Log In
Loading...

Generate
Capital
Renewable
Energy Food Water Materials World

The Capital Partner for
the Resource Revolution

Decades of Experience. Billions of Sustainable infrastructure.

After decades of collective experience financing billions of dollars of sustainable infrastructure, Generate Capital has created the Infrastructure-as-a-Service™ model.

Unlike traditional capital sources, Generate Capital has the people, systems, and flexibility that make us the leading capital partner for technology manufacturers, project developers, and system integrators driving the Resource Revolution.

Building and maintaining
your trust starts with our Values

Integrity

We prioritize honesty and integrity above everything.

Collaboration

We create trust through transparency; we share in our collective successes and failures; and we assist each other in achieving personal and professional growth.

Excellence

We relentlessly pursue a high standard for excellence, constantly working to be better than we have been.

Intellectual Honesty

We are independent thinkers and encourage a diversity of viewpoints in search of genuine truths.

Accountability

We take accountability for our own actions and decisions, and we strive to learn from each of our inevitable mistakes.

 A true capital partner for Sustainable Infrastructure

Banks and traditional capital sources are set up to support the big, dirty, monolithic infrastructure of the past. We believe in the sustainable, distributed, flexible infrastructure of the present, so we’re financing it — and the future — with our unique, standardized project equity and debt facilities.

We have a resource problem opportunity.

It’s not about invention; it’s about infrastructure

Productivity—doing more with less—has propelled economic growth for centuries—through the Agricultural, Industrial, and Digital Revolutions. Today, most of our critical resources are constrained. As we add at least three billion people to the consuming middle classes in the next 30 years, our insatiable demand for resources will only exacerbate the problem opportunity.

We don’t need to reinvent the world; we need to rebuild it. While some focus on finding new and revolutionary solutions, we rebuild resource systems with the high-impact, economic, and proven solutions we have today for our infrastructure.

Scott Jacobs

CEO and Co-Founder

Scott Jacobs is the CEO and Co-Founder of Generate Capital. Scott’s long-standing emphasis on innovative approaches to thematic investing focus broadly on the “resource revolution.” Prior to Generate, Scott served as a Managing Director and Co-Founder of EFW Partners, an investment firm focused on the world’s critical resources: energy, food, and water. In 2007, Scott co-founded McKinsey & Company’s global CleanTech practice, advising companies, institutional investors, NGOs and governments around the world. Prior to that, Scott spent over a decade in technology and venture capital, helping start and grow a number of companies, including PolyServe (acquired by HP) and Alliance Data Systems (acquired by FiServ). Scott earned his MBA with high distinction from Harvard Business School, where he was named a George F. Baker Scholar, and his BA cum laude from Dartmouth College. Scott also serves on the Board of Rare, a leading global conservation non-profit.

Jigar Shah

President and Co-Founder

Jigar Shah is the President and Co-Founder of Generate Capital. Jigar was the founder and CEO of SunEdison (NASDAQ: SUNE), where he pioneered “no money down solar” and unlocked a multi-billion-dollar solar market, creating the largest solar services company worldwide. After SunEdison, Jigar served as the founding CEO of the Carbon War Room, a global non-profit founded by Sir Richard Branson and Virgin Unite to help entrepreneurs address climate change. Jigar sees business model innovation as a leveraged tool for driving the next productivity revolution – resource efficiency. He is committed to helping entrepreneurs and large companies alike implement resource efficiency solutions using “no money down” project finance models. In 2013, Jigar authored Creating Climate Wealth: Unlocking the Impact Economy. He holds an MBA from The University of Maryland and BS in Mechanical Engineering from the University of Illinois, Champaign-Urbana. He sits on the boards of sPower and the Rocky Mountain Institute.

