Altus Power, Inc. announced the appointment of Steve D’Agostino to the new position of Head of Analytics. In this position, Mr. D’Agostino will lead the Company’s efforts to enhance Altus Power’s analytics platform to better track the delivery of benefits to the Company’s customers and provide real time analysis of the financial performance of Altus Power’s assets for the benefit of all our stakeholders.
Altus Power previously announced an agreement for a business combination with CBRE Acquisition Holdings, Inc. (NYSE: CBAH), which is expected to result in Altus Power becoming a public company listed on the New York Stock Exchange. CBAH is a special-purpose acquisition company sponsored by CBRE Group, Inc. (“CBRE”). The transaction is expected to close in Q4 2021.
Mr. D’Agostino will drive the design of modeling software at the rapidly growing clean electrification company and add robustness to Altus Power’s analytics platform, by enhancing the analytical and reporting capabilities that support the end-to-end service for Altus Power’s customers. The analytics platform will also support the real-time and projected performance of Altus Power’s assets, which will help to inform the Company’s interactions with rating agencies and facilitate access to capital, including the solar securitization market.
“At Altus, we are extremely focused on providing a seamless end-to-end service for our customers, and our technology and analytics platforms are a critical part of our growth plans,” said Altus Power Co-Founder and Co-CEO, Lars Norell. “We welcome Steve to our team and are excited about the capabilities he will bring to the design of our analytics and improved reporting systems.”
Mr. D’Agostino began his career at Credit Suisse, where he modeled and structured securitized transactions backed by mortgages and other types of fixed income assets featuring predictable cash flow properties. After a similar role at Chase Securities, Mr. D’Agostino went on to head the Technology & Analytics efforts for the Global Structured Credit Products group at Credit Suisse and then Merrill Lynch. Most recently, Mr. D’Agostino worked at JVB Financial Group where he began as head of Technology & Analytics for the entire firm, overseeing all analytics and systems used in both the structuring and investment management of the firm’s securitized transactions. He subsequently was promoted to Managing Director and Head of JVB’s Small Business (SBA) loan securitization and trading effort. Over a 12 year period, Mr. D’Agostino oversaw analytics used for the purchase and securitization of loans, personally completing over 80 securitized transactions.
“I look forward to collaborating with the fantastic team at Altus Power and strengthening Altus Power’s analytical capabilities to serve existing customers, drive growth of the Company’s portfolio and improve analytics for all stakeholders,” said Mr. D’Agostino.
About Altus Power
Altus Power, based in Stamford, Connecticut, is creating a clean electrification ecosystem, serving its commercial, public sector, and community solar customers with locally-sited solar generation, energy storage, and EV-charging stations across the U.S. Since its founding in 2009, Altus Power has developed or acquired over [350] megawatts from Vermont to Hawaii. Visit altuspower.com to learn more.
About CBRE Acquisition Holdings, Inc.
CBRE Acquisition Holdings, Inc. (“CBAH”) is a blank-check company formed solely for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CBAH is sponsored by CBRE Acquisition Sponsor, LLC, which is a subsidiary of CBRE Group, Inc.
