new hire

Houston-based waste-to-energy company grows team

Global Clean Energy has named two new executives to its team. Photo via Getty Images

A Houston-based developer of green technology projects is expanding its management team by partnering with an affiliate of C2 Industrial Group.

Global Clean Energy's joint venture aims to “build, develop and manage sustainable clean energy projects in various forms while reducing negative carbon emissions or footprints” according to a news release.

James Wiseman has been named as chief legal officer and Jacob Sacks has been named as CFO. They join the current management team of George Azimov, president, and Chris Boll, chief revenue officer and director. Together, the goal is to engage professionals from C2 Industrial Group to present and acquire business opportunities that align with the goals and values of Global Clean Energy.

“GCEI's mission and purpose could not be more critical in today's trying times,“ Wiseman says in a news release. “We must build sustainable businesses and industries. We must reduce the carbon footprint of business and industry. We must invest in green supply chains and emerging technologies. We need to think and act with clarity of purpose. That's what we intend to do as we look to acquire and build projects for GCEI that fulfill that mission.”

Wiseman recently served as principal and chief legal officer of C2 Industrial based in Joshua, Texas. He has over 25 years of experience buying, developing and operating real estate in New York and Texas with Cayuga Capital Management LLC. Sacks recently served as principal and CFO of C2 Industrial.

“We are pleased to be working with GCEI to combine and bring scale to companies that both have strong growth prospects and provide material benefits to the environment through their operations, in a prudent and financially responsible manner,” Sacks adds in the release.

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A View From HETI

Tesla's Gigafactory in Austin, Texas. Photo via tesla.com

Electric vehicle and clean energy company Tesla is considering building a new $10.1 billion solar cell manufacturing facility in Fort Bend County, according to documents filed with the Texas Comptroller’s Office.

If approved, the plant, called Project Sun City, would be located on a 3,050-acre site off FM 762 and FM 1994 in Richmond, Texas. Tesla aims to finish construction in 2028, with the plant being operational by early 2029.

The plant will manufacture photovoltaic (PV) solar cells and modules that can convert sunlight into electricity. PV Magazine reports that the facility is "the largest single manufacturing investment Tesla has proposed on paper."

Advisory and consulting firm Kroll submitted the documents to the Texas Comptroller of Public Accounts and noted if an agreement regarding tax incentives isn't reached, the project will exit Texas.

Tesla has requested credits under the Jobs, Energy, Technology, and Innovation (JETI) Act. The incentive program aims to attract large, capital-intensive economic development projects by lowering the property taxes an entity must pay over 10 years if it meets requirements related to job creation and investment. For example, pharmaceutical giant Bristol Myers Squibb Co. recently announced that its forthcoming $2.3 billion Houston-area manufacturing site is a qualified project under the JETI program.

Kroll predicts that the facility would create 9,712 new full-time jobs, over 1,100 construction jobs and billions of dollars in future property tax revenue, the documents show. Additionally, it says the project will spur $1.1 billion in local business expenditures and that Texas would increase its GDP by approximately $107 billion as a result of the project activities.

Tesla opened its $200 million Megafactory in Brookshire, Texas, last year. The company is continuing its goal to deploy 100 gigawatts of solar manufacturing in the U.S before the end of 2028. According to the U.S. Energy Information Administration, 100 gigawatts is equal to about 8 percent of the country's power grid capacity.

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