Jonathan Milley Email & Phone Number

Princeton, Nj, Us

Princeton, New Jersey, United States

Princeton, Nj

Principal – Project Development & Due Diligence Consultant, Energy Sector (2012–2014)Launched consulting company to provide advisory services for private equity, project development, and M&A transactions. Provided strategic and hands-on project advice for deal structuring, finance, and project execution. Advised on interconnection and establishment of market operations in ISO NE, NYISO, and PJM. ◆ PROJECT DUE DILIGENCE & DEVELOPMENT – performed in-depth investigation and analysis of target acquisition projects in various stages of development on behalf of private equity investors. Target acquisitions for various clients included: ◆ Two greenfield biomass development projects in Georgia ◆ A coal-fired unit in PJM ◆ Oil-Fired units in ISO NE, and ◆ Several NGCC units in western PJM. In each case, my recommended course of action was followed. ◆ BUSINESS DEVELOPMENT for Adiabatic CAES Company - led early-stage US development for European adiabatic compressed air energy storage company. ◆ PV SOLAR DEVELOPMENT SERVICES – worked with leading solar EPC firm in the northeast to source and close on commercial and utility-scale PV solar projects.

Led commercialization efforts for start-up company with two proprietary designs for: 1) conversion of existing steam plants into thermal storage facilities via use of a patented process in which energy stored in molten salt is used as the heat source for the existing steam equipment and 2) use of ice slurry for inlet chilling to 55º F on combined-cycle industrial combustion turbines. Specific projects included: ◆ NYSERDA Grant Feasibility Study for Conversion of Existing Steam Plant to Thermal Energy Storage Facility – led commercial analysis of converting an existing electric and steam site located at critical electric grid juncture in New York City. Project would provide approximately 25 MW of storage capacity with up to 12 hours of discharge capability and a 12-hour recharge cycle. Commercial focus on achieving an engineering design for an optimal mix of revenue across the wholesale NYISO power market as well as providing benefit on the local distribution grid benefit. ◆ Thermal Storage Conversion of 18 MW Biomass Steam Plant, Maine – led development of project to convert existing plant into a thermal storage facility to take advantage of very low-cost, off-peak wind energy. Project would provide both peaking energy as well as ancillary services. Project in development. ◆ Thermal Storage Based Chilling Capacity for NGCC Combustion Turbine, New York, NY – led commercial development to add ice-based inlet chilling to two large gas-fired combined-cycle plants in NYC. Projects would have recovered the 15% capacity loss in the summer NYISO capacity market due to high ambient temperatures. Project has patents pending.

Greater Boston Area

BUSINESS DEVELOPMENTDrove business development of market applications in a new segment of the power market: long-duration, large grid-scale storage. Developed and maintained use case scenarios for several areas including: ◆ Solar / Wind + Storage◆ T&D Alternatives◆ Microgrids & Islands◆ ISO/ RTO Market Revenues◆ Peaking Plant Replacement◆ Electric Vehicle Fast Charging (DCFC).Geographical regions of focus included ISO NE, NYISO, PJM, CAISO, and ERCOT as well as island applications, sub-Saharan Africa, South Asia, Southeast Asia, and locations in Europe. ◆ Identified optimal market use cases for Vionx’s long-duration, non-degrading, large-scale storage. ◆ Selected and developed extensive target customer lists. ◆ Acted as the voice of the customer for the technical design team

