Electriq Power Announces New Director of Capital Markets

David Peterson brings deep capital markets and energy industry expertise to the role

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Electriq Power Holdings, Inc. (“Electriq”) (NYSE:ELIQ), a provider of intelligent energy storage and management for homes and small businesses, today announced the addition of David Peterson to its finance team, effective immediately. Peterson will lead capital markets activities and be responsible for arranging corporate financing, both equity and debt, and project financing for Electriq’s Sustainable Community Network (SCN) programs and Sustainable Solutions partners.

“We are excited to have one of the pioneers of residential solar financing with Electriq Power,” said Frank Magnotti, Chief Executive Officer of Electriq. “David joins a management team that helped bring residential Virtual Power Plants (VPP) to the market. This integration of experience and expertise, combined with our five levels of proprietary software that enables the battery to be the energy management hub of the home, is a powerful foundation for the company’s growth."

Mr. Peterson served most recently as a Principal at Rebel Group, where he provided strategic advisory services on energy and infrastructure projects. Prior to joining Rebel, he was Managing Director for renewable capital markets at Clean Power Finance (CPF), a solar financing platform. His background also includes 20 years in infrastructure financing, both advising organizations on essential infrastructure projects and delivering financing through his prior roles at Ernst & Young, RBC Capital Markets, CIT Group and Schroders. Throughout his career, Mr. Peterson has negotiated and closed finance facilities in excess of $15 billion, comprising almost all forms of financing relevant to energy and infrastructure.

“I am delighted to join the Electriq team,” Mr. Peterson said. “I have spent my career helping connect essential infrastructure projects to effective financing options. Electriq’s vision of making clean energy infrastructure available to all fits perfectly with my experience. I look forward to helping the team access the financing needed to make that vision a reality.”

Electriq provides zero-up-front-cost energy systems – turnkey energy solutions that include batteries, solar panels, software, project development, financing, and installation – for homeowners in specific geographies and across all customer classes, including Low- and Moderate-Income (LMI) households. By connecting organizations, companies, municipalities, and their local homeowners into Sustainable Community Networks, Electriq is enabling a shared vision of making the planet a better place. Through these partnerships, as well as by providing a comprehensive solution portfolio, Electriq makes it possible to deliver complete, clean, affordable, and resilient energy to all homeowners.

About Electriq Power

Electriq (NYSE:ELIQ), founded in 2014 in Silicon Valley, provides turnkey intelligent energy storage and management solutions for homes and small businesses. Electriq’s solutions deliver always-available, low-cost clean energy, even during intermittent outages and inclement weather. Those solutions enable municipalities and utilities to provide their constituents with a path to sustainable and resilient sources of energy, regardless of socio-economic status.