Info About Thomas Byrne

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Working with innovators at CleanCapital

I’m excited to announce the selection of my co-founders Thomas Byrne and Jon Powers to the inaugural Solar 40 under 40 list from Renewable Energy World. We founded CleanCapital in 2015 to make it easy to invest in clean energy. Since then we’ve built a proprietary technology platform that identifies, screens, and manages clean energy projects, enabling project owners an opportunity to exit their portfolios while providing accredited investors—including institutional investors, family offices, and investment funds—unique access to the clean energy investment market.

Be excited and inspired by your fellow co-founders

Having worked with Thomas Byrne and Jon Powers for nearly three years, I’m proud of the company and team we’ve built together at CleanCapital. Their passion and commitment to the clean energy industry remains a driving force for our company.


Thomas Byrne   Jon Powers
Thom and Jon are leading voices in expanding and improving solar industry and they are joined by a talented and inspiring group who I’m sure will continue to drive this industry forward.

Their leadership is an inspiration to our whole team and you don’t have to take my word for it.

I’ve known Jon since his days working in the White House for the Obama administration. His ability to bring synergies to the market, understand and overcome the barriers facing clean energy and sustainability is exceptional. His background in the military and passion for finding solutions to climate change resonate through his work everyday. Thom’s innovative approach and outlook to clean energy finance will help expand the clean energy marketplace as whole and drive more capital to the clean energy technologies that help the economy as well as the climate. This inspiring vision is what pushed me to join the team at CleanCapital and I’ve enjoyed every minute of it.

Zoe Berkery, Vice President, CleanCapital

I’ve known Thom for over a decade and continue to admire his clear commitment to the advancement of solar energy and his ability to develop innovative solutions to industry challenges. When it comes to executing on the most complicated transactions and leveraging partnerships, there is no one better to lead the charge than Jon.  Working together, Thom and Jon continue to make unparalleled contributions to the clean energy space and I’m honored to work beside them.

Melinda Baglio, Head of Acquisitions and General Counsel, CleanCapital

Believe in your solution

Our company was founded on the idea that investing in clean energy doesn’t have to be so hard. We’ve celebrated major milestones in the development of our proprietary technology platform to streamline the project acquisition and investment process. Last month, we celebrated another milestone: two of our projects were ranked as top performing assets by kWh Analytics in the industry’s first “Asset League Table.”

Addressing the climate crisis requires a significant increase in both public and private capital investments in clean energy. Some estimates are as high as $90 trillion over the next 15 years. The reality is that despite the historic growth clean energy is seeing, investment in the sector remains largely stagnant. By leveraging technology to streamline the entire financing process from facilitating data transfer and diligence from the sellers, to comprehensive and ease of underwriting by our investor partners. This efficient use of technology helps us to close transactions quickly and reduces many of the points of friction inhibiting broader investment in clean energy.

Looking to the future

I’m excited about the work we do at CleanCapital. In the last few months, our team has leveraged our new partnership with CarVal Investors to acquire new assets and bring our total to nearly $150 mil in operating solar assets. Through our proprietary platform and capital partnerships, the CleanCapital team continues to bring liquidity to a historically capital inefficient clean energy marketplace.

CleanCapital announces $250 million equity partnership with CarVal Investors

New partnership, supports growing clean energy marketplace with up to $1 billion available to acquire and invest in solar projects

NEW YORK, NY- [April 9, 2018] CleanCapital, a fintech company that makes it easy to invest in clean energy, and CarVal Investors, a leading global alternative investment fund manager, today announced a new $250 million equity partnership that, including debt financing, enables the acquisition of up to $1 billion of clean energy assets. This partnership harnesses CarVal’s expertise across different asset classes and creates an opportunity to define clean energy as an investment-ready opportunity. To date, the CleanCapital team, founded by Jon Powers, Thomas Byrne, and Marc Garrett, has acquired nearly $100 million of operating solar projects. Their proprietary platform streamlines and expedites due diligence and analysis, allowing complex deals to close in less than 60 days.

The solar industry is on track to reach over 100GW of capacity by 2023; however, the flow of capital within the space remains largely stagnant. CarVal has a successful track record of leveraging the securitization market to enhance returns and tapping capital markets to broaden investable opportunities. This expertise will allow CleanCapital to bring much-needed liquidity to the historically capital-inefficient clean energy marketplace.

“CleanCapital’s approach is game-changing for accelerating investments in a sustainable energy future for America,” said Jerry Keefe, principal at CarVal Investors. “Their proprietary methodology to acquire solar assets takes what was once a complex and cumbersome process and makes it simple and secure for developers. We believe these assets have the potential to be solid, high-performing investments with predictable cash flows for investors. We’re excited to partner with CleanCapital as they continue to grow the clean energy economy and bring much-needed capital to the sector.”

“As the investment needs in renewables grow, broader participation from institutional investors is critical to transition from fossil fuels to a clean energy economy. This substantial capital commitment multiplies our ability to provide project owners with opportunities to successfully exit their portfolios. I’m convinced that the flow of capital into clean energy is irrepressible, and this deal is one more step in unlocking the billions of dollars of untapped capital sources that have been absent from this sector,” said Thomas Byrne, Co-founder and Chief Executive Officer of CleanCapital. “Partnering with CarVal Investors, one of the most dynamic and innovative capital partners in the market, increases the resources and experience to accelerate toward that goal.”

