Noria Energy Appoints Ron Stimmel as Chief Executive Officer to Lead the Company’s Next Phase of Strategic Growth and Innovation
July 09 2024 - 3:02PM
Noria Energy, a leading floating solar PV (“FPV”) developer, is
pleased to announce the appointment of Ron Stimmel as the company’s
new Chief Executive Officer. With two decades of experience in the
clean energy sector, Stimmel will spearhead Noria’s growth and
strategic partnerships, and hone Noria’s operations.
Stimmel was previously an Operating Partner at a $3B
climate-focused growth equity fund where he advised the fund and
portfolio companies on corporate strategy, product development,
commercial partnerships, and government affairs. His previous
experience includes 10 years at Amazon where he built most of the
company’s renewable energy programs across global operations – now
the largest in the world. At Amazon, Stimmel also started two
internal climate tech startups and the Energy vertical within
Amazon’s Corporate Business Development team, driving partnerships
with Fortune 100 companies toward mutual climate goals.
“Noria is at the forefront of FPV’s vast opportunity – we are
experienced, differentiated, and full of talent – and I am very
excited for what we can accomplish together for our customers,”
said Stimmel.
Greenbacker Development Opportunities Fund I, LP (“Greenbacker”)
closed a growth equity round with Noria in 2021. Noria’s mission is
to develop resilient, renewable energy systems that generate
long-term value for businesses and communities. By partnering with
land-constrained customers, Noria offers sustainable energy
solutions that are designed for the long term, including deep
expertise in FPV applications and technologies.
“We are thrilled to welcome Ron to Noria,” said Quinn Pasloske,
Principal at Greenbacker Development Opportunities, and Noria board
member. “Ron's strategic vision and expertise will be invaluable as
we continue to grow and evolve in the floating solar market. We are
confident that under his leadership, Noria is well positioned to
grow and drive innovative advancements.”
About Noria Energy
Founded in 2018 and headquartered in Sausalito, CA, Noria Energy
is a pioneer and leader in the rapidly growing FPV industry in both
project development and technology R&D. Noria develops FPV and
other solar projects to serve a variety of customer segments,
including hydropower, water utility & water treatment,
agriculture, community solar programs, mining, and other commercial
and industrial customers to help accelerate the transition to clean
energy. Noria is passionate about renewable energy technologies and
their positive impact on the environment. For more information,
visit https://noriaenergy.com.
Greenbacker Development Opportunities Fund I, LP
(“Greenbacker”)
Greenbacker Development Opportunities is a middle-market private
equity strategy that invests in growing sustainable infrastructure
platforms serving high-value markets across the US. The strategy is
managed by Greenbacker Capital Management, LLC. For more
information, please visit
https://greenbackercapital.com/greenbacker-development-opportunities.
Media Contact
Connie ZhangMC2connie@missionc2.com