Getting To The Triple Bottom Line: Innovative Strategies To Green Your Business

 

Newburgh Finance Forum Will Highlight New York’s New Green Bank

 

NEWBURGH, NY – New York’s new Green Bank will be a key topic at a May 15 conference designed to provide Hudson Valley business owners with strategies to finance energy saving improvements for their buildings.

To be held at SUNY Orange in Newburgh, the free forum — “Getting To the Triple Bottom Line: Innovative Strategies to Green Your Business” — will be hosted by Orange County and Mid-Hudson Economic Development Growth Extension (EDGE), a program of the New York State Energy Research and Development Authority. The triple bottom line is often explained in shorthand as “people, profit, and planet” — important components of today’s smart business decisions.

 

alfred griffin smaller

Alfred Griffin, President, NY Green Bank

Former Citigroup executive Alfred Griffin, now president of the NY Green Bank, will be the noontime keynote speaker. [See registration link, below.]

 

David Church, Orange County Planning Commissioner, will provide opening remarks at 8:30 am. NYSERDA executives Joseph DiRosa and Kathryn Fantauzzi will provide an overview of NYSERDA commercial funding programs. Citi’s director of sustainability, Bruce Schlein, will join a panel of private sector finance experts including John DiModica, NORESCO; Tom Kacandes, Sunrise Solar; and Amanda DiMaso, Central Hudson, to provide a private sector viewpoint on successful business funding strategies.

 

“We’re glad to help get the word out about the important steps businesses can take today if they want to save money by saving energy,” said Church. “After last winter, it’s more critical than ever for businesses to know they can take charge of their energy future,” he added. Solar energy is gaining in acceptance throughout the Hudson Valley, as it is worldwide, and strategies such as LED lighting, occupancy sensors, high efficiency boilers and air to air heat pumps all carry NYSERDA incentives. The meeting will help businesses learn how to access these incentives.

 

Perspectives on Property Assessed Clean Energy (PACE) will come from Genevieve Rose Sherman, Connecticut Clean Energy Finance and Investment Authority; Dave Gabrielson, PACENow; and Joseph DelSindaco, managing director, Energize-New York. After lunch, up and coming finance strategies will be examined by a six-person panel that includes Jessica Aldridge, NY Green Bank; Fred Lee, NYC Energy Efficiency Corporation; Robert Sanders, Clean Energy Group; Bryan Garcia, Connecticut Clean Energy Finance and Investment Authority; Robert Fischman, Energize-NY; and moderator Guy Kempe of Rural Ulster Preservation Company. The event will wrap up with an optional session offered by Courtney Strong Inc., NYSERDA’s EDGE contractor for the Hudson Valley, on the NYSERDA Cleaner Greener Communities funding opportunity and how to fill out a Consolidated Funding Application (CFA), which is now the entry portal for all businesses seeking financial assistance from the State of New York.

 Sponsors are Continental Organics, Council of Industry, USGBC/Upstate Chapter, Hudson Valley Regional Council, Rural Ulster Preservation Company, Energize New York, and Central Hudson. Attendance is free but registration is required.  Registration: http://conta.cc/1ktQqA6 Information:

 

AGENDA

Getting to the Triple Bottom Line: Innovative Finance Strategies

To Green Your Business

7:30 am – 3:30 pm, May 15, 2014

The Great Room, Kaplan Hall, SUNY Orange      1 Washington Center, Newburgh, NY 12550

As profit margins stay stubbornly slim in a slow recovery, the need for investment in energy efficiency and renewable energy has never been greater.  These smart personal and business decisions are supported by state and utility incentives, and by a number of new financing opportunities – including New York’s new Green Bank. Today’s presentations/conversations will explore what’s on the horizon and how the world of energy efficiency and renewable energy investment is changing.

 

7:30                           Registration and Continental Breakfast

 

8:30                           Welcome and Opening Remarks:

David Church, Orange County Commissioner of Planning

Steven M. Neuhaus, Orange County Executive (Invited)

 

8:45                           NYSERDA Finance Programs

  • Joseph DiRosa, NYSERDA
  • Kathryn Fantauzzi, NYSERDA

 

9:45                           Private Sector Perspectives

                                    Representatives from privately-held companies discuss strategies for multiple sectors 

  • Bruce Schlein, Corporate Sustainability, Citi
  • Tom Kacandes, Sunrise Solar
  • John DiModica, NORESCO
  • Amanda DiMaso, Central Hudson

 

10:45                         Networking Break

 

