Electriq Power Announces New Director of Capital Markets
26 September 2023 - 4:47PM
Business Wire
David Peterson brings deep capital markets and
energy industry expertise to the role
Electriq Power Holdings, Inc. (“Electriq”) (NYSE:ELIQ), a
provider of intelligent energy storage and management for homes and
small businesses, today announced the addition of David Peterson to
its finance team, effective immediately. Peterson will lead capital
markets activities and be responsible for arranging corporate
financing, both equity and debt, and project financing for
Electriq’s Sustainable Community Network (SCN) programs and
Sustainable Solutions partners.
“We are excited to have one of the pioneers of residential solar
financing with Electriq Power,” said Frank Magnotti, Chief
Executive Officer of Electriq. “David joins a management team that
helped bring residential Virtual Power Plants (VPP) to the market.
This integration of experience and expertise, combined with our
five levels of proprietary software that enables the battery to be
the energy management hub of the home, is a powerful foundation for
the company’s growth."
Mr. Peterson served most recently as a Principal at Rebel Group,
where he provided strategic advisory services on energy and
infrastructure projects. Prior to joining Rebel, he was Managing
Director for renewable capital markets at Clean Power Finance
(CPF), a solar financing platform. His background also includes 20
years in infrastructure financing, both advising organizations on
essential infrastructure projects and delivering financing through
his prior roles at Ernst & Young, RBC Capital Markets, CIT
Group and Schroders. Throughout his career, Mr. Peterson has
negotiated and closed finance facilities in excess of $15 billion,
comprising almost all forms of financing relevant to energy and
infrastructure.
“I am delighted to join the Electriq team,” Mr. Peterson said.
“I have spent my career helping connect essential infrastructure
projects to effective financing options. Electriq’s vision of
making clean energy infrastructure available to all fits perfectly
with my experience. I look forward to helping the team access the
financing needed to make that vision a reality.”
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, 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
municipalities and utilities to provide their constituents with a
path to sustainable and resilient sources of energy, regardless of
socio-economic status.
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