David Crane Takes Leadership at Generate Capital in Growth Era
David Crane Takes the Helm at Generate Capital
Generate Capital, PBC, a leading infrastructure investment firm, has recently appointed David Crane as the new Chief Executive Officer and Chairman of the board. This strategic move indicates a pivotal moment as the firm aims to enhance its position in a dynamic energy market.
A New Chapter in Leadership
David Crane takes over leadership from Generate co-founder Scott Jacobs, who successfully guided the company for over ten years. Under Jacobs' stewardship, Generate Capital became recognized as a significant player in the energy transition, showcasing remarkable financial performance and operational prowess.
Gratitude to Previous Leadership
Richard Kauffman, former Chairman and current Independent Director, expressed heartfelt appreciation for Scott's visionary leadership. "We owe Scott our gratitude for his more than a decade of dedicated service that has positioned Generate as a trusted partner in sustainable infrastructure. Today, the Board is thrilled to welcome David as our new CEO. Generate was founded with the core belief that merging operational expertise and investment creates a unique opportunity to deliver value to our shareholders and stakeholders while propelling the energy transition forward. We are fortunate that David will lead this next vital phase for our partners, investors, and the communities we serve," Kauffman stated.
David Crane's Vision for Generate Capital
In his acceptance remarks, Crane acknowledged why he chose Generate Capital. "I chose this firm because of its unwavering commitment to operational excellence and the energy transition. We possess a robust balance sheet, capital flexibility, and profound market insights that will prove invaluable in the present climate. Our immediate focus will be on maximizing portfolio value, investing in high-performing assets, and expanding our credit services. It is an honor to lead Generate and reaffirm my commitment to providing long-term value to all stakeholders,” he remarked.
Crane’s Impressive Background in Energy
Bringing over 20 years of experience within the energy sector, Crane has held CEO positions at five publicly traded energy companies. His leadership earned him recognition such as Energy Industry CEO of the Year by EnergyBiz in 2010 and top CEO in the energy sector by Institutional Investor in 2011. Before joining Generate, he served as Under Secretary for Infrastructure at the U.S. Department of Energy. Additionally, he has been involved with notable companies such as JERA Co., Inc., Saudi Electric Company, and Tata Steel.
About Generate Capital
Generate Capital stands as a specialized, multi-strategy investment platform dedicated to building, owning, and operating significant infrastructure projects. The firm aims to finance and deliver solutions that are not only affordable but also resilient, addressing the essential resource needs of communities while responding to the growing power demands nationwide. Since its inception in 2014, Generate has successfully raised over $14 billion, deploying resources across six critical sectors: power, mobility, waste, green digital initiatives, water, agriculture, and industrial decarbonization.
Frequently Asked Questions
1. Who is the new CEO of Generate Capital?
The new CEO of Generate Capital is David Crane, who also serves as Chairman of the board.
2. What significance does David Crane's appointment hold?
Crane's appointment marks a strategic shift for Generate Capital as it aims to enhance its role in the evolving energy market.
3. How long did Scott Jacobs serve as CEO?
Scott Jacobs served as CEO for over a decade, leading the firm through significant growth and transformation.
4. What experience does David Crane bring to Generate Capital?
David Crane brings more than 20 years of experience in the energy sector, having held CEO positions at multiple publicly traded energy companies.
5. What are Generate Capital's primary sectors of investment?
Generate Capital invests across six key sectors, including power, mobility, waste, green digital resources, water, and industrial decarbonization.
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