11:00                         Property Assessed Clean Energy (PACE) Financing

                                    A discussion of evolving PACE activities in and outside New York State

  • Robert Fischman, Energize-NY
  • David Gabrielson, PACENow
  • Genevieve Sherman, Connecticut Clean Energy Finance and Investment Authority

 

12:00                         Lunch

The Financial Landscape Today Alfred Griffin, President, Green Bank

 

1:00                           Strategies on the Horizon

                                    Recent and evolving city and state actions, including green banks, targeting multiple sectors

  • Jessica Aldridge, NY Green Bank
  • Fred Lee, NYCEEC
  • Robert Sanders, Clean Energy Group
  • Bryan Garcia, Connecticut Clean Energy Finance and Investment Authority
  • Mark Thielking, Energize-NY

Moderated by: Guy Kempe, Rural Ulster Preservation Company

 

2:30                           Closing Remarks and Summary

 

3:00                           Optional Workshop: How to Fill Out a Consolidated Funding Application: Best Practices

 

3:30                           Adjourn

 

 

 Speaker Profiles

 

Alfred Griffin is President of the New York Green Bank (“NY Green Bank”). NY Green Bank is a $1 billion initiative introduced by Governor Andrew M. Cuomo in 2013 to mobilize greater private sector capital in New York’s rapidly growing clean energy markets, to enhance New York’s competitiveness for clean energy businesses, and to make the state’s energy systems more resilient and reliable.

 

Griffin brings 25 years of experience in banking and finance to NY Green Bank. He is an industry leader in developing innovative solutions in support of the financing of renewable energy generation and energy efficiency projects. In his role with NY Green Bank, Griffin will oversee partnerships with private sector capital providers to address market barriers currently limiting private investment in attractive renewable energy and energy efficiency projects.

 

Prior to joining NY Green Bank, Griffin specialized in structured finance with roles in corporate and investment banking, capital markets and risk management at Citigroup Global Markets Inc. Specific roles included Alternative Energy Banking where Griffin was responsible for the design, marketing and execution of structured solutions within the evolving market segment. Within the sector, Griffin was involved with a variety of innovative transactions including energy efficiency loan and lease securitizations, distributed solar portfolio financings, energy savings projects, and government-agency debt guarantee transactions.

 

Other responsibilities at Citi included Institutional Recovery Management where Griffin developed and implemented strategies for mitigating risk exposures to distressed companies and projects; Griffin also worked in Global Structured Solutions where he originated structured transactions across a variety of industries and assets classes, many of which involved first of kind transaction structures.  Prior to joining Citi in 1997, Griffin held positions at Edward D. Jones & Co. and Smith Barney Inc.

Griffin is a graduate of the University of North Carolina at Chapel Hill where he earned his B.A. and M.B.A. degrees, and currently serves on the Board of Visitors.  He is a Chartered Financial Analyst.

David Church is Commissioner of Planning for Orange County, New York. Appointed to this position in 2002, he oversees land use, planning, agriculture, tourism, and grant units of County government as well as the County Water Authority, and the County Transportation Council (or MPO). Previously he was executive director of the Albany-based New York Planning Federation. He has also held positions with The Catskill Center and the Conservation Foundation/World Wildlife Fund. Early in his career he was a partner in Landscape Studies specializing in environmental impact assessment.

He is a board member of the Hudson River Watershed Alliance, and the Energy Improvement Corporation, and he serves as Chair of the Hudson Valley Agribusiness Development Corporation.   David has written several books on land use and zoning including The Short Course: A Basic Guide for Members of Planning Boards and Zoning Boards of Appeals, and The Shawangunk Ridge Conservation and Design Guidebook. A member of the American Institute of Certified Planners, he is a graduate of Hamilton College (Geology) and has studied at Empire State College. Raised in northern Berkshire County, Massachusetts, he lives with his wife and two children in the Town of Shawangunk (shon-gum), New York where he has served three terms as a member of the Planning Board.

Bruce Schlein joined Citi in 2006 where he works as Director of Corporate Sustainability with Citi business and operations units to identify and develop solutions for emerging environmental and social issues and opportunities, with a focus on energy efficiency, urban climate mitigation and adaptation, and sustainable value chains. Previously, he worked as a sustainability specialist for Bechtel on petrochemical and civil projects in China and Romania, and for international development agencies including Save the Children, Catholic Relief Services in Bosnia Herzegovina and the U.S. Peace Corps in Papua New Guinea. Bruce is a graduate of Cornell University and holds a Masters in International Affairs from Johns Hopkins Nitze School of Advanced International Studies (SAIS). Bruce currently teaches Corporate Social Responsibility as an adjunct professor at SAIS and NYU Stern, and serves on the board of the International Institute for Sustainable Development.

