Gravity Renewables managers have over 100 years experience with small hydro and distributed renewable energy projects and project finance. Gravity Renewables’ management team is supported by an investor pool comprised of high net worth individuals, family offices, and institutional private equity funds.
Ted Rose, Chief Executive Officer
Ted serves as the Chief Executive Officer and Director on the Board of Directors at Gravity Renewables, Inc. Ted joined Gravity Renewables, LLC , a small hydro consulting firm that was the predecessor to Gravity Renewables, Inc., as Managing Partner in 2010.
For almost a decade, Ted has been an industry leader in the development of renewable energy purchasing in the United States. He has worked with companies including Google and Nike as well as schools including Kent State University and Ohio Northern University, as well as municipalities across the country. He also has served on working groups for the National Hydropower Association as well as the Steering Committee in 2013 and 2014 for HydroVision.
Previously, Ted Rose served as the Vice-President of Business Development for NexGen Energy. He led the company’s solar development and renewable energy credit trading. Earlier, Ted served as Vice President for Renewable Choice Energy, the award-winning carbon offset and renewable energy credit provider. Ted graduated magna cum laude from Harvard College. He lives with his wife and two sons in Boulder, CO.
Mark Boumansour, Chief Operating Officer
Mark serves as the Chief Operating Officer and Director on the Board of Directors at Gravity Renewables, Inc.
Mark co-founded Gravity Renewables Group, LLC in 2010, a small hydro consulting firm that was the predecessor to Gravity Renewables, Inc. He is a trained engineer who also held leading business development roles in the U.S. hydropower industry with a focus on new hydro on existing dams (NHED) and existing hydro plants acquisition and refurbishment.
Mark consults regularly with industry OEMs, project developers, regulators, affiliated regional agencies, design/engineering firms and operators. He has performed economic analyses and structured financial presentations for more than 300 MW of small hydro project portfolios including Gravity Renewables’ own. He serves on various working groups within the National Hydropower Association. Mark also has consulted for private equity funds, public universities, private schools, municipalities and the U.S. Department of Energy on renewable energy development strategy.
Prior to founding Gravity Renewables, Mark was the Vice President of Sales and Marketing at NexGen Energy where he worked closely with the management team, wind energy technical experts, energy economists, legislative specialists and financial partners directing project origination and acquisition efforts. Prior to NexGen, Mark served in various business development and engineering roles in the renewable energy and manufacturing sectors. Mark received a Bachelors of Science in Engineering from Michigan State University. He lives with his with wife and son in Boulder, CO.
Jim Fulmer, Senior Vice President of Operations
Jim serves as the Senior Vice President of Operations for Gravity Renewables, Inc.
Prior to joining Gravity Renewables, Jim held a senior management position at Enel Green Power North America, the U.S. renewable energy subsidiary of European utility Enel, named the 52nd largest company in the world by CNN Money in 2012. He oversaw operations and business development for Enel’s small hydro business in the United States.
Prior to joining Enel, Jim was part of the management team at CHI Energy that consolidated 65 small hydro plants becoming the largest small hydro producer in the U.S. CHI was acquired by Enel Green Power in 2001. Jim lives with his wife in Greenville, SC.
Board of Directors
JR Shaw, Chairman of the Board
JR Shaw is a pioneer of the North American cable industry, having built Shaw Communications (NYSE: SJR; TSX: SJR.B) into one of Canada’s leading network and content companies, with more than 3.3 million customers, 14,000 employees and a market capitalization of US$11.5 billion. Mr. Shaw also brings to Gravity Renewables considerable experience as a director and chairman of numerous private and public companies, including six years as Chairman of Suncor Energy (NYSE: SU), one of the world’s largest energy companies.
Curtis D. Bartlett, Director
Mr. Bartlett is a Co-founding Partner at Lorem Partners. He has over 20 years of experience as an entrepreneur and manager, private equity investor and investment banker. Currently he is a director of several private companies, and a founding Director of Parex Resources Inc. (Ticker: PXT.CN), a Canadian publicly listed oil company. Mr. Bartlett has been involved in the start-up, growth, and sale of several successful energy companies including Petro Andina Resources Inc., Addison Energy Inc., IPEC Ltd., and Archer Resources Ltd.
David Holm, Director
Mr. Holm, B.Comm., LL.B., ICD.D has enjoyed a 28 year business and legal career. Mr. Holm recently retired from Veresen Inc., a $2.5 billion, diversified energy infrastructure company (Ticker: VSN.CN) where he served as Executive Vice-President of Corporate and Business Development. Earlier, he served as Executive Vice-President of Provident Energy Ltd. and served as a Managing Director at TD Securities Inc. and at Scotia Capital Inc. Previously, Mr Holm practiced law in Calgary. Mr. Holm has served on the Boards of various private and public companies in the course of his career.
Jim Shaw, Director
Jim Shaw is Vice Chairman of the Board for Shaw Communications Inc. (Ticker: SJR.B.CN) Mr. Shaw retired as CEO in 2010. Prior to his appointment as CEO, Mr. Shaw held a number of senior management positions with the company including President, Chief Operating Officer, and Senior Vice President, Operations. During Mr. Shaw’s tenure as CEO of Shaw Communications, the company grew rapidly through a series of significant transactions, including the acquisitions of Moffat Communications Ltd., Canadian Satellite Communications Inc.
Ron Miller, Observer
Mr. Miller is a Chartered Accountant and a Co-founding Partner of Lorem Partners. He has over 20 years of transactional experience for both privately held and publicly traded companies. He has valued, structured, and negotiated acquisitions, dispositions, and financings as both a financial advisor and an investor. Mr. Miller is a member of the Institute of Corporate Directors and has earned his ICD.D designation, He is a director of several private companies and is a founding Director of Parex Resources Inc. (Ticker: PXT.CN), a Canadian, publicly listed energy company.
Lorem Partners is a network of experienced high net-worth private equity investors focused on funding the growth of start-up, early stage, small and medium-sized enterprises, or buying self-funding established firms, that offer competitive products and services within the natural resources, independent power production, and clean technology sectors. Lorem has partners located in Calgary, Toronto, and New York City.
Summit Energy Development Group
Summit Energy Development Group is a subsidiary of Summit Global Management, a water rights registered investment advisor with more than $500 million in investments. Summit Energy Development Group invests directly in water-related energy projects including hydroelectric and solar plants in the United States.
Canoe Financial is a Canadian-based investment management and private equity firm with $1.8 billion under management investing across a broad array of asset classes including equities, income and the energy sector in the US and Canada.