Leadership Changes at New Energy Equity
New Energy Equity has announced an important leadership transition, as Josh Kunkel, the current president, is set to take over the role of Chief Executive Officer. This strategic move comes as part of a pre-planned transition, highlighting the company’s dedication to continued growth and stability.
About Josh Kunkel
Kunkel joined New Energy Equity in 2020 as Vice President of Business Development. His ascent to the presidency in 2022 demonstrates his commitment and effectiveness in driving the company forward. Reflecting on this transition, Kunkel expressed his admiration for the departing CEO, Matt Hankey. He acknowledged that Hankey has built a remarkable organization that fosters a strong company culture and unwavering dedication to success.
Matt Hankey's New Role
Matt Hankey, who co-founded New Energy Equity in 2013 and led it through various stages of rapid growth, will take on a new position as Emerging Technologies Officer at ALLETE. His role will involve overseeing broad initiatives across the ALLETE ecosystem while staying connected with New Energy Equity as a member of the Board of Directors.
Achievements Under Hankey's Leadership
During Hankey’s tenure, New Energy Equity has achieved significant milestones, including the development of over 600MW of solar energy projects across the nation. The company has also secured more than $1.5 billion in project investments, creating over 125 jobs and establishing itself as a leader in distributed renewable energy development.
Looking Ahead
As Kunkel steps into his new role, he remains optimistic about the future. He noted that the company is poised for continued success in the renewable energy sector. With a talented team behind him, Kunkel aims to expand New Energy Equity's impact and strengthen its position in the market.
Bethany Owen's Comments
Bethany Owen, the ALLETE CEO and New Energy Equity Board Chair, spoke highly of both Kunkel and Hankey. She emphasized the strength of the organization built under Hankey's leadership and expressed confidence in Kunkel's ability to lead effectively. Owen’s insights reflect the optimism surrounding this leadership change and the potential for continued growth for New Energy Equity.
About New Energy Equity
New Energy Equity, a wholly owned subsidiary of ALLETE, is dedicated to developing, financing, operating, and managing solar power generation assets. It provides clean electricity to a variety of customers, including commercial and industrial sectors, under long-term contracts. With over 600MW of developed projects and significant investments in clean energy, New Energy Equity continues to make notable contributions to the renewable energy landscape.
The company's vision and strategic direction will likely evolve as Kunkel takes the helm. This transition represents not only a change in leadership but also a commitment to advancing the company’s mission in the renewable energy sector.
Frequently Asked Questions
What prompted the leadership transition at New Energy Equity?
The transition is part of a planned strategy for growth and to ensure stability within the company as it continues to evolve in the renewable energy sector.
Who is Josh Kunkel?
Josh Kunkel is the current president of New Energy Equity, recently promoted to CEO, having joined the company in 2020 with a background in business development.
What will Matt Hankey's new role entail?
Hankey will become the Emerging Technologies Officer at ALLETE, where he will oversee initiatives across the broader ALLETE family of companies while remaining involved with New Energy Equity’s Board of Directors.
What achievements does New Energy Equity have under Hankey?
Under Hankey's leadership, the company has developed over 600MW of solar projects and invested more than $1.5 billion in renewable energy, positioning itself as a national leader.
What does the future hold for New Energy Equity?
With Josh Kunkel leading the company, New Energy Equity aims to continue expanding its influence and success in the renewable energy market, building on the solid foundation laid by Hankey.
