CHARLOTTE, N.C., Aug. 14,
2024 /PRNewswire/ -- Deriva Energy, a leading
renewable power operator and developer, announces the appointment
of John Clapp as the new Chief
Executive Officer, effective Sept. 30,
2024. Clapp will be stepping into the role following the
retirement of Chris Fallon, who
served the company until the end of July.
I look forward to working with the talented
team and leveraging our collective strengths. - John Clapp, Deriva Energy
Clapp brings with him over 30 years of deep experience in power,
energy transition, and renewables project finance and development.
Clapp comes to Deriva from Scout Clean Energy, a Brookfield
portfolio company, where he was Chief Financial Officer and played
a significant part in the development, construction, and operation
of the Company's 1 GW of operating wind, solar, and storage assets
while advancing the development of a 17 GW project pipeline. Clapp
was instrumental in leading Scout's growth strategy, building
effective teams, fostering innovation, and leading transformative
initiatives. Clapp also led the sales process that resulted in the
acquisition of Scout by Brookfield at the end of 2022.
In his career, Clapp has also been a Managing Director in the
Global Power & Utilities Group at Citigroup, CEO of a C&I
distributed energy developer, and spent a decade as an industry
consultant setting up competitive power markets in the U.S. as well
as leading asset valuation and power market analysis. At Deriva
Energy, Clapp will leverage his experience in accelerating the
transition to clean energy and driving the decarbonization of the
electric grid.
"We are pleased to welcome John to Deriva Energy," said
Mitch Davidson, Chairman of the
Deriva Energy Board of Directors. "John is an exceptional leader
with a strong track record in the renewable industry. He is well
positioned to guide Deriva into its next phase of growth as a
leading independent power producer in the U.S."
"I am honored to join Deriva Energy at such an exciting time,
and I look forward to working with the talented team, leveraging
our collective strengths to achieve our strategic goals, and
delivering value to our stakeholders," said John Clapp.
For more information about Deriva Energy, please visit
www.derivaenergy.com or contact press@derivaenergy.com.
Deriva Energy
Deriva Energy is an established leader in clean energy, with
over 6,000 megawatts of operating assets and over 12,500 MW of
assets in development across the U.S. Formerly known as Duke Energy
Renewables, Deriva is a portfolio company of Brookfield, one of the
world's largest owners and operators of renewable power and climate
transition assets. Deriva is headquartered in Charlotte, North Carolina.
Contact:
press@DerivaEnergy.com
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SOURCE Deriva Energy