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Third Power

Third Power identifies and realizes opportunities to make power plants more profitable by implementing its proprietary ice storage systems.

  • Stage Prototype Ready
  • Industry Industrial/Energy
  • Location Bedford, NY, USA
  • Currency USD
  • Founded July 2011
  • Employees 2
  • Website thirdpower.com

Company Summary

Third Power’s mission is to bring urgently-needed multi MW scale energy to market by deploying its proprietary ice storage systems at power plants at costs of $350-$550/kW and expected IRRs of greater than 30%. To execute this vision, we focus on creatively leveraging existing infrastructure to solve the biggest problems facing the grid. We rely on third party manufactured components and run our business as a lean project development company.

Team

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    Bikram Chatterji
    COO

    Formerly, Principal at Novantas, a management consultancy in NYC. Eight years of experience in product design, market analysis, optimization, and project management in the US, Canada and UK. BS in Cell Biology, English, Yale University. Bikram’s responsibilities at Third Power include software development, system level operational and financial modeling, marketing, creating and executing the company’s operational agenda.

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    Matthew Rosenfeld
    CEO

    Inventor of Third Power’s technology. 4+ years in the energy industry, previously at ConEd. Master’s in Mehanical Engineering from University of Pennsylvania, BA in Physics from Vassar. Matt’s responsibilities at Third Power include setting and executing strategies on business development, technology development, sales, and fund raising.

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    Jane Sadowsky
    Advisor

    Former Senior Managing Director at Evercore Partners, where she built and led Evercore’s M&A practice for the power and utility industry. Prior to Evercore, She was the Co-Head of North American Power for Citigroup’s Investment bank, and , a power and utility banker for Donaldson, Lufkin & Jenrette. In 2011, founded Gardener Advisory LLC, a consulting and advisory practice, whose clients include US and foreign utility and power companies.

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    Anthony Mann
    Advisor

    President and Chief Executive Officer, E-J Electric Installation Co., Under his leadership, E-J has completed over $1 Billion in leading electric construction projects including, in the power generation space: NYPA 500 MW Poletti Power Plant, Astoria Energy 500 MW Power Plant, Fresh Kills Methane Recovery Plant, Jamaica Bay Peaking Facility

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    Caroline Angoorly
    Advisor

    Senior energy, executive with over 20 years’ experience in strategy,operations, project development and asset management, project finance. Previously Head of Environmental Markets – North America for J.P. Morgan, SVP & Head of Development, Northeast and VP, Environmental & New Business at NRG Energy, VP & General Counsel at Enel GreenPower and a Partner in the Global Project Finance Group at Milbank, Tweed Currently: Principal at GreenTao Group.

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    Michael Breen
    Advisor

    Experienced and skilled in Raising, Investing, Preserving and Optimizing the capital companies need to grow. Leveraging 25+ years as an executive and capital markets focused professional in Energy, Clean Tech and across an array of other industries. Formerly, CFO Xtreme Power. Currently, CEO at GELI.

Advisors

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    Joe Daniels - Loeb & Loeb
    Lawyer
    Unconfirmed

Previous Investors

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    E-J Electric
    Unconfirmed