Stephen H. Clevett

Co-founder of fleet electrification company that develops and provides fully integrated electric vehicle (EV) financing, maintenance, charging and energy management solutions. The Company provides its clients with EVs, chargers, charge management software and EPC services. Additionally, the Company is fully capable of incorporating solar PV, stationary battery storage, microgrid, and/or on-site generation to meet the client’s sustainability or resiliency goals. Volta builds upon the deep market experience of Volta’s management team who have, since 2018, successfully developed early-mover fleet electrification projects, including forming and managing Duke Energy’s fleet electrification business. Company drives its business via alliances with industry-leading OEMs, utilities, and specialists coupled with strategic M&A.

• Leads financing strategy, corporate budget, and development plan;
• Leads all financial analysis for both projects and corporate; and
• Co-leads $5 mill Series A corporate financing

Member of core executive team which established Duke’s fleet EV business, to include development of business plan, go-to-market strategy, hiring internal and external resources, and including budgeting, corporate and project finance. Business was initiated in 2019 and the company was stood up in 4Q 2020

• Led development of financing strategy, corporate budget and development plan;
• Developed documentation and had lead role in the negotiation of a JV with major Japanese trading company wishing to invest in the company
• Led/managed all financial analysis and company financial projections for the company business plan
• Directed key project development activities and alliance development with key OEMs and other stakeholders
• Managed the co-development of $100 mill project comprised of 320 school buses and electric infrastructure, as part of a 1,350-bus fleet electrification program;
• Developed the plan of finance and managed key aspects of the development of a $20 mill transit bus project for mid-market transit agency as the first part in a 300+ fleet electrification
• Won a $4 mill Class 8 truck electrification project for mid-market logistics company, as first part of a 100+ class 8 truck fleet electrification program.

Founder of dividend-oriented group of companies formed to acquire, own and operate renewable as well as conventional energy infrastructure assets

• Sucessfully acquired over 225MW of electric power generation, both renewable and thermal, in the US, Mexico and Caribbean
• Completed $500k friends & family raise
• In 2018, monetized two solar PV landfill projects in NY state it had purchased in 2016 (Helios managed the completion of development – including material re-design work – construction, and commissioning), selling to NextEra Energy.

Solar PV independent power producer formed in 2010, funded by retail investors (3 rounds)

• Served as executive consultant in 4Q 2011 to turn around business after PPA for flagship 20MW project had been cancelled and founders had failed to develop follow-on projects. Joined as CEO in January 2012. Brought on CFO and GC later that year;
• Successfully executed turnaround strategy for GSE that restored fiscal stability within one year and turned company net cash flow positive within three years, acquiring asset base of over $70 mill comprised of 12 power plants during 2012-2014 period and placing over $90 mill of permanent senior debt and tax equity;
• Managed all aspects of business to include asset acquisition, M&A, project finance, investor relations, tax equity financing, budgeting and corporate development; and
• Company was cited in report by GSE's independent auditor, as demonstrating “outstanding performance in several key indicators of financial performance” including appraised stock value increase, increase in assets, increase in EBITDA, increase in Net Income and Return on Assets. Same report quoted GSE's performance in respect of shareholder value creation during Mr. Clevett's tenure as highest amongst all other organizations in peer group.

Global provider of large and small-scale solar power systems to commercial, governmental and residential customers throughout North America and Europe. Company was taken public via a reverse merger in 2008.

• Responsibilities included executive management of commercial business unit (approx. 50% of FY 2008-2010 revenues averaging approx. 40 mill/yr.), to include management of development and construction of large-scale (>1MW) commercial PV solar projects;
• Re-engineered virtually all business processes related to both business development and execution. Established integrated project finance/PPA solution and managed development and negotiation of all project and project finance documentation and establishment of strategic alliances to enhance growth; and
• Promoted to COO in 2010. Managed investor relations function, including key Wall St. relationships, resulting in equity analyst coverage initiation in 3Q 2010.

VC funded $20 mill/yr. energy services company (ESCO), which provided intelligent, information and technology-based solutions to help clients optimize energy use, purchase and infrastructure. Operations in both Canada and U.S., comprised of integrated energy services to both commercial and Fortune 100 industrials, as well as building controls to commercial customers in greater Toronto area.

• Responsibilities encompassed executive management of all operations and accounting functions associated with group of four companies;
• Brought in investors to purchase company from its utility owner and led turnaround, including bringing in new management team;
• Successfully rebuilt revenue backlog to beyond pre-acquisition levels in under 21 months; and
• Restructured all underperforming assets to achieve operating profitability.