NES 2012 - Jim Rice


Jim Rice
Chief Executive Officer
Nautilus Solar Energy

Jim Rice, Chief Executive Officer, is a co-founder of Nautilus Solar Energy, LLC. He is an energy industry professional with over 30 years experience in the sector. He has operated, financed and invested in energy assets during his career. He has experience leading numerous M&A, corporate finance, and merchant banking transactions relating to mergers, acquisitions, divestitures, joint ventures, and public & private fund-raising. Prior to developing Riverstone/Carlyle's power sector private equity effort from 2002-2004, Mr. Rice was a Managing Director and Group Head leading Wachovia Securities' Utility & Power Technology Group from 2000-2002. Prior to Wachovia, Mr. Rice was a Managing Director in the Natural Resources & Power Group at J.P. Morgan & Co. He began his career on Wall Street at Goldman, Sachs & Co. from 1988-1994. Mr. Rice served as a nuclear-trained U.S. Naval Officer, serving onboard the ballistic missile submarine USS Simon Bolivar (SSBN 641). He has a BS in Mathematics (Operations Analysis) from the United States Naval Academy and a MBA in Finance and Marketing from the Wharton School at the University of Pennsylvania.


About Nautilus Solar Energy

Founded in 2006, Nautilus Solar Energy, LLC ("Nautilus Solar" or "NSE") is a privately-owned solar power generation independent power producer headquartered in Summit, New Jersey. Nautilus Solar does business throughout North America, focusing on the Mid-Atlantic and Northeast regions in the United States and the Ontario Region in Canada. Nautilus Solar has broad experience and success with government, commercial and utility clients.

Nautilus Solar develops, constructs, finances, owns and operates distributed generation and utility-scale solar electric systems. Nautilus Solar sells all of the electricity it generates either directly to the end-user, in the case of distributed generation projects, or to utilities, in the case of wholesale projects, through long-term power purchase agreements. Under this model, Nautilus Solar is able to provide solar energy services while eliminating upfront capital investment and ongoing operational and maintenance costs. For the distributed generation customer, Nautilus Solar designs and installs solar generating systems on the customer's rooftop or property. Nautilus Solar is responsible for all capital expenditures, long-term ownership, and operation and maintenance of the solar system. Nautilus Solar retains and monetizes the state incentives (rebates, renewable energy certificates, etc) and tax credits.


 

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