Investment firm focused on sustainable infrastructure, Generate Capital, has tapped David Crane for the top executive position as its new CEO.

Generate Capital Appoints David Crane as New CEO and Chairman

In a significant move for the sustainable infrastructure investor and operator, Generate Capital has announced the appointment of David Crane as its new CEO and Chairman of the board. The appointment marks a new chapter for the company, which was founded in 2014 with a belief that combining operators and investors creates the best opportunity to deliver value.

David Crane, who previously served as the U.S. DOE Under Secretary for Infrastructure, brings a wealth of experience to his new role. Prior to his appointment, he was the CEO of five publicly traded energy companies and currently serves on the board of JERA Co., Inc.

Crane's appointment is seen as a strategic move by the company as it positions itself to capitalize on opportunities in a rapidly evolving energy market. Generate owns and operates over 2,000 assets globally across multiple sectors, including Sustainable Energy, Sustainable Mobility, Sustainable Water, Waste & Agriculture, and Industrial Decarbonization.

Scott Jacobs, who has served as CEO for over ten years, is stepping down from his role. Richard Kauffman, former Chairman and current Independent Director of Generate Capital, made a statement about the appointment, describing Generate as a critical resource for partners, investors, and the communities it serves. Kauffman also stated that Crane's dedication to building Generate will continue into the next phase of his career.

Generate has raised more than $14 billion to date and has been successful in delivering sustainable infrastructure solutions to its partners. Kauffman stated that the company was founded with the aim of delivering value and creating a positive impact, and Crane's appointment is expected to further this mission.

Crane, in his statement, focused on maximizing value in Generate's portfolio, investing in high-performing assets, and building its credit business. He expressed his excitement about joining Generate and working towards a sustainable future.

With Crane at the helm, Generate Capital is poised to continue its mission of delivering sustainable infrastructure solutions and making a positive impact on the world. The company's assets will undoubtedly benefit from Crane's extensive experience in the energy sector, and the firm's future in the energy transition looks promising.

As Scott Jacobs steps down from his role as CEO, he leaves behind a legacy of success and a strong foundation for Generate Capital to build upon. The company's new chapter with Crane at the helm is expected to be an exciting one, as it continues to deliver sustainable infrastructure solutions and make a positive impact on the world.

Investment firm focused on sustainable infrastructure, Generate Capital, has tapped David Crane for the top executive position as its new CEO.