SOLAR | BIOGAS | WIND | HYDROGEN | FUEL CELL | STORAGE
Business Overview
Captona is a North America-focused investment company dedicated to Decarbonization and the Energy Transition. Captona invests in late stage, utility-scale renewable energy and clean fuels projects across North America with a focus on solar, storage, wind, fuel cell, RNG and hydrogen technologies.
Since inception, the Captona team, through its impact-focused approach, has deployed north of $2 billion of equity and debt capital to construct, acquire, and operate its 30+ infrastructure assets across North America.
As an investor, owner, and operator, Captona possesses the capabilities and resources to pursue the diverse mix of generation assets necessary to best serve the demands of an ever-changing energy landscape. Captona caters to institutional investors with a long-term investment horizon that seek secure, diversified cash-yielding assets as well as preferred minority stake positions.
SOLAR
Utility-scale and C&I PV
BIOGAS
Conventional and Gasification Technologies
WIND
Utility-scale Onshore Wind
HYDROGEN
Blue and Green Hydrogen Technologies
FUEL CELL
Fuel Cell Technologies
STORAGE
Battery Storage Technologies
About Us
We own, operate, and co-develop quality energy infrastructure assets.
Captona was founded in 2015 to actively participate in the energy transition by making impactful, carbon-reducing investments that generate attractive market returns. To make this goal a reality, we have assembled a team with deep sector understanding, internal technical capabilities, and investment know-how across multiple technologies.
The Captona team brings extensive development, construction, operations, acquisitions, and financing expertise to its investments. We are passionate about our sector. We are entrepreneurial in culture. We work tirelessly for our investors, our people, and our environment.
Number of Projects
32
Sites
Pipeline Opportunities
3+
GW
Geographies
North
America
Core Team
DEAL TEAM
Izzet Bensusan
Managing Partner & Founder
Bio
Izzet Bensusan is a Managing Partner & Founder of Captona. He brings several years of expertise in investing, transacting and managing power assets in the emerging sectors of Wind, Solar, Hydro, Biomass, Storage and other new energy sectors.
At Captona, he has built a strong team with deep sector understanding, internal technical and asset management capabilities, and investment expertise across multiple technologies. This integrated, multi-disciplinary approach has allowed Captona to be a more effective operator and selective investor of development and operating-stage assets in the power generation and energy infrastructure sectors.
Prior to Captona, he founded Karbone, an award-winning financial services company focused on renewable and traditional energy markets. Since inception over a decade ago, Karbone has serviced utilities, energy developers, institutional investors, and investment firms via its Banking Capital Advisory, Brokerage and Research divisions.
He holds an MBA from Columbia University and a BA/MA from Brandeis University.
Roshni Mali
Managing Partner
Bio
Roshni Mali is a Managing Partner of Captona, where she supports the development of investment opportunities and leads the acquisition process. Roshni is also responsible for the team’s asset management, strategy, and market analysis of Captona’s portfolio.
Roshni has 7 years of experience in the energy sector, where she interfaced with investors, developers and counsel to successfully execute on over 20 transactions. Roshni has managed close to $800MM in equity, tax equity, construction and term debt closings. Prior to Captona, she worked on Karbone’s Capital Advisory team underwriting a range of power projects for potential investors.
She holds an MS from Columbia University, and a BSc from McGill University.
Boris Bernstein
Partner & CFO
Bio
Boris Bernstein is the Chief Financial Officer at Captona. Boris has over 12 years of accounting, tax, and finance experience in the US and Canada specializing in the asset management, renewable energy, technology, and mining sectors.
Boris has held senior accounting and finance leadership roles within the energy sector for over 5 years. He built, transformed, and managed finance departments using technology investments and refinement of internal controls and processes across multiple functional areas. He worked on cross border M&A transactions, capital investment analysis in energy projects, and US and foreign tax planning and financial reporting under US GAAP, IFRS, and Luxembourg GAAP.
He is a Certified Public Accountant and holds a Bachelor of Accounting and Financial Management and a Graduate Diploma in Accounting from the University of Waterloo.
Greg Owens
Director
Bio
Greg Owens is Captona’s lead originator, and he is responsible for sourcing high quality, diversified projects through his long-term relationships in the industry.
Greg has over 10 years in the energy industry with a focus on energy-transition related transactions. Prior to Captona, Greg led origination and execution activities as Vice President of Karbone Capital Markets for 5 years where he sourced and structured more than $400MM in tax equity and ran numerous buy/sell side mandates across technologies on behalf of notable industry participants.
He holds an MBA from Columbia Business School and received his BA from the College of the Holy Cross.
Brad Wallace
Origination
Bio
Brad Wallace is part of the Originations team at Captona. He is responsible for business development of ITC and PTC tax equity transactions nationwide. Brad has over 5 years of experience originating deals in the renewable energy space. He holds a Bachelor of Science from the Massachusetts Maritime Academy and a Master of Science from Northeastern University.
