About Us

Management Team

Adamas was founded in 2009 to focus on vital and underserved Distributed-scale Power Generation assets. The management team’s expertise ranges across the project finance spectrum and couples decades of corporate and energy policy experience with entrepreneurial versatility. The team’s knowledge of financial structuring, project development and market participants gives Adamas critical insight and facilitates access to high-quality opportunities and assets.

• Richard Dovere

  Richard Dovere founded Adamas Energy Investments, LLC (“AEI”) in 2009 and Adamas Diamond Energy Fund in 2012. Richard is responsible for building NACO’s high-power Advisory Team and recruiting its expert Management Team. He continues to manage AEI’s portfolio and source future projects. Before AEI, he was a consultant to several large private investors, investment funds and corporations for whom he identified, led due diligence for biomass and solar PV energy projects. Previously, Richard co-founded and was EVP of a technology services company which he successfully exited at sale. Richard has held senior staff positions in municipal, state and national level political campaigns. He is an expert in energy policy and its commercial implications. He holds a BA from the University of Wisconsin at Madison.

• Jigar Shah

  Jigar Shah was a founding investor in Adamas Energy Investments LLC and now brings his energy policy, project finance and investment expertise to the management team of The Adamas Diamond Energy Fund. He joined Adamas from Richard Branson’s Carbon War Room where, as CEO of the organization, he spearheaded its mission to advance low-carbon and no-carbon innovations and alternatives that reverse or stop global warming. Prior to that, Jigar founded and was CEO of SunEdison Solar Electricity which today has more solar energy systems and megawatts under management than any other company. Under Jigar’s leadership, SunEdison pioneered the “Solar Power Services Agreement” (SPSA) model, which turned solar services into a multi-billion dollar industry. He holds a BS in Mechanical Engineering from the University of Illinois (Champaign-Urbana) and an MBA from the University of Maryland.

• Jonathan Schorr

  Jonathan Schorr joined Adamas from Seneca Capital, an event-driven multi-billion dollar hedge fund. As director of Tax/Structuring at Seneca, Jonathan's financial planning generated significant savings for investors and partners. Previously, he was Senior VP at HSBC’s Global Asset and Structured Finance group where he spearheaded its highly profitable tax-efficient financial product development and origination effort for US corporations. At HSBC, he was also instrumental in closing high-value investment and funding transactions for the Bank as principal. Prior to that, Jonathan was with Bear Stearns, where he co-founded the Strategic Structuring and Transactions group to create and execute unique domestic and cross-border investment products, financing transactions and M&A strategies, focusing on tax, accounting and regulatory optimization. Jonathan holds an AB in Applied Mathematics from Harvard College, a JD from Harvard Law School and an LLM from NYU.

• Ed Sappin

  Ed Sappin is an energy and finance leader who has contributed to more than 300 MW of solar power projects currently in development or operation. Ed was Director, Project Development, Americas and the Asia Pacific at BP Solar. He led the development of a pipeline of projects across the utility-scale, small utility and behind-the-meter segments including the 37 MW Long Island Solar Farm and 180 MW Moree Solar Farm. Ed was involved in origination, M&A and partnership initiatives, project finance and structuring, new market development, and overall strategy. Previously, he held senior positions in private equity at New Asia Partners in Shanghai and Durlacher (now part of Panmure Gordon & Co.). Ed holds a BS in Economics from the Wharton School of the University of Pennsylvania, where he was a Franklin, Wharton and Fine Scholar. He holds a MA from the Nitze School of Advanced International Studies at Johns Hopkins University, where he was a Boren and Bradley Fellow.

• Candice Michalowicz

  Candice Michalowicz is an Associate at Adamas Energy Investments, a renewable energy infrastructure fund manager headquartered in New York. As a team leader, Candice coordinates and executes due diligence on the firm's portfolio projects in the US and abroad. She manages the firm's data-based projects and is NACO liaison to the Government Services Initiative that identifies public sector opportunities for Adamas. Before joining Adamas, Candice held senior research positions at the National Capital Language Resource Center and the Corcoran Gallery of Art. She holds a BA Summa Cum Laude, Phi Beta Kappa from George Washington University.

