PosiGen Adds Experienced Team Member to Lead Corporate Development & Finance

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Feb 20, 2019, 09:12 ET

NEW ORLEANS, Feb. 20, 2019 /PRNewswire/ -- PosiGen, the nation's leading provider of renewable energy and energy efficiency solutions for low-to-moderate income homeowners, is proud to announce the addition of Ben Healey as its newest team member.

While Healey officially joined PosiGen on February 11, 2019 as the Executive Vice-President of Corporate Development & Finance, he is no stranger to the company's mission and core values. Healey previously worked at the Connecticut Green Bank, a PosiGen partner and the nation's first green bank, where he designed and developed financing solutions to accelerate the deployment of clean energy projects across Connecticut. Most recently, he helped found and served as the President of Inclusive Prosperity Capital, a Green Bank spin-off focused on clean energy access for underinvested communities and unconventional credits where he will continue to serve as an advisor and a member of its board of directors.

"PosiGen is a special company to me, and has been for a while," Healey said. "Having worked in partnership with the PosiGen team for the past four years, I've seen the effect the company has on people's lives. The PosiGen model is powerful. I'm impressed by their focus not just on the customer for the company's sake, but for the customer's sake. I'm excited to join the team because I truly believe PosiGen has a tremendous opportunity to penetrate new markets and build a platform for underserved communities that doesn't exist right now in either the solar industry or the clean energy market more generally."

Healey's responsibilities will primarily include raising capital for PosiGen, with a focus on targeting financing facilities that enable company growth. Healey will also support the company as it optimizes the use of federal solar tax credits to raise capital in the niche tax equity markets as well as opportunity zone funds created as a result of the 2017 federal tax bill. It will be his job to ensure that both the current and a broader pool of potential investors understands the PosiGen model and the value it brings in opening up the solar market to new customers who haven't had access to the benefits of solar energy and energy efficiency in the past.

Since 2011, PosiGen has worked to close the clean energy affordability gap by delivering lower utility bills and the benefits of clean energy through solar panels and energy efficiency upgrades to low-to-moderate homeowners. To date, the company has over 13,000 customers in Louisiana, Connecticut, New York, New Jersey and Florida. With Healey on board, PosiGen's CEO, Tom Neyhart is confident the company will grow to help even more deserving families.

"When I met Ben four years ago, I could tell he was extremely mission driven and really understood our desire to help ease the energy burdens of those who need it most," said Neyhart. "Our company is about to experience significant growth, and we need someone with Ben's background and expertise to help facilitate that expansion. The focus of the entire executive team is to help as many families as possible, and we are thrilled to have Ben on board because he understands the challenges that PosiGen faces as the only solar company focusing on low income families and the unique obstacles we have to overcome to advance that mandate."

Healey holds degrees from Yale's School of Management and School of Forestry & Environmental Studies, as well as Yale College.

CONTACT: Amy Barrios, (504) 621-5646, [email protected]

About PosiGen:
Headquartered in New Orleans, LA, PosiGen is one of the nation's leading residential solar, energy efficiency and energy education providers for low-to-moderate income families. PosiGen has more than 13,000 residential customers, over 220 direct employees and supports more than 120 employees through its contractors in Louisiana, Connecticut, New Jersey and Florida. PosiGen's unique services and products make solar energy affordable to homeowners of all income levels, and offer individuals, families and businesses the opportunity to achieve greater fiscal autonomy and energy independence by lowering their utility bills. To learn everything about PosiGen, please visit www.posigen.com.

SOURCE PosiGen