Ryan Browne
Senior Associate
Bio
Ryan Browne is a Senior Associate at Captona where he is responsible for principal investing and financial structuring of the Captona portfolio. His primary responsibilities include evaluation and structuring of investment transactions. His experience is concentrated around structured finance and valuation analysis within the renewable energy industry.
Ryan was previously a Senior Analyst on the Capital Markets team at Clearway Energy Group, a developer and operator of clean energy in the United States, focusing on tax equity, construction debt, term debt and sponsor equity financings. Prior to Clearway, he worked in the Economic and Valuation Services group at KPMG.
Ryan received a BS in Finance and a minor in Economics from the Pennsylvania State University and is a CFA® charterholder.
Matt Schweizer
Senior Investment Analyst
Bio
Matt Schweizer is a Senior Analyst at Captona. He supports the financial evaluation and structuring of investment transactions. His experience is in financial analysis and acquisitions within the renewable energy industry. Matt also oversees the on-boarding of investments onto our O&M platform.
Prior to joining Captona, he was a financial analyst at Soltage, a solar developer and owner/operator, where he focused on the evaluation and structuring of solar and storage project transactions.
Matthew holds a BS in Financial Management and Accounting from Clemson University.
Liam Wrean
Associate
Bio
Liam Wrean is an Associate on the Investment team at Captona. He is responsible for deal evaluation and the structuring of investment transactions. In addition, Liam has a particular focus on Captona’s debt capital markets activity. He has experience evaluating more than a GW of asset acquisitions and project finance transactions in the renewable energy space.
Prior to Captona, Liam worked at Distributed Solar Development where he valued commercial, industrial and community solar and storage portfolios.
Liam holds a BS in Mechanical Engineering from Columbia University and a BA in Physics from Georgetown University.
Louie Reckford
Policy and Regulatory Manager
Bio
Louie Reckford is a Policy and Regulatory Manager at Captona. He is responsible for advancing Captona’s policy agenda and monitoring policy and regulatory developments related to Captona’s portfolio.
Louie previously served as a legislative staffer in the United States Senate for five years and as a Policy Advisor at Foreign Policy for America.
Louie holds an M.S. in Global Affairs from New York University and a B.A. in Political Science from U.C. Santa Barbara.
John Maher
Project Manager
Bio
John Maher is a Project Manager at Captona, where he is responsible for project coordination and stakeholder collaboration throughout the construction phase. His primary focus is on the Linden Renewable Energy project, which will convert organic waste into pipeline-quality RNG that can be used to displace fossil fuels.
Prior to joining Captona, John spent nearly 7 years at Skanska, a large-scale construction and development company, where he oversaw project delivery & operations across several sectors.
John holds a BS in Mechanical Engineering from Villanova University.
O&M TEAM
Matt Singley
Senior O&M Manager
Bio
Matt Singley is the O&M Manager at Captona. He is responsible for effective power plant monitoring and performance, operations and maintenance, engineering and reporting. Matt has a deep technical understanding of renewable energy science and technologies. With over 5 years of experience in the PV sector, Matt has led projects all the way from design phase to construction and commissioning.
He holds an MS in Energy Engineering from UMass Lowell and has a BS in Environmental Science from Northeastern University.
William Nobles
Senior Field Service Technician
Bio
William Nobles is a Senior Field Service Technician at Captona. He is responsible for effective power plant monitoring and performance, operations and maintenance, engineering and reporting. Matt has a deep technical understanding of renewable energy science and technologies. With over 10 years of experience in the PV sector, William has been responsible for for the performance of all photovoltaic plant maintenance operations including testing, maintenance, and repair of all minor and major components
He holds a degree from the University of North Carolina.
Nigel Arkais
Senior Asset Manager
Bio
Nigel Arkais is a Senior Asset Manager at Captona. He is responsible for overseeing the performance and maintenance of multiple assets, ensuring their optimal operation and maximum returns. He is committed to delivering results and continuously improving processes to drive the growth of renewable energy in the industry.
Prior to Captona, Nigel was managing solar assets and operations, at Empower Sustainables.
Nigel holds a BS in Mechanical Engineering from the University of Central Florida.
Serdar Soytok
Engineering Advisory
Bio
Mr. Soytok leads the consulting of engineering and development efforts at Captona, through Photon Renewables. He has over 15 years of experience in the energy industry as an engineer and asset manager for Vestas, Koc Holding, Zorlu Energy and Abakus Solar AG. He has developed and/or built over 1 GW of wind power plants and 300 MW of solar power plants. He has managed projects valued over $1.5 BN. He holds a BSc in Mechanical Engineering from Gazi University and an MBA from Galatasaray University.
FINANCE AND TALENT MANAGEMENT
Evelyn Wang
Senior Controller
Bio
Evelyn Wang is a Senior Controller at Captona with over 10 years of accounting and tax experience in both public and private accounting.
Prior to Captona, Evelyn was a Senior Accountant at Cornick, Garber & Sandler, LLP where she focused on financial accounting, auditing, and taxation.
Evelyn earned her B.A in Economics at the University of Maryland and holds an active Certified Public Accountant license.