Kathryn Fantauzzi is an Assistant Project Manager for NYSERDA’s Small Commercial Energy Efficiency Program which offers eligible small business and not-for-profit organizations across New York State with free energy audits, implementation assistance, and access to low-interest energy efficiency financing options made available through Green Jobs – Green NY.

Susan Leeds is the Chief Executive Officer of NYC Energy Efficiency Corporation. Susan is the day to day leader and visionary, and drives the team towards fulfilling NYCEEC’s mission.

Leeds is a seasoned professional with more than 17 years of experience in financial markets. Prior to joining NYCEEC, Susan developed a funding strategy for an energy efficiency project developer and advised a major national bank on product opportunities in energy efficiency finance. Susan has also managed financial sector advocacy for the Natural Resources Defense Council (NRDC), one of the nation’s leading environmental action groups.  She holds an MBA in finance from the Wharton School at the University of Pennsylvania and a BA from the University of Pennsylvania.

Fred Lee is the Director of Legal Affairs and Finance for NYCEEC. Fred manages the day-to-day legal and financial affairs of the organization in addition to leading underwriting and execution of new transactions and projects.

Lee has experience in clean tech, real estate finance and the public sector. Prior to joining NYCEEC, Lee was Assistant Director in the Center for Economic Transformation at the New York City Economic Development Corporation, where he led the Clean Technology and Energy team. He served as project lead on a variety of energy efficiency and renewable energy projects and focused generally on developing the clean technology and energy sectors in NYC. Prior to entering the energy related industry, Fred was a structured finance attorney, focusing on securitization of real estate related securities.

Lee holds an MBA with a concentration in real estate finance from Columbia Business School, a JD from Cornell Law School, and is a graduate of Amherst College (BA).

Robert G. Sanders, with more than 25 years experience in community development and energy-related commercial finance, is a consultant with expertise in designing, implementing and evaluating financing programs, financial products and related services in the areas of clean energy and sustainable community development.  Rob was formerly the Managing Director of Energy Finance for The Reinvestment Fund, a leading innovator in the financing of neighborhood and economic revitalization with $700 million dollars under management from 800 investors.  In this capacity, he served as Fund Manager for the Sustainable Development Fund, a $32 million fund created by the Pennsylvania PUC to promote renewable energy and energy efficiency, as well as TRF Fund Manager for the Pennsylvania Green Energy Loan Fund and the Philadelphia metropolitan area EnergyWorks Loan Fund – representing $80 million of new public and private resources for building-related clean energy projects.  As lead for all energy investing, Rob made loans, leases, equity investments and performance-based grant incentives and positioned TRF as a leader in energy finance among community development financial institutions (CDFIs).  He served two terms on the Board of the Pennsylvania Energy Development Authority and was a director and officer of the Clean Energy States Alliance. He has provided testimony at a U.S. Congressional briefing on the respective roles that federal and state funding should play to accelerate clean energy market development.  Mr. Sanders holds an MCP from the University of California at Berkeley and a BA from Stanford University.

Bryan Garcia was named president of the Clean Energy Finance and Investment Authority in 2011. Among the initiatives he oversees are incentive programs to support the installation of clean energy systems at residential and commercial sites, an incentive program to support development of new clean energy technologies, and the award winning Connecticut Clean Energy Communities Program. Prior to rejoining CCEF in 2011, Garcia was program director for the Yale Center for Business and the Environment. At Yale, he led efforts to develop a leading global program responsible for preparing environmental leaders for business and society. Garcia also co-founded Earth Markets, a Connecticut company that helps to accelerate the deployment of clean and efficient energy technology in homes and businesses. Previously he was director of energy market initiatives at CCEF, where he created the Connecticut Clean Energy Communities Program and served as the climate change coordinator for the Governor’s Steering Committee on Climate Change.  Additionally, Garcia served as chairman of the Connecticut Green Building Council, a board member of SmartPower and the Clean Energy Finance Center, and an advisory committee member of the Clean Energy States Alliance, The Climate Group and the Connecticut Hedge Fund Association. He holds a Bachelor of Science degree in political economy of natural resources from U.C. Berkeley, masters degrees in public administration and business administration from New York University, and a Master of Environmental Management degree from Yale University.

Jessica Aldridge is a Senior Associate at New York Green Bank (“NY Green Bank”). NY Green Bank is a $1B state-sponsored investment fund dedicated to overcoming current obstacles in clean energy financing markets and increasing overall capital availability through various forms of financial support such as credit enhancement, project aggregation, and securitization. In her role with NY Green Bank, Jessica supports the origination, evaluation, and execution of scalable clean energy project investments across New York State.