Matan Friedman

CIO and Co-Founder

Matan Friedman is the Chief Investment Officer and Co-Founder of Generate Capital. Matan has also served as a Managing Director and Co-Founder of Resource Efficiency Finance. Resource Efficiency Finance is an investment company that provides financing for equipment and infrastructure projects which enable the more efficient use of natural resources. Generate Capital and Resource Efficiency Finance reflect Matan’s focus on investing in assets with a resource productivity benefit and long time-horizons. Before focusing on distributed infrastructure project finance, Matan invested in innovation across cleantech sectors with venture capital roles at Bessemer Venture Partners and Israel Cleantech Ventures. Earlier in his career, Matan was a consultant with McKinsey & Company and an officer with the Israel Defense Forces. Matan holds an MBA from Harvard Business School, and a BSc in Industrial Engineering from Tel Aviv University.

Sarie Lovell

VP, Asset Mgmt. & Operations

Sarie Lovell is Vice President of Asset Management and Operations at Generate Capital. She has ten years of experience in renewable energy asset management, with prior deep experience in finance and data analytics. Before joining Generate, Sarie led the asset management function at Longroad Energy, and held leadership roles in asset management at SunEdison and at First Wind Energy, with portfolio sizes ranging from 1.3 –2.6 GW and over $2B in assets under management. Over the course of her career in renewables, Sarie has played a key role in many renewable energy firsts, including the first wind energy project in Hawaii, the first utility scale wind project to be coupled with utility scale battery storage, and the first wind project to be built on federal lands. Sarie holds a bachelor’s degree in Interdisciplinary Studies with an emphasis on economics and management information systems from UC Berkeley.

Jeff Ross

Managing Director

Edward Bossange

Principal, Capital Markets

Ed is a Principal and Head of Capital Markets at Generate Capital. He brings more than 10 years of experience in renewable energy and project finance. Prior to Generate, he was a Vice President of Origination and Structuring at Morgan Stanley, where he sat in the North America Power and Gas business on the Commodities trading floor, investing the firm’s balance sheet into renewable energy assets. He spent more than six years at Morgan Stanley primarily focused on originating, acquiring, developing, and financing solar PV projects across residential, C&I, and small utility scale, which included playing an integral role in over $200 million of the first community solar portfolios institutionally financed in the U.S. Ed began his career in renewable energy as a design engineer for both solar PV and solar hot water system integration in New York City. Ed holds an MS in Mechanical Engineering‐Energy Systems from Columbia University, and a BS in Mathematics from Hamilton College.

Kristine Janhunen

Head of Talent

Kristine Janhunen serves as Head of Talent at Generate Capital. Prior to Generate, Kristine consulted globally for private equity and venture firms on many talent and organization-building matters. She has also served as the Chief Operating Officer of Larcen Consulting Group, where she grew and managed the operations group that was focused on delivering human capital services to a portfolio of private-equity backed companies as well as large corporate organizations. While with Larcen, she also led the executive search strategy and execution for the portfolio of investments managed by Gryphon Investors, a San Francisco-based middle market private equity firm. Her corporate training comes from her time as the Chief of Staff for British Petroleum’s Wind and Solar business, as a Director of large commercial solar projects for British Petroleum, and as a leader at NPower (a Microsoft-backed IT Consulting startup). Kristine was a Sloan Fellow at Stanford University’s Graduate School of Business where she received her M.S. in Management. She also has received an M.Ed. in Psychology from the University of North Carolina, and a B.A. in Psychology and International Studies from Taylor University.

Darryl Carbonaro

Head of Legal

Darryl Carbonaro is the Head of Legal at Generate Capital. Darryl brings more than 20 years’ experience in tax-equity and debt financing of all types of energy assets, including hydroelectric facilities along the Danube, utility scale wind projects in California and residential solar installations around the country. A former chemical engineer focused on downstream waste treatment technologies, Darryl began his legal career at White & Case LLP in New York, then moved to Dechert LLP in San Francisco to focus on structured finance and securitization. He served as an assistant general counsel at Bank of America for 6 years, where he helped launch the Bank’s renewable energy finance and energy efficiency finance groups. Prior to joining Generate, Darryl was a Managing Director and Deputy General Counsel for a technology-enabled consumer finance company focused on solar, energy efficiency and home improvements. Darryl earned a JD from Pace Law School in New York and a BS in Chemical Engineering from Drexel University in Philadelphia.

