Inerjys Beefs Up Team In Advance of First Close

Cleantech fund deepens sector knowledge with addition of solar, wind, storage and biofuels experts

MONTREAL--Inerjys, the $1 billion growth equity fund and global leader in green finance, is pleased to announce that it has forged a world-class senior management team with the additions of Jigar Shah and Russell Pullan as Partners in the firm.


Mr. Shah, a leading international clean energy entrepreneur and investor, joins Inerjys from the Carbon War Room, which he was called on to lead by Sir Richard Branson. As CEO, Mr. Shah led the development of dynamic, market-driven solutions that leverage the drive of entrepreneurs to combat climate change effectively.

Prior to the Carbon War Room, Mr. Shah was founder and CEO of the international solar services firm SunEdison. SunEdison pioneered the solar services model and led the world in both megawatts and solar systems under management. Previously, Mr. Shah managed M&A and corporate strategy for BP Alternative Energy, and worked as a consultant for the U.S. Department of Energy on alternative fuels and fuel cells.

Mr. Shah holds a BS in Mechanical Engineering from the University of Illinois, Champaign-Urbana, and an MBA from The University of Maryland. He sits on the boards of the Prometheus Institute, Greenpeace USA and the Carbon War Room.

Mr. Pullan, a noted clean energy investor, joins Inerjys from Nomura International, where he founded and directed their New Energy and Clean Technology Ventures group. At Nomura, Mr. Pullan led growth equity investments in leading clean and alternative energy firms, particularly those with a strategic focus on growth in the Middle East and Asia.

Prior to Nomura, Mr. Pullan headed investments at The Carbon Trust, a cleantech venture capital fund backed by the UK government, which also included several clean technology startups, incubators and accelerator projects.

Mr. Pullan holds a BSc from the University of Western Ontario and an MBA from INSEAD in France. He served on the advisory boards of the CalSTRS Greenwave Initiative and the Cleantech Group, and is a member of the Young Presidents Organization (YPO).

At Inerjys, Mr. Shah will focus on Inerjys' international renewable energy project strategy, while Mr. Pullan will direct growth equity investments in clean technology firms.

"We're looking forward to working with Jigar and Russell to change the game in cleantech investing," said Stephan Ouaknine, Chairman and Managing Partner of Inerjys. "Their experience, energy and raw talent will be incredibly valuable to us in the coming years." Mr. Ouaknine went on to add that "the top cleantech and investment talent we're attracting to Montreal is a strong vote of confidence in the future of this city as a leading hub for clean technology."

Concurrently to the announced additions, Inerjys also expanded its sector focus with the addition of a biofuels expert to its management team.

To learn more about Inerjys and its comprehensive vision for utility-scale renewable energy, visit http://inerjys.com or follow Inerjys on its official Twitter account, @Inerjys.

About Inerjys: Inerjys is a $1billion initiative to reinvent the clean technology and renewable energy sector by investing vertically across the value chain. To overcome market barriers and accelerate the pace of innovation, Inerjys invests growth equity in leading technology firms while simultaneously building utility-scale clean technology projects worldwide.

Founded in Montreal in 2011 by Stephan Ouaknine, a celebrated serial entrepreneur, the innovative Inerjys approach has been featured at the Durban World Climate Summit, the Clinton Global Initiative, and at upcoming global events including the Rio+20 Green Summit.
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