Pivotal Investments


Industry Advisors: Roger Woodworth, Michael Butler, David Chen, Ollie Curme, Christine Ervin, Nancy Floyd, John Gordon, Terry Hudgens, and Dennis Wilde.

Roger Woodworth is vice president for Avista Corp. and vice president for Sustainable Energy Solutions for Avista Utilities. Woodworth began his career at Avista Corp. as a fish and wildlife biologist in 1979, doing environmental studies for energy project licensing. During his career with Avista, he gained extensive experience across the organization, including in corporate communications, strategic counsel, corporate development and energy operations.

Woodworth is active in civic and professional organizations. He serves as board vice chair of the Northwest Energy Alliance, chair of Edison Electric Institute's Executive Advisory Committee on strategic issues, and chair of the Spokane Mayor's Task Force on Sustainability. In addition, he is board chair for Washington State University President's Spokane Advisory Council.

Woodworth received his Bachelor of Science degree in wildlife biology from Washington State University in 1978. He is also an alumnus of Columbia University's Senior Executive Program.

Website: www.avistacorp.com

Michael Butler, Chairman & CEO of Cascadia Capital, a national investment bank for emerging growth and middle market companies focused on sustainable industries, IT, communications and other industries.

Prior to co-founding Cascadia Capital, Mr. Butler served as a Managing Director at Lehman Brothers responsible for global equity sales and equity syndicate. He also served on the firm's Equity Commitment Committee, Equity Syndicate Committee and Private Equity Commitment Committee.

Prior to his work with Lehman Brothers, Mr. Butler served as a Principal with Morgan Stanley & Company where he was responsible for divisional global product and risk management and was a member of the division's Operating Committee. He has been involved in numerous equity financing transactions for both public and private companies.

Mr. Butler holds a B.A. in Political Science from the University of Washington and an M.B.A. in International Finance from the Wharton School of theUniversity of Pennsylvania.

Website: www.cascadiacapital.com

David Chen, Founder and General Partner of Equilibrium Capital, which will make growth equity investments in Pacific Northwest companies that are focused on sustainability.

Mr. Chen brings more than 20 years of operating experience in the software and communications markets. He began his career in 1979 as one of the early team members at Solectron, a $16 billion market leader in electronics manufacturing. He went on to join McKinsey & Co. Technology Practice in Chicago, and later ran marketing at Mentor Graphics. Mr. Chen was also founder and managing partner of The Ascent Group: a strategy consulting firm serving firms like Intel, Microsoft, Sun, Bell Atlantic and Fujitsu. During his tenure as an OVP partner, he served on the board of @mobile prior to its acquisition by software.com. He served until 2002 on the board of HNC Software. His other venture investments include Ambric, Intelligent Results, Net6, and UXComm.

Mr. Chen has a B.A. in biology, from the University of California, Berkeley, and a M.M. from the Kellogg School at Northwestern University.

Website: www.eq-cap.com

Ollie Curme, The Chairman of TianDi Growth Capital which leverages global resources, deep analytical abilities, investment experience, and strong ties in China to solve energy and environmental challenges facing China and the rest of the world by making investments in wind energy, electric vehicles, energy efficient lighting, biodiesel, and clean water.

Mr. Curme has over 20 years of venture capital experience, investing in numerous companies worldwide and facilitating technology transfer. He joined Battery Ventures in 1985. During Mr. Curme's 20 years at Battery, the firm became a leading US venture capital firm, managing $2.2 billion in committed capital. He played a major role in institutionalizing Battery from 1998 to 2003, when he built and ran the software investment group of 20 investment professionals.

Mr. Curme has made 28 investments, invested $155 million, realized (+value) $480 million, with an overall IRR of 41% and 7 IPOs. He has been a lead investor in many successful public companies including HNC Software (NASDAQ: HNCS), Infoseek (NASDAQ: SEEK), Parallan, and Pixelworks (NASDAQ: PXLW) as well as numerous privately held companies including Fingerhut Direct Marketing, Netezza, and OutlookSoft.

Prior to Battery, Mr. Curme was a lending officer in the High Technology Division of First National Bank of Boston. Mr. Curme holds an MBA from HarvardBusiness School and B.S. in Biochemistry from Brown University.

Website: www.tiandigrowth.com

Christine Ervin, has led innovative private-public collaborations to promote green market transformation for nearly 20 years.

As first President and CEO of the U.S. Green Buildings Council, she led its growth from a start-up nonprofit to an influential coalition of 4,500 companies and organizations. During her tenure, the LEED® green building rating system became the defacto standard for high performance buildings in the U.S. and the Greenbuild™ conference and expo became a thriving vehicle for driving "green" into the mainstream market.

As Assistant Secretary of Energy for President Clinton, Christine oversaw nearly $1 billion in annual investments for clean technologies in transportation, buildings, manufacturing and renewable energy. Key initiatives included the President's Climate Change Action Plan, the High Performance Buildings project, the ENERGY STAR™ partnership with EPA, Million Solar Roofs and the nation's first center for sustainable communities. Previously, she was Director of Oregon's Department of Energy, a project director at the World Wildlife Fund, and led executive budget policy for the State of Missouri.

Christine's speaking and consulting firm is based in Portland, Oregon. She serves on numerous private and public advisory boards and as Editor-at-Large with GreenerWorld Media.

