Ocean Renewable Power Company (ORPC) has recently appointed Stuart Davies as the company’s new CEO.
Davis has succeed Chris Sauer, ORPC’s co-founder and CEO since 2006.
“I am thrilled to turn over the reins of ORPC to such a passionate, intelligent and intuitive professional ,” Sauer said. “Stuart is a sophisticated leader who will expand ORPC’s business development and sales focus in the U.S., Canada and Chile, and position the company for growth and profitability.”
Davies joined ORPC’s board of directors in 2019 after several years of advising and investing in the company.
“I have had the great pleasure of conversing almost daily with Chris over the past 18 months and I share his passion and enthusiasm for ORPC and look forward to his continuing involvement as an advisor to the ORPC team in his retirement ,” said Davies .
Davies most recently invested in several early stage companies whose products either reduce carbon emissions or improve the environment. Prior to that, Mr. Davies was chief investment officer of Global Opportunistic Credit and an investment committee member of Sankaty Advisors where he worked for 17 years.
“We are creating the opportunity to transition remote communities off diesel power by harnessing energy from river and tidal currents using ORPC’s proprietary RivGen and TidGen Power Systems. Providing predictable baseload power as the key part of smart microgrids that also combine wind, solar, and energy storage to handle peak load demands will give these communities smart, emission-free, energy independence. I look forward to working to deliver ORPC’s innovative and practicable solution to our customers,” Davies concluded.