Jack Stark

CFO

Jack Stark is the Chief Financial Officer at Generate Capital. For the past three decades, Jack has held senior management roles in both finance and operations in the energy and financial services space with both private and publicly traded companies.  Previously, Jack served as Chief Financial Officer (CFO) for Imergy Energy Systems, an early-stage energy storage company using vanadium-redux technology for commercial and utility-scale energy storage. Prior to Imergy, Jack was CFO of BrightSource Energy, a developer and supplier of utility-scale solar thermal technology.  Prior to BrightSource, Jack was the CFO at Silicon Valley Bank.  Jack also serves as the lead director for TC Pipelines, LP (TCP:NYSE), a publicly-traded MLP.  Jack graduated with his MBA from the University of California, Berkeley.  Jack also earned an M.A. and B.A. in Economics from the University of California, Santa Barbara.

Scott Gosselink

Principal, Head of Underwriting

Scott Gosselink serves as a Principal and Head of Underwriting at Generate Capital. Scott brings more than 10 years of experience working in various roles and sectors in the energy industry. Prior to Generate Capital, he spent two years at SunEdison structuring and raising $1 billion of third-party financing for utility scale projects, including the 2015 Infrastructure Journal and Project Finance Deal of the Year. Prior to SunEdison, he spent three years at EDF-Renewable Energy where he marketed, negotiated, and executed on 500MW of acquisitions of renewable energy assets and companies. Scott started his career as a power analyst at the Lower Colorado River Authority. Scott received a Bachelor of Science (magna cum laude) in Commerce from Washington and Lee University and an MBA from the Yale School of Management.

Scott Jacobs

CEO and Co-Founder

Scott Jacobs is the CEO and Co-Founder of Generate Capital. Scott’s long-standing emphasis on innovative approaches to thematic investing focus broadly on the “resource revolution.” Prior to Generate, Scott served as a Managing Director and Co-Founder of EFW Partners, an investment firm focused on the world’s critical resources: energy, food, and water. In 2007, Scott co-founded McKinsey & Company’s global CleanTech practice, advising companies, institutional investors, NGOs and governments around the world. Prior to that, Scott spent over a decade in technology and venture capital, helping start and grow a number of companies, including PolyServe (acquired by HP) and Alliance Data Systems (acquired by FiServ). Scott earned his MBA with high distinction from Harvard Business School, where he was named a George F. Baker Scholar, and his BA cum laude from Dartmouth College. Scott also serves on the Board of Rare, a leading global conservation non-profit.

Jigar Shah

President and Co-Founder

Jigar Shah is the President and Co-Founder of Generate Capital. Jigar was the founder and CEO of SunEdison (NASDAQ: SUNE), where he pioneered “no money down solar” and unlocked a multi-billion-dollar solar market, creating the largest solar services company worldwide. After SunEdison, Jigar served as the founding CEO of the Carbon War Room, a global non-profit founded by Sir Richard Branson and Virgin Unite to help entrepreneurs address climate change. Jigar sees business model innovation as a leveraged tool for driving the next productivity revolution – resource efficiency. He is committed to helping entrepreneurs and large companies alike implement resource efficiency solutions using “no money down” project finance models. In 2013, Jigar authored Creating Climate Wealth: Unlocking the Impact Economy. He holds an MBA from The University of Maryland and BS in Mechanical Engineering from the University of Illinois, Champaign-Urbana. He sits on the boards of sPower and the Rocky Mountain Institute.

Matan Friedman

CIO and Co-Founder

Matan Friedman is the Chief Investment Officer and Co-Founder of Generate Capital. Matan has also served as a Managing Director and Co-Founder of Resource Efficiency Finance. Resource Efficiency Finance is an investment company that provides financing for equipment and infrastructure projects which enable the more efficient use of natural resources. Generate Capital and Resource Efficiency Finance reflect Matan’s focus on investing in assets with a resource productivity benefit and long time-horizons. Before focusing on distributed infrastructure project finance, Matan invested in innovation across cleantech sectors with venture capital roles at Bessemer Venture Partners and Israel Cleantech Ventures. Earlier in his career, Matan was a consultant with McKinsey & Company and an officer with the Israel Defense Forces. Matan holds an MBA from Harvard Business School, and a BSc in Industrial Engineering from Tel Aviv University.

