CODA Energy hires Detering as new CEO
CODA Energy appointed Paul Detering as its chief executive officer in March in what it describes as an important step in its transformation from electric vehicle manufacturer to becoming an energy storage solutions provider.
Detering was previously managing director of Redwood Insights, a consultancy focused on early stage and mid-size companies and funds in the renewable energy, technology and communications industries.
As part of his work at Redwood he has also previously been CEO of a number of companies including REC Solar, Tioga Energy, Blueleaf Networks and Wildfire Communications. Detering also founded Tioga Energy, a VC-funded commercial solar developer and power purchase agreement innovator.
Tioga Energy secured over $400 million in corporate and project capital and was sold to sPower in 2013
Detering is a veteran leader of early and growth stage technology companies with more than 20 years of experience in the clean technology, telecom and software industries.
CODA is backed by funds managed by affiliates of Fortress Investment Group and a European Family Office.
Detering said: “CODA Energy has one of the most comprehensive, competitive energy storage solutions available in the market today.
“In 2014, CODA Energy created a solid foundation by developing and installing the most innovative, reliable, and adaptable UL Listed storage technology on the market today.
“With commercial installations in six US states ranging from networked, single 30kW/40kWh systems to an extensive 510kW/1,054kWh project, CODA has demonstrated its capability to effectively commercialize and deliver distributed energy storage.”