Experienced Staff

STAFF
The management team of New Energy Capital has a total of more than 50 years of experience in founding and managing renewable energy companies, evaluating energy markets and projects, consulting in all sectors of the energy marketplace, developing domestic and international power generation facilities, financing energy projects, investing in renewable energy and distributed generation technologies, and creating and managing the public policies that currently shape the landscape for the renewable energy and distributed generation marketplace.


Scott Brown, CEO, has more than 20 years of entrepreneurial management experience leading start-up service and energy companies.  After consulting with Bain & Company in the early 1980s, he joined the founding management team of First Solar in 1988, one of the first thin film photovoltaic manufacturers in the U.S.  He left First Solar in 1989 to become President and CEO of Glasstech Solar, Inc, a manufacturer of semiconductor equipment for the photovoltaic industry.  Previously, Mr. Brown had been a consultant to Whitney & Co., a $4 billion private equity company, evaluating investments in renewable energy markets, including a photovoltaic industry component manufacturer and a wind energy finance start-up.  Mr. Brown is a member of the National Advisory Board of the National Renewable Energy Laboratory.  He holds a B.A. from Dartmouth College and a J.D. from Harvard Law School.


Everett Smith III, Chief Financial Officer, was employed by the GE Capital Structured Finance Group ("SFG"), the business unit responsible for GE's energy investment activities, for 15 years in a variety of senior executive positions as a Managing Director and Executive Vice President. Among his roles, Mr. Smith led business development for SFG, including asset and business acquisitions as well as the development of new business platforms and channels to market. Previously, he was head of SFG-International, with responsibility for the group's investment activities outside North America, managing a team of 80 professionals around the world, building a $1.5 billion financing and private equity portfolio. He was involved in the establishment of the $1.2 billion AIG-GE Capital Latin America Infrastructure Fund and was a member of the Fund's Investment Committee for 8 years during which time the Fund made numerous energy investments. Previously, Mr. Smith was based in Singapore where he led the closing of multiple project financed energy investments including Indonesia's first independent power plant as well as investments in China, India and the Philippines. Mr. Smith joined GE Capital in 1989 with investment responsibility for U.S. utility and utility affiliated energy companies, providing debt and private equity capital for corporate and project finance transactions. During this time he co-developed and financed a number of cogeneration facilities including a development joint-venture with Pacific Gas & Electric and Bechtel which led to GE's largest private equity investments in power at that time.

Prior to joining GE Capital, Mr. Smith spent over a decade at Chemical Bank as a Vice President in Energy & Minerals Group focused on utility corporate and project finance and financings for the independent oil and gas industry. Following GE, Mr. Smith was a Partner at Coller Capital, a private equity secondary investment firm.


Pinaki Bhattacharyya, Director, has extensive experience in the energy industry including project finance, restructuring, sales, design, manufacturing/sourcing, project execution and asset management. Previously, Mr. Bhattacharyya held positions at ABB, ALSTOM, Bank of Scotland and InterGen in Asia, Europe and America. At InterGen, formerly a Shell-Bechtel joint venture, he focused on asset management, commercial execution, restructuring and divestment of a 3,300 megawatt portfolio of generating projects. At ABB and ALSTOM, his focus was on power project management, contractual negotiations, global sourcing, post-merger integration, and e-business. At the Bank of Scotland Mr. Bhattacharyya was involved in energy project finance and portfolio management. He holds a B.E in mechanical engineering from Delhi College of Engineering, an MBA from Cornell University and a Dean's Certificate in financial engineering from Cornell. He was the founder and president of the Energy Club and South Asian Entrepreneurship & Business Club at Cornell. During his engineering and business education he developed business plans for a solar startup and an award winning green fuel project.


Adam Bernstein, Director, brings significant industry experience to his responsibilities for financial structuring, analysis, and investment evaluation of opportunities in wind, solar, and bio-fuels. Most recently, Adam was a Senior Financial Analyst at FPL Energy, the largest wind energy developer and operator in the U.S. At FPL, he completed valuation and project finance analysis on over 2,000 megawatts of proposed greenfield and M&A wind assets, specializing in merchant power markets. Before FPL, Adam spent 4 years with J.P. Morgan Securities researching and executing equity, fixed income, and derivative transactions. Adam began his career at GE Capital Commercial Finance analyzing asset-based loans and securitizations. Adam received his MBA from the Tuck School of Business at Dartmouth where he graduated as a Tuck Scholar and interned on Goldman Sachs’ energy and commodities trading desk. He completed his BBA at Emory University (Finance, History). Adam is a CFA charterholder and member of the New York Society of Security Analysts.


Christopher Newton, Corporate Controller, joined New Energy Capital in July 2006. Before joining NEC, Mr. Newton was Vice President of Finance and Administration for Tally Systems Corporation. While at Tally he contributed to a successful equity transaction, selling the company to Novell in 2005. Mr. Newton has also been with two start-up companies in finance and administration which became publicly traded companies with initial public offerings: Cytyc Corporation in 1996 and NaviSite, Inc. in 1999. Prior to 1996, Mr. Newton held various finance positions at Johnson & Johnson during his 14 year tenure. He began his career with KPMG in New York City where he obtained his CPA. Mr. Newton obtained his MBA from Rutgers and a BA from the College of the Holy Cross.


Jim McNamara, Chief Operations Officer, joined NEC in 2007 to manage the NEC portfolio projects. He is responsible for project monitoring, performance optimization, and value enhancement for all NEC operating projects.

Jim began his career in 1989 as a Design Engineer consulting in the field of biomechanical design at Dartmouth College where he earned his Master's Degree in mechanical engineering. In 1994, he entered the energy field as a project manager for Atlantic Orient Corporation, a manufacturer of wind turbines and developer of projects for remote power applications.

Jim first joined Northern Power Systems in 1997 as a project manager in the Village Power group, working on projects that included solar-powered runway lights for the ice runways at McMurdo Station, hybrid power systems for Nuclear Test Ban Treaty monitoring systems in Antarctica and a complete power generation and 4,160 V distribution system for the Island of Monhegan, Maine.

In 1999, Jim helped to create the Distributed Generation Group at Northern, which leveraged the company's existing EPC capabilities to develop turnkey cogeneration and critical load support systems for grid-connected commercial and industrial customers. In his most recent role as Director, Cogeneration Business Development, Jim was responsible for identifying key market segments, qualifying new opportunities, creating repeat business from existing customers and developing strategic relationships with vendors, partners and customers to create vertical channels and partnering opportunities.

Jim has worked on projects ranging from 30 kW to 15 MW including microturbines, fuel cells, reciprocating engine gensets and combustion turbines and developed strategic relationships with companies such as Equity Office, Coca Cola, Honeywell and Guardian Industries

Jim has a BE from Vanderbilt University and a Master's Degree from Dartmouth College.