CST: 10/12/2016 10:29:16   

Ice Energy Hires Charles Costenbader as CFO

338 Days ago

Executive Brings 25 Years of Top-Level Financial, Strategic Growth, and Utility Experience

SANTA BARBARA, CA--(Marketwired - Jan 6, 2016) - Ice Energy, the leading provider of distributed thermal energy storage solutions, has hired Charles Costenbader as its new Chief Financial Officer. His addition to the executive team comes at a time of accelerated growth in revenue and projects for the company, including expansion both domestically and internationally as it transitions to full-scale commercial operation.

Costenbader most recently served as Chief Operating Officer of Synthesis Energy Systems, based in Shanghai, China. Prior to that he was Chief Financial Officer. He has 25 years of physical asset operations and commodity risk management experience in the power generation, refining, natural gas storage, biofuels, and renewable energy sectors. This includes 10 years in the Structured Finance Group of GE Capital and energy commodities at Macquarie Bank.

"We are fortunate to be able to bring in someone as talented and accomplished as Charlie Costenbader as our CFO," said Mike Hopkins, CEO of Ice Energy. "His breadth of experience, both financially and operationally, is the perfect fit for where our company is going. We've seen our business surge over the last year, including major project wins from Southern California Edison and others. Charlie has the right mix of credentials and relationships to help us secure growth capital and project financing, as well as drive the company forward."

"I'm very excited to join the Ice Energy team at a time when the storage industry is experiencing extraordinary growth," said Costenbader. "We have the only field-proven, reliable and cost-effective energy storage solution on the market today, and we're well positioned for significant expansion. It's a pleasure to become a member of this team and help guide our growth."

Costenbader is a licensed Professional Engineer with a B.S. in Mechanical Engineering from Lafayette College and an MBA from Columbia University.

About Ice Energy

Ice Energy is a leading energy storage provider for the grid. Its Ice Bear units deliver behind-the-meter thermal storage for HVAC systems, providing peak capacity to over 40 utility service territories nationwide. With contracts to deliver 25.6 MW of storage to Southern California Edison in partnership with NRG Energy, a 5 MW contract in Riverside, California, and an additional 100+ MW in the sales pipeline, the company is expanding quickly in the U.S. and internationally.

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Contact:

Gene Hunt
Trevi Communications for Ice Energy
office: 978-750-0333
email: Email Contact