Jigar Shah, former CEO of The Carbon War Room and Founder of SunEdison has joined Inerjys, an equity fund and green finance firm, as Partner, where he will focus on the firm's international renewable energy project strategy. Inerjys, based in Montreal, is looking to raise $1 billion to "reinvent the clean technology and renewable energy sector by investing vertically across the value chain." The fund, which has yet to announce its first close, purports to "overcome market barriers and accelerate the pace of innovation" by investing growth equity "while simultaneously building utility-scale clean technology projects worldwide."
SCIenergy's board of directors replaced CEO Russ McMeekin, who led the company through last year’s acquisition of energy services company Servidyne and this year’s purchase of efficiency financing startup Transcend Equity, with Steve Gossett Jr. of Transcend Equity. Gossett Jr. brought in a new executive team including his father Stephen Gossett as COO, confirmed in a Friday interview that the company did recently downsize its workforce, though as part of an integration of SCIenergy’s software business, Servidyne’s building auditing and retrofitting business and Transcend’s novel efficiency project financing.
FirstFuel Software, a building energy analytics company, today appointed John MacPhee as CFO, Sam Krasnow as VP Regulatory Affairs and Market Development, and Domenic Armano as Director of Customer Solutions. These strategic hires will help to drive FirstFuel’s future growth and expansion plans for 2012 and beyond.
Cree, the solid-state lighting manufacturer, saw its CFO John Kurtzweil depart to join Extreme Networks. Cree's stock price has stumbled in the last month.