Prior to joining NY Green Bank, Aldridge served in the Office of the Secretary at the U.S. Department of Energy, where she helped develop finance and securitization policies to support growth in clean technology adoption. Aldridge also worked with PricewaterhouseCoopers (PwC) to identify efficiency projects worth over $1 million in annual energy savings. Previously, she worked in investment monitoring and reporting at Citi Private Equity, a business unit of Citigroup that managed over $10 billion of private equity co-investment, fund of fund, and mezzanine products. Jessica also has experience in single stock and portfolio trading, structured derivatives, and institutional sales in equities at UBS Investment Bank.

Aldridge holds a BA in Economics from Columbia University, an MBA with a concentration in Strategy & Finance and an MEM in Energy & the Environment from Yale University.

 

Genevieve Rose Sherman joined the Clean Energy Finance and Investment Authority in  January 2013. Genevieve graduated from the Massachusetts Institute of Technology with a Master in City Planning, where she developed innovative financing and governance strategies that engage commercial buildings in their energy production and consumption. Most recently as a consultant to Clean Energy Solutions Inc. and Earth Markets, both leading developers of energy efficiency programs in the United States, she conducted market research and outreach on behalf of utilities and state energy agencies to design new smart metering, information feedback, and energy efficiency programs. As a Summer Analyst at HR&A Advisors, a New York-based real estate and energy efficiency consulting firm, she worked directly with large commercial property owners to prioritize and assess energy conservation measures for their buildings. Prior to MIT, Sherman worked as a city planner for the City of Cape Town, South Africa where she compiled and analyzed data on urban development impacts as a result of the City’s land use policies. Sherman holds a BA in Urban Studies from Columbia University and a Certificate in Environmental Planning and Policy from MIT.

Nathaniel Doyno is the Assistant Program Manager for Con Edison’s Small Business Energy Efficiency program which helps businesses become greener and operate more efficiently.  Con Edison’s Small Business program offers a free energy survey and up to 70% in incentives (no waiting for rebates) for installing equipment upgrades. Doyno is responsible for the implementation of Con Edison’s small business program by increasing customer participation.

Doyno has more than eight years of experience with energy efficiency, high-performance building, renewable energy technologies and markets. Prior to joining Con Edison, Nathaniel was a sales and business development consultant specializing in utility energy efficiency programs in PA, NJ and NY, for  Bright Power, EnergyGridIQ, The Efficiency Network, and Encentive Energy. He has a B.S. in City & Regional Planning from Cornell University.

Amanda DeMaso has been with Central Hudson for eight years. She has a degree in Electrical Engineering from Syracuse University and another in Mechanical Engineering from Columbia University. Currently Demaso is the supervisor of Energy Efficiency with responsibility of managing Central Hudson’s residential and commercial energy efficiency programs.

Robert Fischman is Director of Commercial Programs for Energize NY. He brings three decades of professional experience in the building industry, having directed more than $500 million in capital construction programs for commercial, residential, educational & cultural institutions, municipal facilities, research laboratories, hotels and athletic facilities. Fischman has long been an advocate for sustainability and energy efficiency in our communities, having served on the Westchester County Climate Change Task Force, town and school district sustainability advisory boards, and as executive director of a not-for-profit think tank addressing environmental issues and green building strategies in the Hudson Valley. He holds a BS in Civil Engineering from Union College and a MS in Sustainability Management from Columbia University.

Mark Thielking is the Acting Executive Director for Energize NY and the Energy Improvement Corporation (EIC). Thielking is also a member of the Town of Bedford Energy Advisory Panel and the Bedford representative to the Northern Westchester Energy Action Consortium (http://www.NWEAC.org). He most recently worked as a Managing Director within the UBS Investment Bank’sEnvironmental Advisory Group (EAG), joining EAG from the bank’s Fixed Income Department where he ran the US Dollar GSE Agency trading desk. Thielking is a graduate of Boston University with a BA in Economics.

David Gabrielson is PACENow’s Executive Director. He was introduced to PACE while helping develop Energize Bedford, an energy efficiency financing program for homes in Bedford, New York, where he has served as an elected Councilman since 2008. A related program, Energize NY is the statewide provider of commercial PACE financing in the Empire State. Before his careers in energy and politics, Gabrielson spent over 20 years as an investment banker to state and local governments, financing a wide range of capital facilities and programs at national firms including Credit Suisse First Boston and J.P. Morgan. Gabrielson earned a bachelors degree in Economics at the University of California at Berkeley and holds a Masters Degree in Public and Private Management from Yale University.