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People - NOVEMBER 2, 2021

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Adam Nygaard joins Harbert Infrastructure as a vice president, investments

by Kali Persall

Harbert Infrastructure has appointed Adam Nygaard as a vice president, investments.

Nygaard joins Harbert Infrastructure from Duke Energy, where he spent 12 years, holding senior positions in project development and origination specializing in renewable power generation and, specifically, battery energy storage systems.

“We are delighted to welcome Adam to the Harbert Infrastructure investment team as we continue to push into opportunities created by the energy transition,” said Claude Estes, managing director, co-head of investments at Harbert Infrastructure. “Adam’s unique skill set, which combines a deep knowledge of energy storage technologies with a commercial underwriting perspective is immediately accretive to our group. Adam will focus on new battery storage investments as well as development opportunities within our existing portfolio.”

Harbert Management Corp. (HMC), an alternative asset management firm with $7.9 billion in regulatory assets

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