Richard Kauffman

Chair of the Board

Richard is the Independent Chairman of the Board of Generate Capital and Chairman of the New York State Energy Research and Development Authority (NYSERDA). Beginning in January 2013, Richard served in the Executive Chamber of Governor Cuomo as New York State’s first “Energy Czar” and oversaw the State’s energy agencies. He stepped down from that role in January 2019 while continuing as Chairman of NYSERDA and, as such, he remains energy advisor to Governor Cuomo and his Administration. Previously, he was Chief Executive Officer of Good Energies, Inc. a leading investor in renewable energy and energy efficiency technologies.  Richard was managing director and chaired the Global Financing Group at Goldman Sachs. He previously served as vice chairman of Morgan Stanley’s Institutional Securities business and co-head of its Banking Department.  Richard has also served as the chairman of the board of Levi Strauss & Co., and on the boards of several nonprofit organizations, including the Brookings Institution. Richard received a bachelor’s degree from Stanford University, a master’s degree in international relations from Yale University, and a master’s in public and private management from the Yale School of Management.

Raj Atluru

Board Member

Raj is a founder and Managing Director of Activate Capital. He has been investing in information technology and the energy and resource sectors since 1996, both domestically and internationally. Prior to Activate, he was a founder and Managing Director of Silver Lake Kraftwerk. From 2000 to 2011, Raj lead the cleantech efforts at Draper Fisher Jurvetson as well as its India operations. DFJ invested in pioneering companies in this sector including EnerNOC, Solar City, Tesla Motors, BrightSource Energy, Sea Micro, and Ping Identity. His primary areas of interest are renewable energy, energy storage, energy efficiency, mobility technologies, and software and security solutions for the industrial and energy markets. Raj has served on numerous private and public boards and co-founded DFJ Element, the largest fund ever raised for the cleantech sector at the time. Raj has both a BS and MS in Environmental Engineering from Stanford University as well as an MBA from the Stanford Graduate School of Business.

Jared Brimberry

Board Member

Jared Brimberry serves as a Senior Portfolio Manager for the Alaska Permanent Fund Corporation, where he helps manage the Private Income and Absolute Return portfolios. As part of this responsibility, Jared identifies and manages accretive, downside-protected opportunities in fund investments, co-investments, and direct investments. Before joining APFC in 2016, Jared spent four years with J.P. Morgan Chase & Co. working on client coverage and leveraged finance originations in Houston, Texas. He graduated from Baylor University with BBA in Finance and Economics and a minor in Math.

Jeff Colin

Board Member

Jeff Colin founded Baker Street Advisors, LLC in 2004. He is a member of the firm’s Management Committee and is the Partner in charge of the firm’s Investment Strategy Group. Jeff began his career advising some of the nation’s wealthiest families in 1991. Prior to his current role, Jeff served as the National Head of Wealth Planning for Deutsche Bank Alex. Brown, was the Managing Director in charge of the Private Client Division of Robertson Stephens, co-founded the Investment Advisory Services Group of myCFO and worked as a Vice-President in the Private Client Services Division of Goldman Sachs. Jeff holds a MBA from the J.L. Kellogg Graduate School of Business at Northwestern University and a BS from Northwestern University.

Jason Fish

Board Member

Jason is the Chairman of the Board of Generate Capital. He also serves as Co-Founder, Chairman of the Credit Committee, Chief Investment Officer, and a director of Alliance Partners. He is also a Director of Congressional Bank. He was the Co-Founder, President and Chief Investment Officer of CapitalSource Inc. From 1992 to 2000 he was a partner and managing member of Farallon Capital Management, a leading global private investment firm. Jason had overall responsibility for the firm’s real estate investment activities and also was responsible for both credit and private equity investing for Farallon and its affiliates. Before joining Farallon, Jason was Senior Vice President responsible for financial institution investment banking coverage on the West Coast for Lehman Brothers, Inc. Jason is a graduate of Princeton University and Chairs the Bay Area Board of Teach for America.

