Electriq Power Announces New Addition to its Board of Directors
17 August 2023 - 12:55PM
Business Wire
Jennifer Lowry brings significant energy
industry and project finance expertise to the Board
Electriq Power (Electriq) (NYSE:ELIQ), a provider of intelligent
energy storage and management for homes and small businesses, today
announced the appointment of Jennifer Lowry to its Board of
Directors, effective immediately. She will be replacing Neha Palmer
on the Electriq Board.
“We are delighted Jennifer has agreed to join both our Board of
Directors and the Compensation Committee,” said Mike Lawrie,
Chairman of Electriq’s Board of Directors. “She brings extensive
experience in the energy industry to these roles, in addition to
strong knowledge of project finance. Her expertise will be a great
asset to the company as we build the future of Electriq.”
Jennifer Lowry served most recently as a senior executive at
McCormick and Company, first as Vice President of Corporate Finance
and Treasury before adding Risk oversight to her role. Prior to
taking on the role at McCormick, Lowry spent more than 25 years in
the energy industry in senior strategy and finance roles at Exelon,
Constellation Energy, Cogentrix Energy and AES. During her career,
Lowry has developed and enhanced risk management policies and
provided strong oversight for financial and commercial transactions
and operations.
Outside of her executive roles, Jennifer is a Founding Member of
Extraordinary Women on Boards (EWOB). EWOB serves to advance
boardroom excellence, modernize governance and amplify the
influence of women inside the boardroom and beyond.
“I am thrilled to be joining the Electriq Board of Directors,”
said Jennifer Lowry. “Electriq’s mission to enable access to the
latest energy production and storage systems for all households,
regardless of income levels, is one I believe in wholeheartedly. I
look forward to leveraging my insights and experiences to enable
Electriq to maximize its potential and build long-term value for
shareholders.”
"Electriq is bringing together key constituents from finance,
energy, local government, sustainability and more to provide
households across the U.S. with secure, affordable, and predictable
clean energy," said Frank A. Magnotti, board member and CEO of
Electriq Power. "Jennifer’s deep experience in both the energy
market and in project finance makes her a perfect addition to the
Electriq board. As we continue to build out our business model, her
knowledge and insights will be invaluable. I would also like to
thank Neha for her years of service and wish her well as she scales
her own energy transition company.”
Electriq provides zero-up-front-cost energy systems – turnkey
energy solutions that include batteries, solar panels, software,
project development, financing, and installation – for homeowners
in specific geographies and across all customer classes, including
Low- and Moderate-Income (LMI) households. By connecting
organizations, companies, cities and municipalities, and their
local homeowners into Sustainable Community Networks, Electriq is
enabling a shared vision of making the planet a better place.
Through these partnerships, as well as by providing a comprehensive
solution portfolio, Electriq makes it possible to deliver complete,
clean, affordable, and resilient energy to all homeowners.
About Electriq Power
Electriq (NYSE:ELIQ), founded in 2014 in Silicon Valley,
provides turnkey intelligent energy storage and management
solutions for homes and small businesses. Electriq’s solutions
deliver always-available, low-cost clean energy, even during
intermittent outages and inclement weather. Those solutions enable
cities, municipalities, and utilities to provide their constituents
with a path to sustainable and resilient sources of energy,
regardless of socio-economic status.
Forward-Looking Statements
This press release contains forward-looking statements that are
based on our management’s beliefs and assumptions and on
information currently available to management. These statements
relate to, but are not limited to, the expected contributions of
Ms. Lowry, as well as our future operating and financial results.
You should not put undue reliance on any forward-looking
statements. Forward-looking statements should not be read as a
guarantee of future performance or results and will not necessarily
be accurate indications of the times at, or by, which such
performance or results will be achieved, if at all. These
statements are subject to risks and uncertainties that could cause
actual performance or results to differ materially from those
expressed in or suggested by the forward-looking statements,
including those described in our filings and reports that we may
file from time to time with the Securities and Exchange Commission.
We assume no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise.
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