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
Entrepreneur-in-Residence.
Hudson Clean Energy Partners announced today that they have hired Terry
Jester, one of the global photovoltaic (PV) industry’s
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 SunPower’s $50
million Solar America Initiative research and development project,
comprising critical supply chain and product development activities for
one of the world’s most successful solar
companies. She sits on the advisory board of NREL’s
National Center for Photovoltaics, and has received the U.S. Department
of Energy Rappaport Award for outstanding contributions to the PV
industry.
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
industry’s next leaders.”
Hudson Founder and Co-Managing Partner Neil Auerbach remarked, “We
are delighted to add Terry’s 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 we’ve targeted
for investment with her knowledge and ability to add value. We are
confident that she will be a major asset to Hudson and Hudson’s
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. Hudson’s
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 www.HudsonCEP.com
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