Board of Advisors

Adamas has developed a Board of Advisors of Industry trailblazers actively involved in Adamas’ project sourcing, diligence and execution.

• John Nelson, PE

  Successful entrepreneur and noted industry expert.
  Founder and former CEO, Affiliated Engineers
  Adj. Professor, Civil & Environmental Engineering Dept., University of Wisconsin-Madison

• David Owens, MA, MS

  Major utility industry policy and legislative coordinator
  Executive VP of Business Operations, Edison Electric Institute, Washington DC
  Previously Chief Engineer, Corporate Regulation Division, Securities & Exchange Commission

• Branko Terzic, BSE, SCD, PE

  Director, Global & US Energy Practice, Deloitte Consulting LLP
  Former Chairman & Commissioner, US Federal Energy Regulatory Commission (FERC)
  Former CEO, Yankee Gas & Electric

• Edward Tirello

  Senior Advisor, Tudor Pickering Holt & Co., Energy investment and merchant banking
  Previously MD & Senior Power Strategist, Berenson & Co.
  Previously MD, Utility Investment Banking Division, Deutsche Bank

Power Solutions

Under Contruction

Activities

Asset Management

Adamas has a core focus on investment and asset management of clean power plants and related areas. In addition, it acts as an advisor and developer for selected opportunities.

Adamas focuses on owning and investing in operating clean power plants. The firm’s management has invested in more than $1.5 BN of operating power generation projects, including more than 40 currently operating facilities. Adamas focuses on established energy sectors and minimizes development risk while targeting non-correlated returns. Its areas of investment include:

• Solar PV
• Biomass and other Waste-to-Energy
• Wind
• Natural Gas
• Energy Efficiency
• Hydroelectricity
• Combined Heat and Power (CHP), Landfill Gas, Agricultural Waste, and Wastewater

Advisory

Adamas’ extensive network of relationships and transaction expertise allow the firm to be an effective advisory partner for transactions that may not otherwise fit our investment mandate.

Development

Adamas can act as a primary developer or co-developer in certain circumstances, drawing on its team’s track record of successful development and project structuring.

Government

Adamas, through its subsidiary Adamas Government Services, LLC, partners with government agencies to bring new generation energy projects to fruition. Adamas can act as an investor and developer in its government activities, partnering with federal, state and local entities to develop win-win solutions and to save taxpayer funds.

News

Under Contruction

Utilities

Under Contruction

Sectors

Our business is based on the principles of our founders and advisory team, who take a pragmatic, experienced, and innovative approach to the most challenging hurdles in the energy sector. We work as collaborators and problem solvers. Adamas is structured to be nimble and capitalize on high-yield opportunities across the energy sector. Each of these industry segments contributes to our core asset management business.

Distributed-Scale Power Generation

Adamas focuses on distributed-scale power generation. This refers to power production in the large commercial and small utility spaces, or generally 1-50 MW of capacity. Power plants at this scale are normally on-site, or in relatively close proximity to the point of usage. Generating power on-site or from nearby resources, rather than from distant utility-scale power plants, eliminates the cost, complexity, interdependencies, and inefficiencies associated with transmission. Like distributed computing or distributed-scale power generation gives users and utilities greater control and flexibility. Historically, distributed power meant dirty and unstable diesel generators; Adamas invests in proven clean energy power producing facilities which produce safe, cost-effective power. Generally, distributed-scale power can be built in faster time periods and closer to choke points where it is most needed. Nevertheless, this segment represents an underfunded segment in the energy market.

Energy Efficiency

Adamas partners with leading energy providers to provide our partners competitive retail power solutions in deregulated markets in the United States. Adamas provides competitively priced electricity to small and mid–size businesses as well as National Accounts and Government and Institutional customers. Adamas is an expert in understanding complex requirements, tailoring products and services to be both compliant and innovative to match customer needs on a market-by-market basis.

Contact

Main Office:

Adamas Energy Investments, LLC
645 Madison Avenue
14th Floor
New York, NY 10022

Inquiries:

For general inquiries please contact us at info@adamasei.com.

To submit your project for evaluation, please contact projects@adamsei.com.

If your inquiry is associated with your desire for a position at Adamas, please contact careers@adamasei.com.