#United States #San Francisco #Generate Capital #David Crane #Scott Jacobs

Generate Capital's New Leadership: David Crane Takes the Helm

Generate Capital, PBC, a prominent player in sustainable infrastructure investment, made a significant announcement on September 2, 2025, with the appointment of David Crane as its new Chief Executive Officer and Chairman of the board. This development marks a pivotal moment as the firm seeks to adapt to the dynamic changes within the energy sector.

Crane takes over the reins from Scott Jacobs, one of Generate's co-founders, who has successfully led the company for over a decade. Under Jacobs’ guidance, Generate has emerged as a leader in the energy transition, recognized for its robust financial performance and commitment to sustainable infrastructure. Jacobs' tenure has been characterized by innovation and growth, laying a solid foundation for the future.

During the handover, Richard Kauffman, the former Chairman and current Independent Director of Generate Capital, expressed gratitude for Jacobs’ visionary leadership. Kauffman stated, "We are deeply grateful to Scott for more than a decade of visionary leadership that built Generate into a trusted partner in sustainable infrastructure. Today, the Board is excited to welcome David into the CEO role. Generate was founded on the belief that combining operators and investors creates the best opportunity to deliver value to shareholders and fund investors while advancing the energy transition."

David Crane, the newly appointed CEO, emphasized his enthusiasm for joining Generate, citing its operational excellence, commitment to the energy transition, and strong team as key factors in his decision. He highlighted, "Our core strengths—an operator's mindset, strong balance sheet, capital flexibility, and deep market insight—are especially valuable in today's environment. In the near term, we will focus on maximizing value in our portfolio, investing in high-performing assets, and building our credit business. I am honored to lead Generate in this next phase and committed to delivering long-term value to our stakeholders."

Crane brings with him over twenty years of experience in the energy industry. His impressive track record includes serving as CEO of five publicly traded energy firms, where he garnered accolades such as the Energy Industry CEO of the Year by EnergyBiz in 2010 and recognition as a top CEO in the energy sector by Institutional Investor in 2011. Before joining Generate, he played a significant role as the Under Secretary for Infrastructure at the U.S. Department of Energy, demonstrating his commitment to impactful energy policies.

Crane's experience extends beyond the U.S. as he has served on the boards of international companies such as JERA Co., Inc, and has held director positions at Saudi Electric Company, ACWA Power, and Tata Steel. A graduate of Harvard Law School and Princeton University, Crane is well-equipped to navigate the challenges and opportunities in the evolving energy landscape.

As a multi-strategy investment platform, Generate Capital focuses on building, owning, and operating critical infrastructure in six key sectors: power, mobility, waste, green digital solutions, water and agriculture, and industrial decarbonization. Since its inception in 2014, the firm has raised over $14 billion, demonstrating its capacity to provide resilient and affordable solutions that meet the increasing demand for power and sustainable resources.

In conclusion, Crane's appointment signals a new chapter for Generate Capital as it aims to enhance its strategic focus within the energy transition and continue its growth trajectory. With a commitment to sustainable practices and a strong investor-driven approach, Generate is positioned to play a crucial role in shaping the future of energy infrastructure, ensuring long-term value for its partners, investors, and the communities it serves. - For more information, visit Generate Capital's website.