Chicago – Aug. 23, 2024 – Hecate Grid today announces that it has appointed Chris McKissack as Chief Executive Officer (CEO), effective immediately. Jay Crawford, Head of Asset Management in the Americas at InfraRed Capital Partners (“InfraRed”), who has been acting as interim CEO, will return to his role on the Hecate Grid Board of Managers.
Prior to Hecate Grid, Chris was Chief Executive at GlidePath Power Solutions, a renewables and battery storage company. An established energy storage veteran, Chris joined GlidePath in 2014 to develop some of the earliest battery storage projects in the country and spent a decade in rising leadership roles across the organization. Previously, Chris spent six years at Lincoln Clean Energy (now Ørsted Onshore) holding lead roles in development, engineering, transmission, procurement and construction of renewable projects.
Hecate Grid is a first-mover in the development, ownership, optimization, and operations of standalone battery energy storage systems (“BESS”) in the U.S., with 300 MW of operating and in-construction projects, and a 5 GW pipeline of strategically-sited BESS development projects across multiple U.S. markets. Chris’ appointment comes at an important juncture for Hecate Grid, as its diversified development pipeline is maturing into a significant portfolio of construction and operating projects.
Jay Crawford, Partner and Head of Asset Management in the Americas, InfraRed, said:
“The appointment of an individual of Chris’ calibre is testament to the strength of the Hecate Grid platform. Chris will bring his extensive experience to bear across the business, with a focus on the continued conversion of our development pipeline into construction and operational projects. We look forward to working with Chris to deliver our next phase of growth.”
Chris McKissack, CEO, Hecate Grid, said:
“Energy storage has already demonstrated its vital market and reliability role across the grid, and the need to deploy storage is going to continue increasing as the energy transition progresses and renewable generation capacity rises further, and aging infrastructure retires. Hecate Grid has significant growth opportunities and is well-positioned for success; I’m excited by the opportunity to work with its talented team to achieve its potential.”
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About Hecate Grid
Launched in 2018, Hecate Grid is an independent power producer focused on developing, building, owning, and operating stand-alone energy storage projects. Originally incubated within the renewable energy development firm Hecate Energy, Hecate Grid is now a stand-alone business funded by international investment manager InfraRed Capital Partners Limited, which manages US$14 bn+ of equity capital. Hecate Grid has an active project pipeline of over 5 gigawatts of energy storage projects in development throughout the U.S.
For more information on Hecate Grid, please visit www.hecategrid.com.
About InfraRed Capital Partners
InfraRed Capital Partners is an international infrastructure asset manager, with more than 160 professionals operating worldwide from offices in London, Madrid, New York, Sydney and Seoul. Over the past 25 years, InfraRed has established itself as a highly successful developer and steward of infrastructure assets that play a vital role in supporting communities. InfraRed manages US$13bn of equity capital[1] for investors around the globe, in listed and private funds across both core and value-add strategies.
A long-term sustainability-led mindset is integral to how InfraRed operates as it aims to achieve lasting, positive impacts and deliver on its vision of Creating Better Futures. InfraRed has been a signatory of the Principles of Responsible Investment since 2011 and has achieved the highest possible PRI rating[2] for its infrastructure business for eight consecutive assessments, having secured a 5-star rating for the 2023 period[3]. It is also a member of the Net Zero Asset Manager’s Initiative and is a TCFD supporter.
InfraRed is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. InfraRed represents the infrastructure equity arm of SLC Management, which also incorporates BGO, a global real estate investment management adviser, and Crescent Capital, a global alternative credit investment asset manager.
[1] [1] $13bn equity under management (USD) – Uses 5-year average FX as at 31st March 2024 of GBP/USD of 1.2839; EUR/USD 1.1179. EUM is USD 12.927m.
[2] Principles for Responsible Investment (“PRI”) ratings are based on following a set of Principles, including incorporating ESG issues into investment analysis, decision-making processes and ownership policies. More information is available at https://www.unpri.org/about-the-pri
[3] In the 2023 Principles for Responsible Investment (“PRI”) assessment, InfraRed achieved a 5 star rating for the Policy Governance and Strategy and Infrastructure and a 4 star rating for the newly created Confidence Building Measures. Please find InfraRed’s report available for download on our website here: https://www.ircp.com/sustainability/
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Hecate Grid