Greater Boston Area

STRATEGIC PLANNING FUNCTIONS:WARRANTY INSURANCE - Closed on underwriting of $50M AXA XL insurance policy for Vionx’s battery system warranty leading to selection of New Energy Risk as the preferred underwriter to financially backstop Vionx’s battery technology warranty. ◆ Conducted competitive process for selection of underwriter◆ Developed & negotiated terms sheets for engagement, ◆ Lead interface for underwriter’s extensive technical due diligence ◆ Established secure data room for highly sensitive and proprietary technical information.◆ Negotiated insurance policy terms consistent with Vionx’s warranty.EQUITY RAISE - Led interface with boutique investment bank retained for a series C equity capital raise for expanding operations. ◆ Conducted corporate presentations to potential investors, ◆ Identified and provided variables for financial business plan model, ◆ Created corporate presentation materials, ◆ Established and maintained company data room.STRATEGIC PARTNERSHIPS – Initiated and led strategic partnering discussions with potential transformative strategic partner, a very large Japanese conglomerate; ◆ Led and organized numerous reciprocal staff visits to and from Tokyo. ◆ Ensured a very consistent and focused level of contact was maintained at all levels.◆ Kept negotiations on track to a very advanced stage. Investigated possibilities for initiating operations and strategic partnerships in India.◆ Conducted a month-long development trip to several cities and states within India.◆ Investigated local market conditions to determine the likelihood of success for Vionx’s technology.◆ Initiated and maintained discussions with advanced renewable energy sector technology providers as a potential development and manufacturing partner.

Greater Boston Area

MARKETINGLed Marketing of start-up company and development of name recognition. ◆ Developed go-to-market strategy based on relative strengths and benefits of Vionx battery in relation to local power conditions, local power market economics, governmental policy, and regulatory paradigms.◆ Identified optimal geographical markets for long-duration storage based on dynamics of relative load vs supply or supply of cost-advantaged renewable energy.◆ Led complete overhaul of website, printed marketing material, and media outreach efforts.◆ Lead spokesman for Vionx on various legislative and regulatory efforts; maintained engagement with federal and state policy and regulatory initiatives.◆ Conducted media interviews and maintained relationships with sector analysts.◆ Organized and led attendance at large trade show events, including establishing a trade booth, media interviews, and key customer presentations.

Princeton, Nj

Recruited by Executive Vice President to head up stalled regional development efforts. Transitioned to NRG headquarters in Princeton, NJ.COMMERCIAL LEAD – NRG | Bluewater Wind, Princeton, NJ (2010–2011)Structured commercial proposal for NRG Bluewater Wind Inc’s 300MW OSW park in response to the New York Power Authority’s RFP for a Great Lakes Offshore Wind (GLOW) Project. ◆ Designed proposal as a public-private partnership (PPP) with differential pricing based on P90 and P50 wind conditions. Proposal was finalist selected by NYPA; however, they canceled the Project when the risks of the geological technical and physical characteristics in Lake Erie were deemed too great.LEAD DEVELOPER – NYC Solar Initiative (2010–2011)Developed and promoted the commercial concepts for using NYC’s several thousand acres of capped landfills for the installation of solar panels. Idea adapted by Bloomberg administration and became a key component of the city’s sustainability plan. (Prior to NY’s Solar Renewable Energy Credit [SREC] program.) ◆ Evaluated constructability on the unstable ground to ensure plan design that would not pierce the caps.CHIEF EXECUTIVE OFFICER – GenConn Energy LLC, New Haven, CT (2008–2011)Led all aspects of design, development, financing and commercial operations of the GenConn Energy LLC project in a 50/50 joint venture partnership with United Illuminating Company (UI).◆ Led development of JV through a competitive solicitation process, including pricing deal and designing project structure, award, and contract negotiation, financing, and construction of the two facilities comprising 400 MW from 8 LM6000s that achieved CODs in 2010 and 2011.◆ Led the partnership through negotiation and closure on the $535M in equity bridge and non-recourse, debt financing in 2009, despite the severe economic downturn. Project named “Deal of the Year” in 2010 by Project Finance.

Miami/Fort Lauderdale Area

ASSET MANAGER | BOARD CHAIR & CEO – Itiquira Energetic SA, Curitiba, PR, Brazil (2003–2006)Took over management of insolvent company assuming bankrupt equity partner’s interests. Managed completion of construction left by insolvent EPC contractor. Successfully litigated against former contractor. Hired new, full-time staff and general manager, set up in new offices in Curitba, Parana, and financially re-structured the company. • Eliminated immediate capital claims with the preferred equity partners (Eletrobras and CESP). • Led capital restructuring of a complicated acquisition of amortizing preferred shares via sourcing and use of non-recourse debt. • Repatriated $25M via a little-used capital reduction process. In 2008, NRG sold Itiquira for $288M in one of NRG’s most highly value-added M&A transactions.

