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Dealflow: October 19 - 25

1 deal tracked·74.5 MW total capacity·3 executive moves

Published Thursday, October 19, 2023

The Week in Deals

1 deal
DateDeal TypeTechSeller / SponsorBuyer / FinancierSizeLocationStatusNotes
Oct 19Utility PPASolarFlorida Renewable Partners (NextEra)Seminole Electric Cooperative74.5 MWFLClosedFourth FRP site (companion to existing Gadsden/Columbia/Gilchrist/Tupelo entries). Putnam site is publicly identified but not yet present in dataset; pricing estimate mid-cluster of disclosed sister sites ($26.94-27.47/MWh). Sub-region: FPL (FL).

Change of Control

3 moves

Bob Mao departed Energy Recovery, Inc. as President and Chief Executive Officer

Mao steps down as ERII pivots its PX pressure-exchanger platform from desalination into refrigeration and wastewater. Remained on Board.

Press release

Oct 24

David Moon named interim Interim President and Chief Executive Officer at Energy Recovery, Inc. (from Director (Board), Energy Recovery, Inc.)

Moon's Carrier Refrigeration background telegraphs ERII's strategic re-orientation around CO2 refrigeration. Made permanent CEO three months later.

Press release

Oct 24

Pamela Tondreau named Chairperson of the Board at Energy Recovery, Inc. (from Lead Independent Director, Energy Recovery, Inc.)

Board chair seat changes hands alongside CEO transition, reflecting the activist-style overhaul of governance even at small-cap cleantech firms in late 2023.

Press release

Oct 24

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