electronics engineers in the world to address this challenge.”

About Hudson Clean Energy Partners

Hudson Clean Energy Partners is a private equity firm that invests in the dynamic and fast-growing clean energy market. Hudson invests in companies focused on renewable power, alternative fuels, and energy efficiency and services. Hudson’s investment strategy focuses on high-growth, asset-based, capital- intensive segments of the clean energy value chain using commercialized technologies to extract energy from wind, solar, geothermal, hydroelectric, biomass and other renewable sources. Further information about Hudson can be found at www.HudsonCEP.com.

About Wind to Power System

w2pS is a global provider of products and services aimed at addressing the issue of renewable energy grid integration. Headquartered in Madrid, Spain, w2pS is a fast growing company primarily engaged in designing, supplying, and installing power control and conversion devices for the wind, solar and smartgrid sectors. The company has developed a suite of grid integration products, which among other things, provides low voltage ride-through capability and reactive power control and caters to a rapidly expanding global market including Spain, Germany, China, and the United States. Further information about w2pS can be found at www.w2pS.es

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