Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Nathan Jovanelly who is the head of business development from Enerflo and the owner of Jovanelly LLC. Enerflo is a platform for Solar Sales and Operations and has processed $2 Billion in solar transactions to date. Nate speaks about his 2023 solar predictions and how technology is going to accelerate solar deployment.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating
the long-term energy and environmental commodities off-take agreements. He manages due
diligence processes on land, permitting, and utility interconnection and is in charge of financing
and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy
composes teams suitable for all project development and construction tasks. He is also involved
in project planning and pipeline financial modeling. He has been part of all sides of the
transaction and this allows him to provide unique perspectives and value. Benoy has extensive
experience in financial engineering to make solar projects profitable.
Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity which merged with Tesla in 2016. He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity to move into the east coast markets.
Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
Nathan Jovanelly
Nathan Jovanelly is the head of business development at Enerflo. Nate joined Enerflo because he believes everyone should have access to affordable green energy. At Enerflo they are helping their solar partners increase efficiencies and cut costs by creating a seamless customer journey from lead to PTO.
Enerflo gives your reps the most unified solar sales process in the industry. One platform, one login, one seamless experience across the entire solar customer journey.
They’re on a mission to help democratize solar energy and spread it across the globe, one well-executed deal at a time.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Nate Jovanelly
Linkedin: https://www.linkedin.com/in/natejov/
Website: https://enerflo.com
Solar Maverick and Reneu Energy Summer Solstice Networking Event
https://www.eventbrite.com/e/summer-solstice-networking-event-tickets-629223292807
Press release regarding Nate joining Enerflo.
https://www.prnewswire.com/news-releases/nathan-jovanelly-joins-enerflo-as-head-of-business-development-301463017.html
Nate’s other interviews on the Solar Maverick Podcast
SMP 131: How Technology and Software are innovating the Solar Industry?
https://solarmaverick.podbean.com/e/smp-131-how-technology-and-software-is-innovating-the-solar-industry/
SMP 100: US Residential Solar, Storage, and Electric Vehicle Trends
https://solarmaverick.podbean.com/e/smp-100-us-residential-solar-storage-and-electric-vehicles-trends/
SMP 74: Impact on COVID-19 on Residential Solar
https://podcasts.apple.com/us/podcast/smp-74-impacts-of-covid-19-on-residential-solar/id1441876259?i=1000475840259
SMP 58: Residential Solar Financing and Other Interesting Topics
https://podcasts.apple.com/tc/podcast/smp-58-residential-solar-financing-other-interesting/id1441876259?i=1000459212910
SMP 20: The Solar Intrapreneur Story: How Nate helped IGS become one of the biggest solar asset owners in the US
https://podcasts.apple.com/tc/podcast/smp-20-solar-intrapreneur-story-how-nate-helped-igs/id1441876259?i=1000432329129
SMP 18: Financing Platform for Renewable Energy Projects
SMP 17: Solar Engineering and Advice for Entrepreneurs looking to grow successfully in the solar industry
SMP 16: Solar Power Growth and Entrepreneurship Goal Setting in 2019
SMP 15: Colombia Solar Market Discussion with Benoy and Li
SMP 14: How Institutional Investment Capital is Transforming the Renewable Energy Market with Thom Byrne
SMP 13: How to develop a great solar project and many other interesting topics about solar and entrepreneurship with Jim Spano from Spano Partners
SMP 12: Secrets of the Latin America Solar Market with Rik Teeuwen
SMP 11: The marriage of roofing and solar: Innovative and economic solutions with Daryl Pilon and Bob Burwasser
SMP 10: Li and Benoy talk about their experiences as entrepreneurs
SMP 09: How David started his solar company with David Magid from YSG Solar
SMP 08: How companies are reaching 100% renewable energy goals with Benoy and Li
SMP 07: Getting down to Earth with Solar: Construction, quality control and O&M insights from Chris Grablutz
SMP 06: Why solar is a great industry to work in with Suzanne Waters from Reneu Energy
SMP 05: Common Myths of Solar Energy
SMP 04: Strategies to Acquire Commercial & Industrial Solar Customers and the NJ Solar Market with Alex Rivera from Vanguard Energy Partners
SMP 03: Innovative Solar Financing Solution with Abinash Tiwari from Blue Flame Energy Finance
SMP 02: Solar with Sports Teams with Benoy and Li
SMP 01: Introduction to the Solar Maverick Podcast with Benoy and Li
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