Aug. 2, 2012
-- Stockton, Calif. (July 27, 2012) — Sunverge Energy, the Stockton-based manufacturer of the Sunverge Solar Integration System, announced today that serial energy entrepreneur Dominic Geraghty has joined its board of advisors. Dr. Geraghty, board member and former CEO of Vancouver-based smart grid company Tantalus Systems Corporation, brings over 25 years of experience and achievements in energy- and utility-related markets. Under Dr. Geraghty’s leadership, Tantalus Systems raised $26.6 million within five months and created and implemented a smart grid business strategy that led to a sustained triple digit annual growth rate over the next three years.
“Dom Geraghty’s strong experience in smart grid development and venture financing will provide invaluable strategic insight to Sunverge Energy as we move to the next phase of our growth,” said Ken Munson, co-founding president and CEO of Sunverge Energy. “I have great admiration for Dom and look forward to the tremendous value he will bring to our company.”
In the early ‘90s, Geraghty was a general partner, vice president and director of Aretê Ventures Inc.—the first V.C. fund to focus solely on energy-related deals. Geraghty was co-founder and president of Energy Technologies Inc., an unregulated venture fund subsidiary of Atlantic Energy focused on energy-related investments, for which he raised $250 million. He was president of Genesis services, a Silicon Valley-based wireless service subsidiary of Itron (ITRI: NASDAQ). As co-founder of Enerwise Global Technologies, Geraghty led efforts culminating in a $16.5 million round of growth capital and the acquisition of a complementary company, Datapult. At the request of new investors, he served as executive chairman of Nanosteel, a venture-backed company manufacturing nano-structured steel materials for the energy and vehicle industries. More recently, Geraghty acted as full-time senior energy investment consultant for GFI Ventures/Oaktree Capital, a $1B private equity fund investing solely in energy-related deals.
Dr. Geraghty earned a B.E. in chemical engineering with first class honors and a Ph.D. from University College in Dublin, and an M.B.A. from University of Santa Clara, California.
Today, Geraghty is optimistic about guiding Sunverge onto a high-growth trajectory. “Sunverge’
s distributed storage system, combining proven hardware and advanced software, is one of the most sophisticated systems I have seen, capable of delivering benefits to many different stakeholders. The renewable energy industry has struggled to find a cost-effective and comprehensive solution such as this. Sunverge has the potential to fill that product gap and deliver outstanding returns to its investors,” said Dr. Geraghty. “I am looking forward to being a part of its success.”
About Sunverge Energy
Sunverge has assembled one of the most experienced utility-centric design and installation teams in the US. Built on a 15-year foundation of electric utility engineering, design and automation, Sunverge Energy is a California-based company that optimizes the value of solar power by leveraging the practical advantages of distributed generation and storage. www.sunverge.com