Crescendo Power Hires Urs Gisiger as Managing Director to Support $30M Distributed Energy and Microgrid Project Fund I
Company will leverage Mr. Gisiger's 20 years of experience in the energy finance sector as project investments begin, strategic partnerships are defined and additional funds are structured.
DALLAS and BOSTON, Dec. 5, 2017 /PRNewswire/ -- Crescendo Power today announced that Urs Gisiger has been named Managing Director as the fund's project investments begin, strategic developer partnerships are defined and additional funds are structured. Mr. Gisiger will lead the firm's Boston office, bringing over $2B of direct energy and infrastructure project experiences to the firm. Mr. Gisiger is renowned for his project risk mitigation skills, public-private partnership experiences and structured fund raising success.
"Since our fund became active in April of 2017, the engagement from project developers looking for strategic investment partners has been strong," says Co-Founder and Managing Director Todd Price. "Urs will directly help us allocate our flexible funding through well-defined development partners that are also focused on the 1-10MW Microgrid and DER project sector, while also reducing risk for our investors, partners and end-customers."
Mr. Gisiger has focused on fund raising, project finance, project risk mitigation, PPA contract definition, private equity and P3 financing solutions as well as Microgrid-as-a-Service business models for Hitachi Microgrids, ECo, John Laing Group and AIG Global Marine & Energy. With a Masters in Law and a MBA, Mr. Gisiger easily adds value to the project development life cycle at any point in the value chain. He has experience in conventional power and renewable project types of all kinds including Wind, Solar, Biomass, Combined Heat and Power, Smart Grid Infrastructure and Microgrids.
"As a long-term owner-operator of distributed energy and Microgrid projects, we want our end-customers to be fully comfortable working with Crescendo Power from start to finish," says Co-Founder and Managing Director Coleman Adams. "We've also seen strong interest from potential new investors in our business model and sector focus. Urs will provide superb risk mitigation and portfolio structure as we evaluate the size, timing and focus of additional investment funds. His energy project experiences, credentials and creativity are really at a unique level."
Crescendo Power is looking to finalize its first project investment by the end of March 2018 and is actively evaluating several complimentary strategic development partnerships that will require a programmatic commitment from a focused, single-source project and tax equity partner. Crescendo Power may also define a new investment fund in 2018.
ABOUT CRESCENDO POWER, LLC
Crescendo Power brings a flexible investment strategy to support a variety of distributed energy projects. We service the full capital stack from sponsor and tax equity to sourcing debt in order to have the project efficiently deployed for the end customer. We collaborate with project developers, hardware/software providers, and EPC firms to help bring a complete solution to the customer's onsite energy goals.
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