San Francisco-based CalCEF Innovations, the market and policy solutions division of the California Clean Energy Fund (CalCEF), has announced that Paul Frankel has joined as managing director. Frankel is a veteran of 3Com Ventures, a former Stanford and Haas adjunct professor and the former fundraising chair of California Clean Tech Open. He will take the lead on the organization's goal of providing action-oriented finance and policy solutions to the expanding clean-tech industry.
‘CalCEF Innovations advances the mission of the California Clean Energy Fund to aggressively target key issues that cut across industries, pose challenges to policy and impede the flow of capital into climate solutions,’ says Michael Peevey, chairman of CalCEF Innovations and president of the California Public Utilities Commission. ‘The clean-tech industry is at an inflection point where rapid scaling is the challenge, and new strategies must be developed to put our economy on a sustainable path.’
Frankel turned his attention to cleantech in 2002. His research study on the sector was published and announced at the First European Hydrogen Energy Conference in 2003. Identifying a key gap in the emerging clean-tech finance industry, Frankel established the mezzanine debt fund Ecosa Capital, targeting expansion stage companies in clean energy, green building and sustainable agriculture.
SOURCE: CalCEF Innovations