Brings Consumer Finance Expertise to Clean Power Finance Management Team
San Francisco—July 10, 2012—Clean Power Finance, the online marketplace for residential solar financing and leading provider of solar sales software, today announced the appointment of Steve Olszewski as senior vice president of operations. His record of leadership in the consumer financial services sector will support Clean Power Finance's efforts to streamline and professionalize the residential solar sales and financing industry.
"With more than twenty years of operations experience in consumer financial services companies and electric power utilities, Steve provides expertise that will not only help us streamline complex solar financing processes to be more intuitive for third-party financiers and consumers, but also make us quickest in the industry at paying our solar professional partners," said Nat Kreamer, CEO of Clean Power Finance. "Most people today prefer to finance their residential solar systems, but true mass adoption of residential solar won't happen until we demystify and professionalize the sales and financing process. Steve will help us move closer to that goal."
Prior to joining Clean Power Finance, Steve served as a senior vice president at Discover Financial Services, where he led the student loans business through the integration of The Student Loan Corporation and later oversaw the largest portfolio acquisition in Discover's history. He also managed the six-fold growth in the deposits business, which became the company's largest funding source. Prior to Discover, Steve led underwriting and servicing operations for GMAC's auto insurance business and held operations strategy roles at Capital One. He is an alumnus of McKinsey & Company and Andersen Consulting (now Accenture), where he served a variety of clients in the energy and financial services sectors. Steve graduated from Wesleyan University with a BA in economics and government and holds an MBA from Northwestern's Kellogg Graduate School of Management.
"Clean Power Finance is uniquely positioned to transform residential solar into a mainstream consumer financial service," said Steve Olszewski. "Transparent and timely financing and operations are prerequisites for the widespread adoption of residential solar, and I am confident my experience leading underwriting and servicing operations for highly regarded financial services companies will help Clean Power Finance establish best practices for the industry."
Clean Power Finance's management team includes solar finance pioneer and SunRun co-founder Robert "Nat" Kreamer; Clean Power Finance co-founder and CPF Tools creator Adam Marsh; former Tioga Energy executive Kristian Hanelt; venture capital veteran Micah Myers; residential solar experts Kirstin Hoefer and Nick Mack; and former IBM global sales executive Robert Prigge.
About Clean Power Finance
Clean Power Finance is driving the mass-market adoption of residential solar by building an online business-to-business marketplace to connect the solar industry and the capital markets. Clean Power Finance provides solar professionals, including marketers, installers, manufacturers and distributors, with access to a variety of non-exclusive, white-label residential finance products and an easy-to-use solar sales quoting and design tool. The company's transparent pricing makes it easy for financial firms and lenders to invest in residential solar projects that provide reliable rates of return. Founded in 2007, Clean Power Finance is venture backed by Kleiner Perkins Caulfield & Byers (KPCB), Google Ventures, Claremont Creek Ventures, Clean Pacific Ventures and Sand Hill Angels. To learn more about how Clean Power Finance can accelerate the growth of solar businesses, please visit www.cleanpowerfinance.com.