Website: www.ChristineErvin.com

Nancy Floyd, Founder and Managing Director of Nth Power, the pioneering energy venture capital firm. With offices in San Francisco and Portland OR, Nth Power has $400M under management. The firm's portfolio includes the market leaders in renewable energy, energy intelligence, advanced materials and clean transportation.

Ms. Floyd has led Nth Power's investments in Silicon Energy (Nasdaq: ITRI), Northern Power (Nasdaq: DESC), Smartsynch, Serveron, SpectraSensors, Imperium Renewables, Propel Biofuels and Thetus. In addition to these Boards, Ms. Floyd sits on the boards of ACORE (American Council on Renewable Energy) and the Center for Resource Solutions. She has been an advisor to the National Renewable Energy Lab, was a board member of Sustainable Asset Management in Zurich, Switzerland and is an active member of E2. Ms. Floyd was also appointed by Governor Ted Kulongoski to serve on the Oregon Economic and Community Development Commission.

Prior to founding Nth Power, Ms. Floyd built, managed and negotiated the sale of two high-growth energy and telecommunications companies. In 1977-1980, Ms. Floyd worked for the Chairman of the Vermont Public Utilities Commission where she worked on energy and telecommunications issues.

Ms. Floyd holds a masters degree in political science from Rutgers University (1977), where she was an Eagleton Fellow. She received a bachelor's degree in political science from Franklin and Marshall College (1976), where she currently serves as a Trustee.

Website: www.nthpower.com

John C. Gordon, Chairman of Interforest, LLC, a sustainable forestry consulting firm, and a founder of the Candlewood Timber Group, Inc., a sustainable forestry company with forestland and operations in Argentina.

Mr. Gordon is the Pinchot Professor Emeritus of Forestry and Environmental Studies at the Yale School of Forestry and Environmental Studies, where he was Dean from 1983-1992, and again in 1997-98. Before that he was Head and Professor, Department of Forest Science, Oregon State University, Professor of Forestry at Iowa State University, and Principal Plant Physiologist in the Pioneering Project in Wood Formation, USDA Forest Service, Rhinelander, Wisconsin.

Mr. Gordonís primary expertise is in the biological basis of forest productivity, the management of research, and forest policy and management. He has consulting experience with public and private organizations, including forest product firms, the Intertribal Timber Council, the World Bank and the United Nations Development Programme. He has authored, coauthored or edited over 150 papers and books, including "Environmental Leadership: Developing Effective Skills and Styles" (Island Press) and "Environmental Leadership Equals Essential Leadership" (Yale Press) both with Joyce Berry. He has overseas experience in a variety of places, including India, Pakistan, China, Costa Rica, Brazil, Argentina, Finland and Scotland.

Mr. Gordon has a B.S. (forest management) and a Ph.D. (plant physiology and silviculture) from Iowa State University, and has been a Fulbright Scholar in Finland (University of Helsinki) and India (GKVK State Agricultural University, Bangalore).

Website: www.iforest.com/gordon.htm

Terry Hudgens, President and Chief Executive Officer of PPM Energy, Iberdrola Renewables' US energy business. Iberdrola, the world's 4th largest electricity company by market capitalization, is also recognized as a world leader in wind energy.

Prior to being named CEO of PPM in 2001, Terry was with multi-state utility PacifiCorp as senior vice president of power supply, responsible for power generation, wholesale sales, and the company's mining businesses.

Before joining PacifiCorp, Terry was president of Texaco Natural Gas-North America. In that role, he was responsible for all aspects of Texaco's $5 billion North American natural gas and worldwide natural gas liquids business. He also served as Texaco's senior representative in the Natural Gas Supply Association. Terry spent 25 years with Texaco Inc., working in operations and management positions, including vice president of business development for Texaco Trading and Transportation, Inc., a Texaco subsidiary.

Terry has a bachelor's degree in civil engineering from the University of Houston.

Website: www.ppmenergy.com

Dennis Wilde, Principal Gerding Edlen Development which exists to do one simple thing: to create vibrant, sustainable and inspiring places where people can work, learn and live. In 2007, Gerding Edlen was recognized by the US Green Building Council as the developer of the largest number of LEED (Leadership in Energy and Environmental Design) buildings in the country.

Dennis Wilde's passion for sustainable urban development runs deep. From his graduate studies in architecture and urban planning to his current role at Gerding Edlen, environmental responsibility and smart design are central to his philosophy. He first realized the possibilities of sustainability from a business perspective while attending a workshop on the Natural Step in 1997, the same year he joined Gerding Edlen. Dennis was drawn to the company because of the ethical standards that Bob and Mark articulated and employed in all of their dealings.

As Gerding Edlen's designated "green guy", Dennis has encouraged increased sustainability in development projects while building a strong business case for the economic and social benefits of environmental responsibility. Dennis' responsibilities include feasibility studies, management of the pre-construction process and overall project management. He is also an active board member of the Oregon Natural Step Network.

Dennis is passionate about design as well, believing that it is an expression of man's highest aspirations. He has more than 20 years of experience in urban planning and design, and has been active in construction and real estate development since 1967. He earned a degree in Architectural Engineering from Washington State University, as well as master's degrees in architecture and urban planning from the University of Pennsylvania.

Website: www.gerdingedlen.com