Senior Operating Executive, Pegasus Capital Advisors
David is a senior operating executive at Pegasus, a New York City-based private equity firm focused on investment in sustainability. As part of his responsibilities at Pegasus, David is a member of the Board of Directors of Lighting Science Group, a leader in the emerging field of biological lighting, and is chairman of Impala Holdings, a U.K-domiciled company focused on renewables development in Africa.
President and Chief Executive Officer, NRG Energy (2003-2015)
Chairman, President and CEO of NRG Yield (2013-2015)
Prior to Pegasus, David Crane was CEO of NRG. Over his 12-year tenure, he grew it to be a Fortune 200 company, engaged in conventional power generation and, after the acquisition of Reliant in 2009, in competitive retail electricity services. David pioneered the yieldco asset class with the IPO of NRG Yield in July 2013. David also led NRG to the forefront of next-generation clean energy development as one of the nation's largest utility scale renewables company, a top four home solar business, the owner of the world's largest post combustion carbon capture project and the nation's most extensive level 3 electric vehicle charging network.
During his tenue at NRG, David became involved in introducing distributed solar power to Haiti, initially as part of a Clinton Global Initiative commitment in 2011 and, subsequently, has been directly involved or made possible through funding over 30 different solar installations at hospitals, medical clinics, schools, orphanages and community enterprises in the Port-au-Prince area and the Central Plateau.
Prior to NRG, David was president and chief executive officer of International Power Plc, a London-based FTSE 100 company.
David is a global thought-leader on climate change, sustainable development and the energy sector’s role in reducing greenhouse gas emissions. He is a member of The B Team, where he heads the Net Zero by 2050 initiative, and a board member for Vote Solar, which advocates to make solar a mainstream energy resource across the U.S. He is an editor-at-large for greenbiz.com, and a member of the World Business Council for Sustainable Development. He was an active member of the U.S. Climate Action Partnership from 2008 to 2011.
David was named Energy Industry “CEO of the Year” by EnergyBiz in 2010, top CEO in the electric utility sector by Institutional Investor in 2011 and “Entrepreneur of the Year” by Ernst & Young in 2010. David was also awarded the Corporate Environmental Leadership award by GlobalGreen in 2014 and the Equinox Solar Champion Award and most recently The C.K. Prahalad Award for Global Sustainability Business Leadership in 2015.