EnCap Investments has plans to pursue opportunities created by the global transition to a lower carbon energy system, including power generation via solar, wind and natural gas opportunities enhanced by the implementation of low-cost, proven, battery storage systems.
“Fossil fuels will continue to play an essential role in meeting global energy demand in the coming decades. However, renewable energy sources are poised for rapid growth. In fact, renewables are projected to be the fastest growing source of electricity generation in North America,” said Doug Swanson, EnCap managing partner. “Similar to our move into the midstream space 10 years ago, we believe the market dynamics in renewables will present very exciting investment opportunities for our firm.”
EnCap has hired a team of four industry experts to lead its Energy Transition efforts. The team includes: Jim Hughes, Tim Rebhorn, Shawn Cumberland and Kellie Metcalf. These four industry veterans have more than 110 years of combined experience in the power and renewable sectors, including more than 80 years of executive-level experience. The members of EnCap’s Energy Transition team previously worked together as colleagues at one or more firms and bring complementary skill sets that include a combination of experience in project origination and development, M&A and finance, power trading and marketing, operations and administration.
Jason DeLorenzo, EnCap managing partner, said “When we decided to begin exploring renewables, we knew we needed to bring on a world-class team to lead this segment of our business — a team with deep experience and contacts, outstanding skills and a highly successful track record.”
