Spring 2021: BSG Completes Another Successful Executive Search— Director of Project Operations, Spring Lane Capital
Kenneth Horne joins Spring Lane Capital as an experienced leader in the sustainable /renewable energy industries. His 20+ years of experience have allowed him to hone his skills in project management, client relations and both technical and financial energy investment due diligence. He has extensive experience in various technologies such as solar, storage, CHP, anerobic digestion, electric vehicle charging, virtual power plants, microgrids and more.
Most recently Ken worked with Guidehouse (formerly Navigant) as a Director providing advisory services to electric utility clients. Ken holds a BA degree and a BS degree in Mechanical Engineering from Iowa State University, and a Master’s degree in Engineering from University of Houston.
About Spring Lane Capital:
Spring Lane Capital with more than $150M in Assets Under Management, offers a new approach to faster growth for companies that deploy smaller-scale projects and equipment. With their Integrated Deployment Capital model, they partner with entrepreneurs in the energy, water, food and waste industries to help them offer their customers what they really want: solutions, not complications.
Spring Lane Capital partners with strong management teams who are selling or using distributed assets with compelling customer economics in the energy, water, food and waste sectors. Within these sectors, the firm focuses on solutions that have significantly positive impacts on the sustainability of the world’s natural resources, which the firm believes offer advantaged long-term benefits economically and socially.
Spring Lane Capital’s unique “Catalytic Project Capital” approach combines project equity for small-scale systems and projects across the energy, food, water and waste markets, along with additional growth capital to support the teams that they partner with at the corporate level.
Spring Lane’s model is to establish “project pools” (typically, $15-30M initially) that own distributed assets on behalf of growing platform companies. These pools of capital will enable repeatable asset deployment by these companies under pre-arranged structures, and often provide an ongoing revenue stream back to the platform company for continued support and service of the assets.
Having this committed pool of capital available to finance assets enables these platform companies to focus on what will help them drive growth: Solving customer problems. It can allow the platform company to offer their solution as an onsite service, for example, while simply asking customers to sign long-term contracts instead of having to pay up front for the onsite systems themselves. For other companies they partner with, the pool of capital is used for building multiple smaller-scale production facilities.
And as a key part of Spring Lane’s Catalytic Project Capital model, they simultaneously support the platform companies themselves with additional corporate growth capital (typically about 10-20% of the size of the initial project pool). Through experience, their team has found that providing both project pools and corporate support simultaneously helps create strong alignment with the management teams that they partner with, and it also enables them to be in a strong position to help these teams succeed however they can.
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