Lynn Jurich

Board Member

Lynn is chief executive officer and co-founder of Sunrun (Nasdaq: RUN), the nation’s largest dedicated provider of residential solar, storage and energy services in the United States. With Sunrun co-founder Ed Fenster, Lynn invented the business model “solar as a service” that unlocked consumer demand for clean, affordable energy direct from residential rooftops. Today with more than $3 billion in installed solar systems across 22 states and the District of Columbia, Sunrun is revolutionizing how consumers get electricity. Before Sunrun, Lynn worked at Summit Partners, whereas one of few female venture capitalists, she completed investments with an aggregate market value of over $900 million in the financial services and technology sectors. Lynn was named one of Fast Company’s Most Creative People in Business in 2013 and Forbes’ Women to Watch in 2015. Lynn earned her BS in Science, Technology and Society and MBA from Stanford University. In her free time, Lynn brings her competitive spirit to the tennis court and nurtures her appreciation of nature with long walks. As a new mom, she also loves spending time with her children and husband.

Scott Jacobs

CEO and Co-Founder

Bio

Jigar Shah

President and Co-Founder

Bio

Matan Friedman

CIO and Co-Founder

Bio

Sarie Lovell

VP, Asset Mgmt. & Operations

Bio

Jeff Ross

Managing Director

Bio

Edward Bossange

Principal, Capital Markets

Bio

Kristine Janhunen

Head of Talent

Bio

Darryl Carbonaro

Head of Legal

Bio

Jack Stark

CFO

Bio

Scott Gosselink

Principal, Head of Underwriting

Bio

Olga Adrianova

Matt Ale

Ulan Asanov

Miguel Barrios

Jon Bate

Jason Cho

John Dannan

Tara Dhimitri

Ryan Dulaney

Floriano Ferreira

Peggy Flannery

Zach Fullerton

Michelle Garza

Asher Goldman

Matt Goodman

Steve Gossett, Jr

Bill Hilliard

David Hirsch

Madeleine Hogg

Andrew Hughes

Benjamin Jasik

Charles Jurczynski

April Keleher

Lisa Khanna

Yana Lantsberg

Lydia Li

Pietro Lomazzi

Matt Lugar

Glenn McCrae

Rebecca McSween

Dan Meccariello

Peter Montgomery

Phuc Nguyen

Peter Nulsen

Nicolaus Owens

David Perl

Mark Purser

Kelsey Rasmussen

Ruth Robinson

Brooke Seegan

Jane Squire

Marisa Sweeney

Josh Tatel

Colin Temme

Janice Tran

Simon Wu

Scott Jacobs

CEO and Co-Founder

Bio

Jigar Shah

President and Co-Founder

Bio

Matan Friedman

CIO and Co-Founder

Bio

Richard Kauffman

Chair of the Board

Bio

Raj Atluru

Board Member

Bio

Jared Brimberry

Board Member

Bio

Jeff Colin

Board Member

Bio

Jason Fish

Board Member

Bio

Lynn Jurich

Board Member

Bio

Flexible Capital

Equity and Debt Facilities

Generate Capital offers multiple types of equity or debt facilities (of varying durations and structures) to help our Partners deploy sustainable infrastructure. We recognize that our Partners need flexibility, transparency, and efficiency in their capital partner and our entire company, its expertise, and our programs are designed to deliver those. We focus on building scalable, repeatable, and standardized offerings so our Partners can focus on generating revenue and building their businesses.

