Boulder, CO – Gravity Renewables, Inc., an investor-backed owner, operator, and developer of small hydroelectric power plants in the United States, today named JR Shaw, Founder and Executive Chair of Shaw Communications Inc., as Chairman of the Board.
Based in Boulder, Colorado, Gravity Renewables brings long-term, cost-effective clean energy to electricity consumers, helps conserve and restore historical sites, and promotes educational and recreational opportunities in the communities it serves. Gravity Renewables is operating and developing hydroelectric projects across the United States.
Mr. 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 $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.
“The strengths of Gravity Renewables are its dynamic management team, its exciting business model and potential for growth,” Mr. Shaw said. “I am looking forward to working with the team to help them realize their goals.”
“We are honored to have JR Shaw lead Gravity’s board,” said CEO Ted Rose. “JR has spent his career working hard to create value for shareholders and has enjoyed tremendous success. We look forward to learning from him in the months and years ahead.”
About Gravity Renewables
Gravity Renewables is a leading national owner, operator and developer of small hydroelectric power plants. Small hydropower provides predictable, reliable, affordable clean energy that’s locally produced. By making a long-term commitment to these neighborhood facilities, Gravity restores and conserves important historical sites, employs local operators and promotes educational and recreational opportunities in the communities it serves. Gravity currently has 30 MW of hydroelectric projects operating and under development in 7 states across the country. For more information please visit www.gravityrenewables.com or contact us at 303.440.3378. Follow Gravity Renewables on Twitter or Facebook.