CleanTech.Org

I recently worked as an associate for a small private equity firm that specialized in energy M&A transactions. My work focused on the acquisition and development of energy assets - primarily traditional fossil fuel-fired power plants. I began work at Abatis supporting the due diligence process for acquiring these and later moved into a position where I was solely responsible for the pricing/modeling of these extremely complex transactions. Having no previous background in finance, I mastered a steep learning curve and became responsible for developing sophisticated, flexible, comprehensive and user-friendly financial models to provide management with an investment recommendation for the asset’s acquisition and/or development. Through my experience I gained a broad and deep familiarity with valuation techniques, financing structures and energy markets and proved my ability to adapt and learn quickly in a fast-paced, mercurial environment.

During my undegraduate study at Columbia, I took graduate level courses in energy sources and conversion and had the opportunity to work on a really fantastic biodiesel research project with a group of undergraduate students. In short, we retrofitted a Lister engine to run off unprocessed vegetable oil with the hopes of providing a stand-alone method of electricity production to rural areas in Africa and India that have no direct access to traditional fuel sources. This research and coursework definitively sparked my interest in the mechanics and economics of energy production.

I am looking to leverage my former education, research, and work experience and make a transition into the clean energy industry. Specifically, I am interested in the emerging technology underlying renewable energy production and the demand/consumption response that the commercial and residential sectors can implement to reduce energy demand.

STEPHEN CARL NOLEN
519 East 82nd Street Apt. 3C
New York, NY 10028
(917)-373-5280
carlnolen@gmail.com

EDUCATION
Columbia University, School of Engineering and Applied Science
New York, NY
Bachelor of Science, Cum Laude, Mechanical Engineering, May 2006
GPA: 3.73

EXPERIENCE
Abatis Capital, LLC (formerly AllCapital (US), LLC)
New York, NY
Associate, Pricing and Analytics
July 2007–June 2009
• Team member of Abatis/Deutsche Bank joint venture to acquire North American energy assets
• Led development of extremely customized, sophisticated and flexible models for power generation opportunities, including development opportunities
• Coordinated with multiple groups such as asset specialists, debt financing experts, investment bankers, and tax advisors to incorporate diverse pricing information into investment recommendations
• Presented valuation models and investment recommendations to upper management and outside parties
• Experience with complex financing structures, hedging and tolling structures, power purchase agreements, capacity markets, tax and accounting measures, etc.

Transactions:
• Coinvestor and developer of combined cycle generating facility in New York City of ≈$1.3B
• Bid for modern coal-fired power facility in Maryland of ≈$400MM
• Bid for peaking generation facility in Long Island of ≈$100MM

Analyst, Infrastructure and Energy/Pricing and Analytics
• Analyzed reports for energy prices, commodity prices, capital expenditures, and operation and maintenance costs to input into firm’s proprietary model
• Conducted financial and engineering due diligence for energy assets focusing on asset's role in the power market, revenue generation and costs
• Built large due diligence database and supported Vice President of Infrastructure in quantitative analysis

Transactions:
• Acquisition of portfolio of generation facilities from Con Edison of ≈$1.5B
• Bid for Ravenswood steam generation power facility in New York City

Accenture
New York, NY
Analyst, SAP Global Business Solutions
May 2006–June 2007
• Led development of People-Centric User Interface (PCUI), a user interface to improve vendor management, for PepsiCo North America
• One of five people at Accenture to become an expert on PCUI
• Provided support for North American rollout of SAP, a business enterprise software, for Sun Chemical
• Developed comprehensive malfunction monitoring scheme that reduced system downtime and increased overall reliability for Sun Chemical

Columbia University
New York, NY
Research Assistant, Biodiesel Energy Production
January 2006–May 2006
• Designed and modified a Lister engine to run on biodiesel fuel with the intent to market the technology to developing countries and provide rural areas access to electricity
• Team won Columbia University’s Mechanical Engineering Design Award for exceptional engineering design

SKILLS AND APPLICATIONS
Microsoft Office (Word, Excel, PowerPoint), Pro/Engineer, MATLAB, Java, Visual Basic, FactSet, ModelWare