CleanCapital was connected to CarVal through Finitive, a financial technology platform providing institutional investors with access to alternative lending investments.

“Using its proprietary financial technology platform, CleanCapital has established a leadership role in the acquisition of solar renewable assets. We are excited that CleanCapital and CarVal have partnered to further accelerate the growth of CleanCapital’s portfolio. With this partnership and the capital provided by CarVal, CleanCapital will be able to achieve its acquisition goals for the near and medium term,” said Jon Barlow, Executive Chairman and founder of Finitive.

CleanCapital is a financial technology company that makes it easy to invest in clean energy. They deliver technology solutions to all aspects of the transaction processfrom lending to capital raising, origination to diligence. The proprietary technology platform identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market.

About CleanCapital:

Founded in 2015, CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market. Stay up to date on the evolving market of clean energy finance by following the company on Twitter or Facebook or connecting via LinkedIn. Learn more at http://www.cleancapital.com.

About CarVal Investors

CarVal Investors is a leading global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, CarVal has invested $103 billion in 5,300 transactions across 79 countries. CarVal has a history of successful energy and power investments and is innovative in structuring partnerships in the renewables industry. For more information, visit www.carvalinvestors.com.

About Finitive

Finitive is a financial technology platform providing institutional investors with turnkey, zero-fee access to alternative lending investments. Its highly selective process, world-class investment team, and unique platform efficiently deliver capital to its originator partners. Through Finitive, institutional investors access a multi-trillion-dollar market that encompasses a broad spectrum of non-bank lending sectors, including specialty finance, online lending, marketplace lending, and private credit funds. Finitive’s originator partners gain efficient access to a global network of investors who are actively allocating to alternative lending.  All regulated activities are conducted through North Capital Private Securities, member FINRA/SIPC. For additional information, please visit Finitive’s website at www.finitive.com.

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For more information:
Contact: Lauren Glickman, press@cleancapital.com, (504) 258-7955

Why We Launched CleanCapital

A few years ago, I refinanced my law school loans with SoFi. I was ushered through a painless process that resulted in better loan terms and a lower rate. As a lawyer that was involved in billions of dollars of clean energy transactions, I was accustomed to inefficient, painful financings. My SoFi experience offered an alternative approach. If there was an easier way to finance student loans, surely, I thought, there could be a better way to finance clean energy projects.

If there was an easier way to finance student loans, surely, I thought, there could be a better way to finance clean energy projects

The idea was born, and the founding team began work on the business that would become CleanCapital.

Frustrated by the status quo, we set out to change the paradigm that was restraining clean energy growth. This is why we created CleanCapital — a technology-driven platform that is accelerating clean energy with simpler finance.


Getting Started

CleanCapital recently achieved an important milestone towards this goal. We announced a first-of-its-kind clean energy financing that allowed a diverse group of investors to directly invest into a portfolio of operating solar projects. CleanCapital received funding from a prominent insurance company alongside a number of family offices and individuals.

It may sound basic, but until now, very few investors could access direct solar investments. Clean energy investing has been limited to a small handful of banks and investment funds with little participation from pension funds, family offices and individuals despite the appeal of these long-term cash-flowing assets. Yet it is broad investment from these very investors that is critical to achieving ambitious and necessary clean energy goals.


Accelerating a Global Transition to Clean Energy

The global awakening to the impact of a carbon-saturated future is leading investors and policymakers to take material steps to transition to a clean energy economy. An increasing trend towards divesting from carbon has led many large investors to seek clean energy alternatives and they are doing so with broad policy support.

In December 2015, COP21 convened in Paris to negotiate the Paris Agreement in which nearly 200 nations agreed to implement measures to limit global warming. In the United States, the Clean Power Plan and numerous state policies — most recently, California and New York — have similarly demanded robust clean energy reforms.

PV Deployment Forecast (MWdc) per Year
Source: US Solar Market Insight Report for Q1 2015 – GTM Research


A Better Way to Invest

Expanding clean energy investment requires CleanCapital to offer a different business model. Investors repeatedly express frustration with the dominant “fund” investment approach in which investors blindly lock up capital for long periods at high fees. CleanCapital allows investors to review and make investments online at their convenience. With low fees and a transparent investing experience, CleanCapital puts investors first.


A Better Investment

Clean energy is an excellent investment class that provides sound, predictable returns to investors. It can be a dependable piece of a diverse portfolio particularly in today’s environment. With corporate bonds yielding in the low single digits, CleanCapital deals offer investors a similar risk profile with stronger returns. In a “high risk/low return world,” solar investing offers investors an attractive new investment alternative. It is a real asset with real returns.


What’s Next?

The wheels of the clean energy transformation have been riddled with friction. In the United States alone, building and financing clean energy projects is painfully challenging. While CleanCapital’s first step is simplifying and broadening investment in the space, we are developing cutting edge technology that will unhinge barriers to growing it.

The CleanCapital team came together because of these challenges, not in spite of them. With two Iraq war veterans among the co-founders, the CleanCapital mission is an extension of their military service and post-military service. The team has also built cutting edge software, worked in the White House, and led over $1 billion of clean energy financings. We came together to grow CleanCapital into a ground-breaking investment platform that solves problems and transforms the energy sector.