Steve Rhoades Email & Phone Number

South Plainfield, Nj, Us

Petra Systems is a leading global technology provider for the renewable energy, energy efficiency, and distributed power generation markets that delivers intelligent, sustainable, and resilient remotely managed networks for Smart City infrastructure. Leveraging its core expertise in power electronics, controls, and communications, the company is a market leader in system integration of advanced technologies for renewable energy, micro grids, energy efficiency, grid reliability, and grid operation and maintenance.Petra delivers reliable, cost effective smart energy solutions that intelligently power urban and remote communities, cities, solar farms, and grids. With over 200,000 installed systems across the globe, Petra Systems combines technology innovation with competitive financial packages to help municipalities, utilities, and transportation authorities transform streetlights into one of their most valuable smart city assets.

Stonecroft is a premier middle-market investment bank, with a primary focus on the creation and the harvest of value.Stonecroft Capital LLC, together with its affiliate broker-dealer Stonecroft Securities LLC, bring together a multidisciplinary team of senior professionals with diverse backgrounds and a demonstrated track record of success. Every project and every client receive our uncompromising commitment, expertise, and attention to detail.Steve Rhoades leads the Energy and Renewables Group at Stonecroft Capital.

San Jose, Ca, Us

Steve became CEO of Satcon in 2008. In 2007 the company generated < $15MM in revenues for solar inverters and related hardware. He refocused the company's technical and commercial efforts on utility scale solar, and in four years grew solar revenue >12X to $188MM in 2011, becoming one of the top five commercial and utility photovoltaic inverter suppliers in the world. During his tenure as CEO, Steve's leadership activities included:Strategic Planning – shifted company strategy away from disconnected set of products and services toward one that focused on the high growth, solar PV inverter market where the company held solid domestic market share. Changes resulted in increased alignment with customers, global share growth, improved profitability and significant revenue growthGrowth – opened operations in more than 15 countries, gaining significant market share in US, China, India, Greece and Canada among others.Corporate Financing – raised > $82MM in three separate public offerings Mergers and Acquisitions – successfully sold three divisions that did not align with strategic objectives US/North American Utilities – executed numerous multi-MW solar projects with US/North American utilities including PG&E, SCE, Constellation, Hydro One (Canada), FPL, PREPA (Puerto Rico) and others International Experience – negotiated multiple international agreements: sales, marketing, distribution and manufacturing agreements with international groups including a Chinese SOE, a > $20B annual Chinese public company, and Czech Republic & India partners that resulted in > 20%market share in those markets in 2010 and 2011 respectively

Denver, Colorado, Us

Steve joined Advanced Energy (AE) in 2002 as a GM for six acquisitions made from 1998 to 2002. He was promoted multiple times ultimately becoming COO for the company in Q4 2005. During his tenure leadership activities included:Restructured Product Portfolio - focused company on core power supply and mass flow control products. Restructuring included a successful transition to Chinese manufacturing. Improved profitability - gross margins raised from a low of > 28% in Q4 2004 to > 45% in Q1 2007. Operating income went from a loss to > 17%Mergers and Acquisitions - successfully sold three acquisitions that did not align with strategic objectivesCorporate Financing - assisted CEO and CFO in a successful public secondary offering of $112MM. Financing allowed the company to retire substantial convertible debt and improved the company's net cash position from less than (-$50MM) in 2005 to greater than +$200MM at the end of 2007

Responsible for M&A, alliance, and partner activities for Portera, a Kleiner-Perkins portfolio company developing and hosting professional service automation solutions for more than 10,000 consultants worldwide. Accomplishments included:Acquisition of Invisic Software - supplier of project accounting solutions for service organizationsAcquisition of Maxwell Business Systems - supplier of financial solutions to service based government contractors. Managed the acquisition (renamed Portera GC) and delivered positive cash flow of 50% above the purchase price in 18 months. Sold Portera GC - division sold for a price well above the purchase price.

Fremont, Ca, Us

Responsible for all product management for Lam, > $1B semiconductor equipment supplier

Joined startup Plasma & Materials Technologies ( later Trikon Technologies) as Director of their Sematech program. Later promoted to VP of Engineering and finally VP & GM of the Plasma Etch division. Company was a supplier of plasma etch equipment for the semiconductor industry which went public in 1995 and later sold to Lam Research in 1997.

Santa Clara, Ca, Us

World's largest supplier of equipment to the semiconductor industry.

Ms/Bs Physcis, Physics

B.S., M.S., Phiysics