Braemar Energy Ventures Makes Key Hire.Scott DePasquale Joins Energy Technology Venture Capital Firm from GE NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Braemar Energy Ventures, a venture capital fund making early- to mid-stage investments in the energy technology sector, announced today that Scott DePasquale has joined the firm as Principal and Executive-in-Residence. Mr. DePasquale will be based in Braemar's Boston Office. Prior to joining Braemar, Mr. DePasquale was a Senior Vice President at GE Energy Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , where he led the group's Boston-based venture capital activities. Mr. DePasquale was instrumental in growing GE's energy venture capital business, overseeing the execution of 15 investments across diverse technology sectors. He also worked closely with scientists, engineers and researchers across GE's corporate Research Center, as well as executives from GE businesses to identify game changing energy technologies and to synthesize To create a whole or complete unit from parts or components. See synthesis. cooperative opportunities amongst portfolio companies. Prior to helping launch the VC group, Mr. DePasquale was a member of GE Capital's Diversified diversified (di·verˑ·s Energy and Natural Resources team where he was responsible for late stage private equity and structured finance transactions in infrastructure and upstream oil & gas. Previously, Mr. DePasquale was a senior consultant for Boston based Energy Security Analysis, Inc., a geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. think tank specializing in energy security policy and financial risk management. He has also been a sitting member of the Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. and an energy trader for an affiliate of the international oil trading giant Vitol S.A. "Scott has the specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. expertise and depth of experience that today's changing energy industry demands," said Dennis Costello, Managing Director of Braemar Energy Ventures' Boston office. "Despite the current economic environment, the variety of broader secular trends secular trend The relatively consistent movement of a variable over a long period. A stock in a secular uptrend is an indicator that the security has experienced an extended period of rising prices. that have a major impact on businesses, consumers and government action will be solved in large part by technology advances. We want to ensure we have the strongest team to take advantage of this vast opportunity." "I have a long-term appreciation for the Braemar team and the success of their investment record dating back to the early days of venture capital technology investments for the energy industry," commented Mr. DePasquale. "I am confident that they have the right combination of foresight (graphics, tool) Foresight - A software product from Nu Thena providing graphical modelling tools for high level system design and simulation. , instinct and industry experience to continue to lead the market in this sector." About Braemar Braemar Energy Ventures is a venture capital fund making early- to mid-stage investments in the energy technology sector. The firm's principals have invested in more than 50 companies in the sector and have significant technical, operational and financial experience in energy and energy-related industries. Through offices in New York and Boston, the firm targets a wide range of energy technologies that impact stationary power, transportation and portable energy applications. Additional information is available at www.braemarenergy.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion