#USA #Syrcuit Energy #Glen Davis #Erik Olbeter #Greeley, Colorado

Syrcuit Energy Solutions Welcomes New Board Members

In a significant move for its growth strategy, Syrcuit Energy Solutions, Inc. recently announced the appointment of two esteemed professionals to its board of directors. Effective from November 1, 2024, Glen Davis and Erik R. Olbeter, CFA will join the board, bringing together over 50 years of invaluable experience in the energy sector. This strategic decision marks a new chapter for Syrcuit as the company focuses on expanding its portfolio of renewable energy projects.

Who are the New Directors?

Glen Davis has a rich history in the renewable energy field, formerly serving as the CEO and Director of Sunfolding, Inc., a company known for its innovative solar tracking technology. Prior to that, he held the position of President and CEO at Renewable Energy Systems (RES) Americas, where he was integral in steering corporate strategy, conducting technical and financial analyses, and managing mergers and acquisitions. His expertise encompasses navigating both regulated and unregulated markets, positioning him as an essential asset for Syrcuit as it seeks to expand its project development capabilities.

Davis also has a proven track record in creating valuable partnerships within the renewable energy sector, which will undoubtedly facilitate Syrcuit's future ventures.

On the other hand, Erik R. Olbeter comes from a comprehensive background that includes co-founding Innovas, a private firm aiding the US government in technology acquisition, particularly in security and defense. His financial aptitude helped grow Innovas’s revenue from around $1 million to nearly $40 million. Prior to this, Olbeter was a Senior Vice President at ICF International, leading a team of over 200 consultants focused on energy advisory services related to both traditional and renewable markets. His experience on Wall Street as an energy and technology analyst adds another layer of depth to the board.

A Vision for Growth

In expressing his excitement about the new appointments, Craig Rasmuson, CEO and Founder of Syrcuit, stated, "We are extremely excited to have Glen and Erik joining the Syrcuit Board. These seasoned energy executives bring tremendous insight, experience, and passion to complement our existing board members. The company is entering a growth phase and the new Directors' guidance will help Syrcuit navigate this next chapter." This comment underscores the board's commitment to steering the company effectively through its anticipated growth period.

With the addition of Davis and Olbeter, Syrcuit's management team and board now boast over 250 years of collective experience in the energy sector. This wealth of knowledge is expected to be a key driver for the company's future success.

Currently, Syrcuit is in the process of concluding its second round of private placements. The firm eagerly anticipates providing updates to its shareholders in an upcoming meeting scheduled for December 20, 2024.

About Syrcuit Energy Solutions, Inc.

Established as a prominent renewable energy developer in the Rocky Mountain Region, Syrcuit specializes in solar, wind, and battery storage projects aimed at utilities and direct sale opportunities. The company has formed strategic partnerships and amassed a robust local network to capitalize on the region's growing renewable energy market. Boasting a current portfolio comprising 4.3 Gigawatts of utility and community-scale projects, with 1.1 Gigawatts in initial development stages, Syrcuit continues to pursue its mission as a leading local provider of renewable energy solutions for its stakeholders.

For further details or inquiries, visit Syrcuit’s official website.