Press Release: Peter Shattuck Joins Anbaric Development Partners
Long-time Clean Energy Advocate, Peter Shattuck, Joins Anbaric Development Partners As VP
Wakefield, MA, October 18, 2017 – Anbaric Development Partners, an Ontario Teachers’ Pension Plan (OTPP) platform company, announced today that Peter Shattuck, a long-time advocate for clean energy, has joined the company as a Vice President, Special Situations.
Shattuck will be joining Anbaric Development Partners to support investments in transmission and microgrid infrastructure projects currently under development, campus energy infrastructure, and existing energy infrastructure that can be transformed through significant capital investments.
“We are thrilled to have such a long-time advocate for clean energy projects and clean energy policy join our team,” said Ed Krapels, CEO of Anbaric Development Partners. “He brings extensive experience, and clean energy know-how to help us move forward quickly on a range of exciting investments in clean energy,” Krapels added.
Soam Goel, ADP’s Partner for Special Situations, said, “Peter brings a deep understanding of the clean energy space and experience in the multi-stakeholder process in energy infrastructure development. His contributions are going to be invaluable in supporting our growth.”
Shattuck, a graduate of Yale University and Trinity College in Dublin, has spent 9 years as Massachusetts Director and Director of the Clean Energy Initiative at Acadia Center, an organization committed to advancing the clean energy future. At Acadia Center, Shattuck worked on clean energy procurement, microgrids and transmission policy through strategic collaboration with large energy users, clean energy project developers, utilities, and other stakeholders. He has also been a guest lecturer at Harvard University, Northeastern University and the University of Rhode Island.
“The team at Anbaric Development Partners has a deep understanding of clean energy and the benefits to climate change action,” Shattuck said. “Anbaric also has a proven track record of developing innovative projects to enable renewable energy growth. I am excited to join the team and work on developing the next wave of projects to deploy microgrids for large energy users and transmission to unlock our vast renewable energy potential.”
For more information on Anbaric Development Partners, please visit www.anbaricdevelopmentpartners.com.
About Anbaric Development Partners:
Anbaric is headquartered in Wakefield, Massachusetts, and has a track record of leadership in developing competitively selected High Voltage Direct Current (HVDC) transmission projects. Anbaric is also developing a series of large microgrids, also known as distributed energy systems, or non- transmission alternatives.
About Ontario Teachers’ Pension Plan:
The Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan, with CAD$180.5 billion in net assets as of June 2017. It holds a diverse global portfolio of assets, 80% of which is managed in-house, and has achieved a long-term average rate of return of 10.3% since inception in 1990. Ontario Teachers’ is an independent organization headquartered in Toronto. Its Asia-Pacific region office is located in Hong Kong and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded, invests and administers the pensions of Ontario province’s 316,000 current and retired teachers. For more information, please visit www.otpp.com.