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Hudson Clean Energy Attracts Top Star from the Renewable Energy Industry

2008-07-17 15:48:00

NEW YORK–(EMWNews)–Hudson Clean Energy Partners announced today that solar industry

manufacturing veteran Terry Jester has joined the firm as an


Hudson Clean Energy Partners announced today that they have hired Terry

Jester, one of the global photovoltaic (PV) industrys

leaders in commercial manufacturing operations. Ms. Jester joined the

firm as of June 2008 and is collaborating with Hudson investment

professionals Daniel Gross and Craig Cornelius in evaluation of

investment opportunities in the solar sector.

For over 25 years, Ms. Jester has led efforts to commercialize new

manufacturing processes and product designs in the PV industry,

including both crystalline silicon and thin film cell and module

technologies. Her many achievements include creating one of the first PV

module designs that could provide 30 years of reliable operating life,

and overseeing solar manufacturing for Siemens, Shell, and Solarworld.

Most recently, Ms. Jester led SunPowers $50

million Solar America Initiative research and development project,

comprising critical supply chain and product development activities for

one of the worlds most successful solar

companies. She sits on the advisory board of NRELs

National Center for Photovoltaics, and has received the U.S. Department

of Energy Rappaport Award for outstanding contributions to the PV


Ms. Jester stated, I am very excited to be

joining the Hudson team, where we have a very exciting vision for

investing in solar. As it scales and incorporates new manufacturing

technologies, the PV supply chain is becoming cost-competitive with

conventional generation in many markets. We think the addressable market

for PV can be expanded even further through

product designs that address the requirements of different market

applications, through use of new materials in the supply chain, and

through large-scale production. At Hudson, we will aim to fund and

support companies that implement these strategies to become the solar

industrys next leaders.

Hudson Founder and Co-Managing Partner Neil Auerbach remarked, We

are delighted to add Terrys tremendous

technical depth and managerial capabilities to the Hudson team. We feel

fortunate to have Terry on our team, working with Daniel and Craig to

guide our investment strategy in this dynamic sector.

We are passionate about identifying the very

best managers in the renewable energy industry,

said John Cavalier, Co-Managing Partner. Terry

meets our high bar for management talent and experience, and has already

impressed many companies that weve targeted

for investment with her knowledge and ability to add value. We are

confident that she will be a major asset to Hudson and Hudsons

portfolio companies in the PV sector.

This statement does not constitute an offer of sale, or a solicitation

of investors or purchasers, in respect of the securities of any person

in any jurisdiction.

About Hudson Clean Energy Partners

Hudson Clean Energy Partners is a private equity firm that invests in

the dynamic and fast-growing clean energy market. Hudson invests in

companies focused on renewable power, alternative fuels, energy storage

and demand-side energy management. Hudsons

investment strategy focuses on high-growth, asset-based,

capital-intensive segments of the clean energy value chain using

commercialized technologies to extract energy from wind, solar,

geothermal, biomass and other renewable sources. Further information

about Hudson can be found at

Hudson Clean Energy Partners
Neil Auerbach or John Cavalier, +1

(201) 287-4100

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