AltEnergy Acquisition Corp.
We intend to focus our efforts on businesses that leverage our management team’s experience in acquiring and operating businesses that are involved in renewable energy or related clean technology, which we refer to as the alternative energy sector. We intend to focus on the significant opportunities we believe will result from the ongoing transformation of the energy ecosystem and the macro trends related to electrification and decarbonization – global changes which Bloomberg Energy Finance (BNEF) projects will require an investment of between $78 trillion and $130 trillion through 2050. Specifically, we believe that select companies will represent opportunities stemming from these vast capital flows, and the best of these companies will provide exceptional high-growth investment opportunities.
We believe our management team and Board of Directors (our leadership team) have a highly specialized and tailored set of qualifications to capitalize on these opportunities. Our Company is led by its founder, Chief Executive Officer and Chairman of the Board of Directors, Russell Stidolph. Mr. Stidolph has over two decades of experience investing in and building businesses in the alternative energy sector. In 2000, he started the alternative energy practice at JH Whitney, a pioneer in private equity, founded in 1946. He founded AltEnergy, LLC (“AltEnergy”, including affiliated investment entities and co-investors) in 2006 and has remained focused on the sector since, serving as Managing Director and Principal. Mr. Stidolph has led investments in nine alternative energy businesses and infrastructure projects, co-founding and serving as chairman of four, and serving as Chief Financial Officer of two. These investments span private companies in biofuels (Hawkeye Renewables), renewable power generation (Iowa Winds, American Heartland Wind, Broadview Energy), demand response software (Viridity), transmission infrastructure (Anbaric Power, Tres Amigas, Western Interconnect), and energy storage technology (Eos Energy Storage, now Eos Energy Enterprises, Inc., NASDAQ: EOSE). AltEnergy has been the lead investor of Eos since 2014 and Mr. Stidolph serves as chairman, having taken the company public through a SPAC transaction with B. Riley Principal Merger Corp. II in November 2020.
(Note: AltEnergy Acquisition Corp. priced its SPAC IPO on Oct. 28, 2021, in line with the terms in its prospectus: 20 million units at $10 each to raise $200 million.)
|Address||600 Lexington Avenue 9th Floor New York, NY 10022|
|Phone Number||(203) 299-1400|
|View Prospectus:||AltEnergy Acquisition Corp.|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$200.0 mil|
|Manager / Joint Managers||B. Riley, Inc.|
|Expected To Trade:||10/29/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|