at the helm

Greentown Labs names interim leader as hunt for CEO continues

The newly named interim Greentown Labs CEO is based in Boston. Photo via Greentown

Greentown Labs, after announcing its CEO is stepping down at the end of the month, has named the climatetech incubator's interim leader.

Kevin Dutt, a recently named member of Greentown's board of directors based in the Boston area, has been appointed interim CEO. The decision, made by the board, is effective July 8. Dutt is a management consultant at Sustainable Edge Consulting, as well as an environmental entrepreneur, executive, and adviser with 25 years of experience.

"We continue to believe deeply in Greentown and are proud to have one of our board members step into this role before our next long-term CEO is identified," the nonprofit writes in the announcement. "We are confident Kevin is best suited to lead Greentown through this time of transition—his experience in climate and sustainability, philanthropy, and venture will play a key role in helping seamlessly guide Greentown in the coming months."

Dutt will lead the organization, which has dual locations in Houston and Somerville, Massachusetts, following outgoing CEO and President Kevin Knobloch. Knobloch announced in May that he will be stepping down after less than a year in the position. He was named CEO last September, previously serving as chief of staff of the United States Department of Energy in President Barack Obama’s second term.

The news of Knobloch's departure came just over a month after the organization announced that it was eliminating 30 percent of its staff, which affected 12 roles in Boston and six in Houston.

Dutt is the fourth person to take the help of Greentown since Emily Reichert, who held the position from 2013 to 2022, stepped down. Prior to Knobloch's appointment, Greentown's Co-Founder Jason Hanna and former CFO Kevin T. Taylor, who each served in an interim capacity.

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A View From HETI

SunPower is expanding its solar and VPP business in Texas. Photo via Unsplash

Utah-based solar technology and battery storage company SunPower has announced its expansion into Texas by acquiring “prime project assets” from Houston installer Green Light Solar.

As part of the deal, Green Light Solar CEO James Garrett will lead SunPower’s U.S. installation group. Garrett is based in the Houston area, according to LinkedIn.

Green Light Solar focuses on residential and commercial solar installations, battery backups and whole-home generators throughout Texas, Louisiana, Oklahoma and Colorado. As of press time, SunPower had not disclosed which specific projects or assets were included in the acquisition.

In addition to the Green Light acquisition, SunPower also announced its second strategic partnership with Fort Worth-based SOLRITE Energy, which provides solar and battery project financing and virtual power plant capabilities.

Through the partnership, SunPower plans to expand its residential solar and battery storage business and grow its virtual power plant (VPP) network in Texas.

A virtual power plant is a network of connected energy sources that can supply electricity to the grid when demand is high. The network draws on energy stored in individual residential and commercial battery systems. VPPs can also help participating homeowners generate additional revenue by selling their stored power.

“SOLRITE not only sources projects to us but also provides project funding for innovative systems with large batteries connected to a VPP, enabling power sales into the open market,” T. J. Rodgers, SunPower CEO, said in a news release. “That VPP capability provides an extra source of income that SOLRITE shares with homeowners and EPCs, making SOLRITE an attractive partner.”

SunPower will bring its sales, installation and lifetime warranty support to the partnership, while SOLRITE will provide its virtual power plant platform and solar financing capabilities, according to the release.

"Building our VPP business is a key part of SunPower’s growth strategy going forward,” Kapil Rai, EVP of Direct at SunPower, added in the release. “Our partnership with SOLRITE gives us a path to bring together customer acquisition, solar, storage deployment, and financing to develop this business in Texas and beyond.”

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