• July 1, 2020

Energy Advisory Firm Clone Capital Adds Two Energy Vets to Team - Odessa American: News

e-Edition Subscribe

Energy Advisory Firm Clone Capital Adds Two Energy Vets to Team

Print
Font Size:
Default font size
Larger font size

Posted: Friday, June 26, 2020 7:03 am

HOUSTON--(BUSINESS WIRE)--Jun 26, 2020--

The addition of two key veteran energy professionals expands Clone Capital LLC’s offerings to include power marketing, long term structured hedge advisory services and middle office services.

Clone Capital welcomes energy industry veterans, Derrick Payne and Dean Akey, to the team as Partners. With over 20 years of wholesale energy market experience, Payne will be focused on expanding the market advisory service and adding middle office services to the suite of services Clone Capital provides to power generators coast to coast. With over 30 years of experience in power marketing, structured hedge transactions and business development, Akey will be focused on expanding Clone Capital’s structured PPA and long-term hedge advisory and execution services.

“Over the past five years, Clone Capital has been helping Clients optimize their generation portfolios with market advisory, advanced analytics, and hedge strategies. We are excited to have Derrick Payne and Dean Akey join the team to expand our service offerings to Clients to assist with their long-term hedging needs and middle office capabilities needed to build robust hedge programs. Derrick and Dean bring to Clone the perfect combination of expertise that will help us offer our Clients a comprehensive risk management and asset optimization platform.”

– Anand Balakrishnan, Clone Capital Founder and CEO

Learn more about Clone Capital at clonecap.com.

Clone Capital LLC is an energy advisory firm, providing commercial advisory services, hedge origination and analytics for 12 power generation facilities with a total capacity of over 7,000MW covering five ISOs across the United States. With over seven decades of expertise in energy risk and commercial management, M&A due diligence, trading infrastructure, energy hedging, power marketing and origination, Clone Capital works with Clients to maximize portfolio performance using the right mix of tools, resources and commercial expertise. Based on the belief that optimizing portfolios and evaluating big investment decisions shouldn’t be overly complicated, Clone Capital invests all of its experience and energy into delivering positive results and making a difference in every Client’s business.

 

View source version on businesswire.com:https://www.businesswire.com/news/home/20200626005078/en/

CONTACT: Dean Akey, Executive Vice President and Partner

dean@clonecap.com| 913.387.7625

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER ENERGY OIL/GAS ENERGY FINANCE CONSULTING

SOURCE: Clone Capital

Copyright Business Wire 2020.

PUB: 06/26/2020 08:03 AM/DISC: 06/26/2020 08:03 AM

http://www.businesswire.com/news/home/20200626005078/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Odessa, TX

Current Conditions

Sunny
103°
Humidity: 15%
Winds: S at 3mph
Feels Like: 103°

Your Extended Forecast

Tomorrow

weather
High 102°/Low 74°
Mix of sun and clouds. Highs 100 to 104F and lows in the mid 70s.

thursday

weather
High 96°/Low 71°
Partly cloudy with a stray thunderstorm. Highs in the mid 90s and lows in the low 70s.

friday

weather
High 98°/Low 72°
Mostly sunny. Highs in the upper 90s and lows in the low 70s.
Online Features

Pet Central

pets

Having a pet is a lot of responsibility, and we’ll help by giving you lots of tips and tricks! More >>

Fitness

Fitness

Our fitness articles will help teach you how to work out with gym- and home-based exercises. More >>

Crosswords

Crosswords

Enjoy the crosswords challenge in our free daily puzzles, from the harder Sunday crossword to the quicker daily. More >>

Sudoku

Sudoku

Every Sudoku has a unique solution that can be reached logically. Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9. More >>




  • ALL-ACCESS: Subscribe to our e-edition and premium website at myoaoa.com.
    You can read your daily newspaper without taking a walk to the driveway.
    Look back at yesterday's newspaper, or issues from months ago with our archive feature.
    Call circulation at 432-337-7314 to sign up today.