BOSTON, MA, USA, January 22, 2020 /EINPresswire.com/ — Edison Energy LLC has named Oded Rhone its new CEO, with plans to expand its energy-services and sustainability advisory practice for organizations seeking to save energy and cut carbon.
Rhone is a long-time executive at Edison Energy’s parent company, Edison International, and a former wind energy developer. “His leadership and vision already guide our company in this all-important area of sustainable energy purchasing,” said Drew Murphy, chair of Edison Energy’s Board of Directors. The Board approved Rhone’s appointment effective immediately.
Edison helps market leaders quantify their risk from fluctuations in energy prices and supply, and designs energy portfolios with them to enhance shareholder value in a dynamic environment of technology advances, new product offerings, and complex policies.
“We’ll be expanding our offerings to help organizations set sustainability goals and achieve their targets for reducing energy consumption and lowering their carbon footprints,” Rhone said.
The company recently helped Honda negotiate an innovative “collar” agreement that limits its risk from energy price fluctuations, while slashing CO2 emissions by buying enough wind and solar energy to cover over 60% of the electricity Honda uses in North America.
“Our customers have more energy decisions to make than ever, driven by increasing complexity and cost, fast evolving technologies, changing regulations and policies, price volatility, and increasing environmental concerns,” Rhone said.
“Edison’s expertise, customer-centric focus, and innovative & integrated approach help our clients navigate this changing landscape. Providing independent and objective insights, we elevate strategic dialogue around the long-term implications of energy and sustainability goals, the value and risks of energy investments, and the optimization of key metrics such as total energy cost, market risks and GHG emission reduction. This approach allows us to craft and implement holistic strategies that best meet the needs, goals, and objectives of our clients in the evolving energy market,” he said.
Rhone has been serving in a leadership capacity at Edison Energy since last September, when former CEO Jay Zoellner announced his move to KiWi Power Ltd. Rhone was previously vice president of M&A and Corporate Development at Edison International, where he led development of new growth opportunities for the parent company.
Before that he was vice president of development at Edison Mission Energy, at the time a subsidiary of Edison International, where he focused on the development of renewable energy projects. In that role, he oversaw the company’s wind energy development program.
Rhone joined Edison Capital, an Edison International affiliate, in 1990, working in a variety of areas including affordable housing, project finance, and leasing operations. He then headed Edison Capital’s office in Washington, D.C., where he was responsible for the company’s activities in Latin America.
Rhone also worked at Washington, D.C.-based Emerging Markets Partnership, where he originated, executed and oversaw private equity investments in Latin America and Central Europe. Rhone’s investment activities were in infrastructure companies and projects, where he executed transactions in the energy, natural resources and telecommunications sectors.
Rhone holds a bachelor’s degree in economics, summa cum laude, from the University of California – Los Angeles, where he also earned an MBA in finance.
About Edison Energy
Edison Energy LLC is an independent advisor for commercial and industrial energy users, delivering comprehensive, data-driven and integrated global energy solutions. Edison provides a full-suite of sustainability-driven & energy management solutions including specialized delivery services in portfolio analytics, supply procurement solutions, renewables and sustainability, and demand management, engineering, and installation solutions, to serve market leaders facing an increasingly complex energy environment.
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Source: EIN Presswire