Soluna Appoints Phil Patman Jr. from Ameresco as Chief Financial Officer
August 03 2022 - 8:00AM
via NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the
“Company”), (NASDAQ: SLNH), the parent company of Soluna Computing,
Inc. (“SCI”), a developer of green data centers for cryptocurrency
mining and other intensive computing, has announced the appointment
of Phil Patman Jr. as Chief Financial Officer (CFO). As CFO,
Patman will spearhead finance and accounting with a specific focus
on capital markets and acquisitions for Soluna and its growing
pipeline of green data centers co-located with renewable power
plants.
Patman brings more than 25 years of experience in
finance operations and capital formation for companies engaged in
global energy markets. Most recently, Patman served as Vice
President and Head of Renewable Fuels M&A and Strategy at
Ameresco.
“We are thrilled to bring Phil on as we further
build out our leadership team to support our rapid growth,” said
Michael Toporek, CEO of Soluna Holdings. “Phil’s decades of
experience in global energy markets will accelerate the build out
of our robust pipeline as we offer an immediately deployable
solution to renewable energy’s biggest problem, wasted
energy.”
Patman’s hire follows Soluna’s recent $35
million funding deal with Spring Lane Capital and an
engagement with Truist Securities to assist with upcoming
green data center project financing.John Belizaire, CEO of Soluna
Computing, commented, “With Phil’s experience across a broad
spectrum of disciplines, I’m excited to partner with him to
continue our momentum to raise financing for our growing pipeline.”
Patman has held multiple leadership roles in
energy investment and financing, including with Ameresco, Inc.,
Huron Consulting Group, Inc., VAALCO Energy, Inc., Thailand's PTT
Exploration and Production Public Company, Limited, AES
Corporation, Franklin Templeton Investments, Globeleq Limited,
Marathon Oil Corporation and Enron Corp. He holds a law degree from
the University of Houston Law Center and he earned a bachelor’s
degree from the University of Texas at Austin through its Plan II
Honors Program.
Commenting on his appointment, Patman said, “I’m
excited to join Soluna’s team in helping to make renewable
electricity generation more efficient, and I share its principles
of high-quality project execution and capital discipline.”
Patman begins on August 16th and will report to
Michael Toporek, CEO of Soluna Holdings, replacing Jessica Thomas
as Chief Financial Officer. Thomas will remain an employee of the
company during the transition period.
“Jessica and I worked closely to build out the
company and transition its focus from a legacy instruments business
to a pure-play renewable computing™ company. The entire Soluna team
including our board is grateful to Jessica for her commitment and
hard work at MTI and Soluna,” said Michael Toporek, CEO of Soluna
Holdings.
About Soluna Holdings, Inc.Soluna Holdings,
Inc. (Nasdaq: SLNH) is the leading developer of green data centers
that convert excess renewable energy into global computing
resources. Soluna builds modular, scalable data centers for
computing intensive, batchable applications such as cryptocurrency
mining, AI and machine learning. Soluna provides a cost-effective
alternative to battery storage or transmission lines. Up to 30% of
the power of renewable energy projects can go to waste. Soluna’s
data centers enable clean electricity asset owners to ‘Sell. Every.
Megawatt.’For more information about Soluna, please
visit www.solunacomputing.com or follow us on LinkedIn
at linkedin.com/solunaholdings and
Twitter @SolunaHoldings.
Contact InformationSam SovaVP,
MarketingSoluna Computingsam@soluna.io414.699.3667
Media Inquiries: Melissa
BaldwinTigercommmelissa@tigercomm.us727.743.3778
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