SAN FRANCISCO--(BUSINESS WIRE)--TeraWatt Infrastructure, a company founded to develop, own, and finance electric vehicle charging infrastructure in the U.S., today announced the appointment of two senior executives: West Owens as senior vice president of finance and structuring, and David Schlosberg as vice president of solutions.
“As a reliable, credible, long term partner for electric fleet operators and the companies that support them, TeraWatt is building the team most qualified to fill the multi-trillion dollar investment gap for commercial EV charging infrastructure,” said Neha Palmer, CEO of TeraWatt. “The combined experience of these two accomplished executives and their shared commitment to this breakthrough moment in electrification will be instrumental to our success in building out the permanent transportation infrastructure of tomorrow.”
A finance executive for more than 17 years, West Owens specializes in opening up new asset classes to scalable capital market financing, including solar, distributed energy resources (DER) and virtual power plants (VPP). In his new role at TeraWatt, Owens will be responsible for setting the capital strategy and execution for TeraWatt, including the creation of deal structures, nurturing relationships with and managing investors, and the buildout of a financing platform. Owens has advised multiple early stage energy companies, including OhmConnect, where he structured the first residential VPP financing across thousands of homes. As vice president of structured finance at SolarCity, a company acquired by Tesla, West raised more than $2 billion in diversified capital and securitized the first solar service agreements and loans in the asset-backed security market. He also served as CFO and COO at Advanced Microgrid Solutions (AMS), where he financed the first large scale portfolio of energy storage DERs worth more than $200 million.
“The transition to electrified transport is a defining moment in history, and I’m thrilled to be at the forefront of this burgeoning asset class,” said Owens. “With Neha Palmer leading along with the well regarded team at Keyframe Capital and Cyrus Capital, there is no other player on the market right now that is as well positioned to be the long-term owner and operator of charging assets as TeraWatt Infrastructure.”
Leveraging his deep experience in project development, energy market regulation, networked electric vehicle charging and distributed energy resources, David Schlosberg will spearhead the definition and development of custom charging energy solutions for TeraWatt’s customers. Previously, Schlosberg served as the head of eMobility energy services for Enel X North America, where he led the business line's participation in energy and environmental markets, load management programs for electric utilities, smart charging partnerships with electric vehicle automakers, and strategy for vehicle-to-grid integration technology. Prior to that, he was a principal energy market analyst within Google’s Access & Energy division and held origination, project development and regulatory affairs roles at BrightSource Energy, a provider of large scale solar thermal power plants.
“Electrifying transportation is a monumental challenge and essential societal task that is only achievable with the right cooperation between the electric utilities, regulators and transportation providers,” said Schlosberg. “TeraWatt is uniquely positioned to orchestrate and facilitate this massive economic transition, and I am commiting my expertise to ensure a seamless transition to electrification for TeraWatt’s customers.”
ABOUT TERAWATT INFRASTRUCTURE
TeraWatt Infrastructure is building the permanent EV charging infrastructure of tomorrow through a robust combination of property assets, financing vehicles and deep energy expertise. The company designs, operates and owns on-site distributed energy systems that take the cost and complexity out of EV charging infrastructure, while providing market protection and upside opportunities through capital backing and ownership. With a business model based on well-established economics of renewable energy project development and a proven real estate strategy, Terawatt was founded, in the absence of anything like it, to be the nation’s reliable, long-term partner in the inevitable transition to all-electric transportation. For more information: www.terawattinfrastructure.com
