New CFO to guide financial strategy as Avantus expands clean energy delivery across the West
EL DORADO HILLS, Calif.–(BUSINESS WIRE)–Avantus, a premier U.S. developer of utility-scale solar and solar-plus-storage projects, announced that David Flory has been appointed as the company’s Chief Financial Officer. Flory will lead the financial strategy as the company continues to grow its strong development pipeline and operating asset portfolio.
“As we evolve from a pure developer of solar and storage to a project owner and operator, we are lucky to have an experienced and dedicated practitioner like David guiding our journey,” said Cliff Graham, Chief Executive Officer at Avantus. “David brings a depth of expertise across all aspects of corporate and project financing that will prove invaluable to our next phase of growth.”
Flory brings nearly 30 years of experience in energy finance, spanning corporate and project finance, private equity, and M&A. Most recently, he served as Executive Vice President and Global Head of Project Finance at Sonnedix, where he led the financing of more than $10 billion in solar projects across the U.S., Chile, Europe, and Japan. Earlier in his career, Flory held several senior leadership roles at AES Corporation, including Vice President of Project Finance at its solar subsidiary, Silver Ridge Power.
“With a mature pipeline in high-value markets, strong investor support and clear leadership under Cliff, Avantus is uniquely positioned to meet surging demand for clean, reliable and affordable energy,” said Flory. “I’m excited to work alongside such an impressive and mission-driven team to scale the business and bring more projects online in the months and years to come.”
Flory’s appointment builds on recent momentum at Avantus, following a series of recent milestones including a majority equity investment from KKR, the appointment of CEO Cliff Graham and the addition of Venkatesh Inti as Chief Development Officer. With approximately 30 gigawatts of solar and 94 gigawatt-hours of energy storage under development across California and the Southwest, Avantus is advancing one of the largest clean energy portfolios in the country.
About Avantus
Avantus is shaping the future by making reliable, low-cost clean energy a reality. Our legacy of leadership in next generation solar energy includes developing one of the nation’s largest solar clusters and one of the first projects to beat fossil fuel prices back in 2016. Today, we are expanding the boundaries of existing technologies to build one of the largest portfolios of solar plants with integrated storage, capable of providing 20 million people with affordable, zero-emission energy – day and night.
For more information, please visit www.avantus.com, and follow Avantus on LinkedIn.
Contacts
MEDIA CONTACT
Katie Struble
Vice President, Corporate Communications
press@avantus.com