We invest in

Renewable Energy

  • Hydroelectric
  • Wind power
  • Geothermal
  • Biomass
  • Anaerobic digestion

Energy Efficiency

  • Heat pumps
  • HVAC
  • Fuel cells
  • Efficient lighting
  • Building automation/sensors

Renewable Water

  • Recycling/reuse
  • Irrigation
  • Sensors
  • Valves, pumps, pipe management
  • Meters

Renewable Agriculture

  • Urban agriculture
  • Agricultural inputs
  • Farm automation
  • Waste-to-value/biomass

Renewable Mobility

  • Autonomous vehicles
  • Electric vehicle charging
  • Electric vehicles

Infrastructure-as-a-Service™

When you sign up for a new mobile phone contract, do you have the option to pay for your own cell tower? No, you pay to share the cell towers, and the service they provide, with a fraction of the overall capital, in the form of a monthly bill.

Customers don’t want to evaluate, procure, or manage resource-related technology. That’s because it should be infrastructure—the basic physical and organizational framework necessary for society and enterprise to operate. Customers want to use infrastructure and they want to pay for those services as they receive them.

Meet Generate’s Infrastructure-as-a-Service™ model. It’s cheaper than your current utility bills, more flexible than locked-in infrastructure, more resilient than depending on single points of failure, and designed based on decades of experience with customers, technology manufacturers, and project developers.

We’re listening.

Project Finance 101

XYZ Company

Developer/Partner

  • Established company with expertise and record to evaluate and execute the Project
  • Partners with Generate to build project; can own equity in Project Company
  • May operate and maintain the Project
  • Wants recognizable revenue

Generate Capital

  • Provides capital to build the Project
  • Uses standardized contracts, rigorous underwriting, and flexible financial structuring to deploy different types of capital as necessary

Project Company

  • Independent from a business
    and legal perspective
  • Builds the Project and owns
    all Project assets
  • Enters contracts/receives capital
    for the Project

Customer

  • Pays for using infrastructure as they go without having to buy and maintain an entire system
  • Pays Project Company for using infrastructure as they go
  • Gets resilient, reliable resources
  • Saves money on day one

Project Finance

Asset

Cash

Services + Benefits

Customer Spend ($)

News

BLOOMBERG: BUFFETT-BACKED BYD FORMS LEASING VENTURE
10 JULY 2018
BYD has formed a joint venture with a San Francisco investor that will leases its buses to cities...
Read More
GREENTECH: BYD AND GENERATE CAPITAL DEPLOY E-BUSES
12 JULY 2018
The $200 million leasing program will help lower upfront costs and could open up other opportunities
Read More
GREENTECH MEDIA: $200M for Distributed Energy
24 OCTOBER 2017
Generate Capital Inc., a clean-energy financing company, raised about $200 million...
Read More
BLOOMBERG: $200M to Back Clean Energy
10 OCTOBER 2017

A massive Alaskan fund created by oil revenues is funneling millions of dollars into a young company...
Read More

 
Release: $150M in 2015
14 JANUARY 2016
Generate Capital established over $150 million of innovative infrastructure financing programs in 2015...
Read More
Fortune: Green Revolution
5 DECEMBER 2014
Jigar Shah, the entrepreneur behind solar powerhouse SunEdison, has a new company called Generate Capital...
Read More
GigaOm: Meet Generate
4 DECEMBER 2014
Meet Generate Capital, a new way to fund energy projects. By now, most of us know the story of how Silicon Valley’s love affair with...
Read More
Release: Generate's Launch
4 DECEMBER 2014
Renewable energy industry veterans launch Generate Capital, first dedicated resource efficiency finance company...
Read More

Reading

Creating Climate Wealth
Clean energy solutions represent the largest wealth creation opportunities on the planet...
Read More
McKinsey: Resource Revolution
Resource prices are rising and becoming more volatile. Without a resource revolution, we all face...
Read More
Resource Revolution
What do shale gas, Elon Musk’s Tesla, and the global apparel chain Zara share in common? In Resource Revolution, management experts...
Read More
Goldman Sachs: The Low-Carbon Economy
Between 2015 and 2020, solar and onshore wind will likely add more to the global energy supply than US shale oil production did from 2010 to 2015...
Read More

Contact

Location

Generate Capital, Inc.
555 De Haro Street
Suite 300
San Francisco, CA 94107

Phone +1 415 360 3063
Email info@generatecapital.com