Summit Power Group Announces Senior Management Changes
SEATTLE, July 22, 2014
SEATTLE, July 22, 2014 /PRNewswire/ --The Summit Power Group, LLC a leading
developer of low-carbon electric power projects, is pleased to announce
changes in the responsibilities of certain key leaders on the executive team.
Chief Commercial Officer Ann E. Banks has been named Chief Operating Officer,
expanding her current role to include responsibility for the overall
management and administration of the company with a focus on efficiency and
structure for development efforts.
"Ann's experience, leadership, personal hard work and good cheer are
indispensable to this position and to Summit as a whole," said Eric Redman,
CEO and President of Summit. "This change will help to sharpen our focus on
our many efforts to bring about a worldwide reduction in carbon emissions."
Joining Summit in 2010, Ms. Banks brings over 25 years of experience in
business development, management, and treasury operations with companies that
include Calpine Corporation, Koch Industries, Amoco and several private equity
startups. She will continue her key, high-level responsibilities on specific
projects such as the Texas Clean Energy Project (TCEP), a 400MW "NowGen"
Integrated Gasification Combined Cycle (IGCC) facility that will incorporate
carbon capture, utilization and storage (CCUS) technology in a
first-of-its-kind commercial clean coal power plant.
In conjunction with the COO appointment, Ms. Banks will also serve on a newly
formed Summit Executive Committee, comprised of CEO/President Eric Redman,
Executive Vice President-Projects Thomas Cameron, and Ms. Banks. Together the
three executives will make decisions related to three key areas of the
company: operations, business and project development, and financing.
Summit also announces that Mr. Dana C. Zentz and Mr. Karl E. Mattes have been
promoted to Senior Vice Presidents. Together with other key managers, they
serve as part of the leadership team to strategize and execute key projects
and contracts, both domestic and international.
Prior to joining Summit, Mr. Zentz founded Inland Energy Consulting, which
assisted utilities, IPP's, and energy merchant firms with strategic and
commercial matters. He has specific expertise in pricing, structuring and
negotiation of long and short term natural gas and power supply agreements.
He currently oversees all of Summit's solar development activities. Mr. Zentz
holds engineering degrees from the University of Idaho and Washington State
Mr. Mattes has held positions in a variety of disciplines with more than two
decades' experience in the power industry alone. His experience in design,
procurement, equipment manufacturing and construction provides a unique
skillset for negotiation of the high-level construction and key component
contracts for TCEP. He holds a Bachelor of Science in Mechanical Engineering
from the University of Wisconsin-Milwaukee.
"Summit's ambitious plans and expanded power development efforts include a
focus on post-combustion capture of CO2, with utilization and sequestration of
the CO2 via Enhanced Oil Recovery ("EOR")," said Ms. Banks. "Projects such as
these will be game changers for they address the unmet demand for CO2 for EOR
in the oil industry and carbon capture technology is one way for power plant
owners to comply with proposed rules to regulate CO2. The time is right for
this joint solution and we have the right team to execute."
About Summit Power Group, LLC
Summit Power Group, LLC is a project development company that specializes in
high-efficiency natural gas-fired power projects, carbon capture projects for
enhanced oil recovery (EOR), and utility-scale photovoltaic solar and wind
power projects. Led by experienced professionals with an extensive knowledge
of the energy industry in the United States and abroad, Summit has a
remarkable track record of developing large, low-carbon energy projects with
over 7,000 megawatts of electric power plants in operation, and over 2,000 MW
in development or under construction. Total Summit-led projects in service or
under contract, including O & M agreements, represent over $7 billion of
SOURCE Summit Power Group, LLC
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