Advantage Capital Names Steven Lichtin as CEO of Advantage Renewables
21 Mayo 2024 - 10:01AM
Business Wire
New Managing Director to Oversee Strategy,
Growth of Firm’s Clean Energy Development Platform
Advantage Capital, a leading impact investment firm, today
announced it has named energy executive Steven Lichtin as Managing
Director and Chief Executive Officer of Advantage Renewables. In
this capacity, Lichtin will lead and oversee the firm’s growing
renewable energy development platform.
A seasoned clean energy developer, Lichtin brings nearly 15
years of experience developing solar and energy storage projects in
various markets across the U.S. He has managed and developed
projects totaling more than 10GWs, and directly overseen the
commercialization of more than 1GW of solar and energy storage
projects.
“We are happy to welcome Steven to the team and have him guide
our renewable energy development platform through its next phase of
growth,” said Scott Murphy, Managing Director and Chief Investment
Officer, Advantage Capital. “His background will be invaluable as
we work to expand our footprint and impact in renewables,
completing our commitment to be a responsible developer that
respects neighbors and local landscapes.”
Advantage Renewables aims to bring businesses, jobs and
technologies to communities that have historically lacked access to
investment by financing and developing high-impact, utility-scale
solar and energy storage projects that expand access to clean
energy solutions. Lichtin’s appointment will support the firm’s
momentum in the renewables space, advancing its goal of bringing
sustainable, low-cost energy solutions to underserved areas
nationwide.
“It’s an honor to join this dedicated and extremely talented
team,” said Lichtin. “With a mandate to develop clean energy across
the U.S. and the backing of an established and industry leading
impact investment firm, we are well positioned for success.”
Prior to joining Advantage Renewables, Lichtin was Vice
President of Development at Cypress Creek Renewables (CCR), a solar
and energy storage independent power producer (IPP), where he led
all development activities for the Electricity Reliability Council
of Texas (ERCOT), PJM interconnection (PJM) and the Midcontinent
Independent System Operator (MISO) regions. Before CCR, he was
Director of Development at esVolta, an energy storage IPP, where he
led development activities for ERCOT, PJM, ISO New England (ISO-NE)
and the New York Independent System Operator (NYISO). In these
roles, Lichtin was responsible for managing the entire pipeline
from site origination, through permitting and interconnection, to
the start of construction.
Lichtin earned his MBA in Sustainability from Bard College and
his BA in Economics from Vanderbilt University.
About Advantage Renewables
Advantage Renewables is a solar and energy storage development
company sponsored by leading impact investment firm, Advantage
Capital, which works to bring businesses, jobs and technologies to
communities that have historically lacked access to investment.
Advantage Renewables finances and develops high-impact projects
that generate American-made energy in the communities it serves.
The company is committed to responsible renewables development –
aiming to be true partners within communities.
Advantage Capital is an Investment Adviser registered with the
U.S. Securities & Exchange Commission. Such registration,
however, does not imply a certain level of skill or training. This
release has been prepared for informational purposes and to
announce a prior event, and nothing herein should be construed as
an offer of investment advisory services or as an offer to sell or
a solicitation of an offer to purchase any securities or investment
product. All offers of investment interests in any fund or
investment vehicle managed directly or indirectly by Advantage
Capital are and will be made only to qualified prospective
investors pursuant to separate and definitive offering and
subscription documents in accordance with applicable federal and
state securities laws. Advantage Capital is an equal opportunity
provider.
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Advantage Capital Joe Stosberg, Communications Manager
jstosberg@advantagecap.com