Quantum Energy Partners Fund VII has launched a new renewables and energy storage company, ConnectGen LLC with headquarters in Houston, Texas. Quantum and senior members of the ConnectGen management team have collectively made significant capital commitments to develop renewable energy and energy storage projects across North America.
In connection with its formation, ConnectGen acquired the non-transmission development assets of Clean Line Energy Partners LLC, including its interests in a 600-MW wind project and a series of utility-scale wind and battery storage development projects. Clean Line will retain its existing transmission assets.
ConnectGen will be led by renewable energy veterans Jayshree Desai as President and David Berry as CFO and Head of Strategy. Prior to forming ConnectGen, Desai was COO of Clean Line, and previously was CFO of Horizon, where she led the company through various strategic transactions including an IPO. Prior to forming ConnectGen, Berry was CFO and Head of Strategy for Clean Line and was previously Director of Finance for Horizon, where he led over $2 billion in project finance transactions.
“The entire ConnectGen team is excited to be partnering with Quantum as we continue executing on our strategy of developing a portfolio of world-class clean energy projects,” said Desai. “We believe that to be successful in this business, you need creative and committed partners who understand the unique complexities of the renewable energy industry and who can add value throughout the life of your company.”
In addition to Desai and Berry, ConnectGen’s team includes seventeen professionals with deep experience in project management, commercialization, permitting, transmission and market analysis.
Quantum Energy Partners recently welcomed Gabriel Alonso to the firm as Executive in Residence. Alonso previously served as CEO of EDP Renewables North America (EDPR NA), a subsidiary of Energias de Portugal, S.A. will serve as Executive Chairman of the ConnectGen Board of Directors.