Davide Rosso
Director of Talent Acquisition
Bio
Davide Rosso is the Director of Talent Acquisition and Management at Captona. Davide is responsible for leading all recruitment efforts across all business lines at Captona.
Prior to Captona, Davide was a Senior Manager at a leading international recruitment agency, where he led a team specialized in the recruitment of Banking & Financial Services professionals.
Davide earned his BA in Economics at Rutgers University.
Elise Pelletier
Senior Associate Talent Acquisition
Bio
Elise Pelletier is a Senior Associate in Talent Acquisition and Management at Captona. She is responsible for executing on recruitment efforts across all business lines at Captona.
Prior to Captona, Elise was a Recruiting Manager at YipitData, where she focused on Data Product, Investment Research, and Corporate recruitment and employee engagement.
Elise earned a BS and MA in Diplomacy & International Relations from Seton Hall University.
Sarah Niermann
Executive Assistant
Bio
Sarah Niermann is the Office Manager at Captona and Executive Assistant to its founder, Izzet Bensusan. She manages the office, plans the company events, and provides administrative support to Izzet. She is also the point person for the building management, vendors, and other business representatives.
Sarah holds an MA from Yale University and a BA from Boston College.
TARGET INVESTMENTS
Captona targets investments in physical assets with attractive merchant or contracted cash flow profiles. We focus our investments across diverse energy infrastructure, including renewable energy and clean fuel assets solar, storage, wind, fuel cell, RNG and hydrogen. The Firm targets acquisitions of late-stage development as well as operating assets where there is substantial opportunity for operational or financial improvement. Captona also targets development opportunities where it can add significant value through its internal development expertise.
SOLAR
Utility-scale, and C&I PV
BIOGAS
Food waste, dairy and landfill Gasification Technologies
WIND
Utility-scale Onshore Wind
HYDROGEN
Green and Blue Technologies
FUEL CELL
Fuel Cell Technologies
STORAGE
Battery Storage Technologies
Current Portfolio
$2Bn AUM Portfolio of Energy Transition Assets across North America, including award-winning projects
PORTFOLIO HIGHLIGHTS
To date, Captona has deployed more than $2 billion of capital to acquire and operate 32 renewable energy projects. Captona has extensive in-house design/engineering experience with expertise across all project development stages. Concurrently, Captona has built an internal operations and maintenance and asset management division which services many of the assets in the Captona portfolio. We believe that these internal capabilities provide a differentiated ability to evaluate opportunities and unlock additional value.
LARGEST FOOD WASTE TO RNG PROJECT IN NORTH AMERICA
Read More
The 1.3 million MMBtu New Jersey food waste-to-renewable natural gas project will convert organic waste from New York City and the Northern New Jersey region into pipeline quality natural gas through proven anaerobic digestion technology. Captona acquired this project with its joint venture partner South Jersey Industries and closed on debt financing in 2023. The project is scheduled to go online in Q1 2026.
The project has a 20-year offtake agreement with an investment-grade counterpart and won the 2023 IJGlobal Energy Transition Deal of the Year. Captona is providing Asset Management and O&M services through its internal service divisions.
LARGE SCALE UTILITY BATTERY PORTFOLIO IN TX
Read More
Captona purchased a minority stake in a 728MW/1.06GWh portfolio of battery energy storage systems (BESS) across Texas, all of which operate in the ERCOT electricity market. The portfolio is comprised of four projects, which range from 100-300MW in nameplate capacity. The projects are all slated to come online in 2024.
Captona bought into the portfolio utilizing its preferred equity financing structure, which allows project developers to maximize the value of tax credits without the need for complicated tax equity partnerships.
AWARD WINNING SOLAR PROJECT IN RI
Read More
At 21.3 MW, Gold Meadow Farms in Cranston, RI, is among the largest solar installations in Rhode Island. Completed in 2019, this solar project has enough electric capacity to power more than 4,164 homes. The project’s offtaker is a municipality in Rhode Island, providing a creditworthy counterpart. The project also participates in the states’ Net Metering Credit program and has a longterm REC contract
This project won Engineering News-Record (ENR) Best Energy/Industrial Project Award in 2019. The project also has service agreements with Captona’s internal O&M and Asset Management divisions.
Careers at Captona
The team at Captona has one thing in common – an unfailing dedication to deliver the very best solution for our clients. Working in an open space, collaboration is one of Captona’s greatest strengths. We strongly believe that the coordinated efforts of our team are always the key to the continued learning environment, creativity and effective execution we deliver.
As our business expands, we are constantly looking for bright, entrepreneurial individuals who share our vision.
Careers at Captona
The team at Captona has one thing in common – an unfailing dedication to deliver the very best solution for our clients. Working in an open space, collaboration is one of Captona’s greatest strengths. We strongly believe that the coordinated efforts of our team are always the key to the continued learning environment, creativity and effective execution we deliver.
As our business expands, we are constantly looking for bright, entrepreneurial individuals who share our vision.
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