Power Factors launches its Executive Advisory Board

Source: press release, 11 August 2022

Power Factors CEO, Gary Meyers
Power Factors CEO, Gary Meyers (photo: Power Factors)

After several strategic acquisitions and through identifying opportunities to support its mission to enable a sustainable world powered by renewable energy, San Francisco-based Power Factors is poised to become the world’s largest renewable energy software and solutions provider.

Understanding the importance of developing future-ready solutions to support changing landscapes and transformations rapidly occurring across the energy sector, Power Factors has announced the launch of its Executive Advisory Board.

Combining recognised and accomplished experts carefully selected from across the renewable and traditional energy sectors, the newly formed Executive Advisory Board will work closely with Power Factors’ Board of Directors and Executive Leadership Team, offering guidance and thought leadership on decisions in pursuit of its mission.

The Board’s cornerstone members include Juan Araluce and Kevin Devlin, with a combined 70 years of energy industry experience and leadership.

Juan Araluce has contributed to the energy sector in multiple critical roles over 35 years, including two decades at BP before transitioning to Vestas Wind Systems in 2007, where he served as CSO and EVP. In June 2021, Araluce became the Founder and Chairman of Black Swan Investments.

Kevin Devlin served as Senior Vice President at Pattern Energy Group and is also a 35-year veteran of the energy industry, having held numerous global leadership roles with Iberdrola, Scottish Power, Pattern, and ExxonMobil. Devlin is also a Non-Executive Director of Renewable Power Capital, and a Senior Advisor to the Canada Pension Plan Investment Board. Until recently, he was a member of the Investment Advisory Committee for NTR PLC.

In addition to their wealth of experience, both Devlin and Araluce share a passion for renewable energy solutions, as well as supporting and enabling the energy transition.

“We are delighted to welcome Juan and Kevin to the Power Factors team. Kevin has been a strong partner for many years, working closely with his team to build a highly successful partnership. Juan has been an indispensable team member and advisor to us over the past several months. We are truly grateful for their expertise and partnership, and equally excited for the future at Power Factors,” says Gary Meyers, CEO of Power Factors.

As members of the Executive Advisory Board, Devlin and Araluce will offer expert counsel and make recommendations to the Board of Directors and Executive Leadership, including reviewing and advising on product initiatives, market evaluation and needs, as well as business development efforts.

“Power Factors is an amazing organisation with a clear vision for enabling the energy transition. Having worked closely with the team for many years now, I am thrilled to serve as an adviser in support of their continued growth and success as we work together to shape a brighter energy future,” says Kevin Devlin, former Senior Vice President at Pattern Energy Group.

“We serve an incredible purpose, to leave the world a little better than we found it, so generations to come can also enjoy our amazing planet. Power Factors is on a mission to enable the clean energy transition, and I am proud to serve as a partner in the pursuit of its mission,” says Juan Araluce, Founder and Chairman at Black Swan Investments.

Power Factors will continue to expand its newly formed Executive Advisory Board over the coming months.