Princeton, Nj & Miami, Fl (Brazil, Bolivia, Argentina, Peru, Chile, Uk, Poland)

Project-based role led to Executive Director of Latin American operations, head of the regional office, and later multiple international endeavors as NRG’s international portfolio was reorganized.LEAD NEGOTIATOR | BOARD MEMBER – Enfield Energy Center LTD, Enfield, UK (2003–2005)Negotiated strategic divestiture of 100% of the GT26 x 1 project from position of 25% owner.• Maximized value to sellers via a sale separating generation asset from gas contract to allow three sellers to transact with two buyers; kept all the parties at negotiating table through closing. Price paid on a kW basis was ~$100/kW higher than any contemporary comparison. • Righted floundering partnership, led negotiations on behalf of the partnership with Indeck and El Paso. Enabled lucrative sale of entire asset to two UK-based buyers, E.ON and Deutsch Bank. SOLE NEGOTIATOR | BOARD & INVESTMENT COMMITTEE MEMBER – Latin Power Funds I & II, New York, NY (2003–2006)Negotiated strategic divestiture of holdings in two equity investment funds with investments throughout Latin America. Turned ROFR to advantage by getting current owner to compete with the prospective buyer. NRG’s net ownership position was 87 MW. Closed on $23M divestiture. MANAGING PARTNER | BOARD CHAIR & INVESTMENT COMMITTEE CHAIR – Central & Eastern European Power Project Fund, Warsaw, Poland (2003–2006)Managed NRG’s interest in and on behalf of the funds, directed divestiture of the $60M funds’ holdings sold to a third-party buyer.

Miami/Fort Lauderdale Area

Referred to Executive Vice President of Latin America to address financial issues with a natural gas plant in Bolivia driven by the underlying commodity issues of electricity and gas. Expanded into an employee role as a key member of the development and M&A group.LEAD NEGOTIATOR | BOARD MEMBER – Compañía Boliviana de Energía Eléctrica, La Paz, Bolivia (2002–2004)Lead Negotiator | Board Chair – Cahua & Energia Pacasmayo, SA Lima, Peru (2001–2003)Negotiated portfolio acquisition of Vattenfall AB’s interests Brazil, Bolivia, Peru, and its offices in Miami, FL in 2001. Total amount acquired across multiple M&A transactions (due to multiple, third-party ownership structures) was approximately 250 MW. ◆ Lead negotiator on the acquisition of additional 50% interest in one of the Brazilian projects in 2001.

New York, Ny (Colombia) & Bangkok, Thailand,

Sithe was a leading US independent power producer owning over 25,000 MW in capacity worldwide. Led financing negotiations and closed fully hedged non-recourse debt package with lender group consisting of 4 Thai banks for 122 MW power project. First 100% foreign-owned power project in Thailand. ◆ Negotiated credit agreements, secured non-recourse currency forwards to hedge currency risk and achieved financial closure on $120M in midst of 1997 baht currency crisis.

Reserve Duty – Army National Guard Helicopter Test Pilot & Staff Officer, Massachusetts.

Washington, Dc & Delhi, India (Manilla, Philippines)

K&M is an internationally recognized power sector consultant to the private sector, governments in emerging economies, multilateral institutions, and to the U.S. Government.Associate working on numerous energy sector consulting engagements primarily for global multilateral aid and financial institutions with a particular focus on South and South East Asia. Resident in New Delhi, India as project manager under a USAID technical assistance contract with the Indian government.

Ridgewood, Nj / Rio De Janeiro, Brazil

TNRC provided buy-side international macroeconomic research primarily about high growth, emerging economies. Banco Icatu published sell side equity analysis of Brazilian equities.

Various

Active Duty – Commissioned Officer & Helicopter Test Pilot. Led personnel and operations in Korea, Virginia, and Columbia.

Master Of Arts - Mald - Law & Diplomacy, Emphasis: International Economics & Finance

Bachelor Of Arts - Ba, History, Graduated Cum Laude

Activities and Societies: Phi Alpha Theta Honorary Society