(Note: Silver Sustainable Solutions Corp. withdrew its SPAC IPO plans in an SEC filing dated May 22, 2023. The S-1 was filed on Feb. 16, 2022.)
We intend to focus our search for an initial business combination on companies that develop, use or sell clean economy technologies.
Climate change is the defining issue of our time. Rising global temperatures are accelerating environmental degradation, increasing the severity of natural disasters, heightening food and water insecurity, disrupting global supply chains and exacerbating geopolitical conflicts. The effort to decarbonize will affect virtually every sector of the global economy. Transportation, electricity, industry, the built environment and agriculture account for over 90% of greenhouse gas emissions globally, and the way business is done will change in all of these areas. As a result, there are significant investment opportunities across all these sectors, through the use of new technology and the redesign and reorientation of more traditional business models.
Jonathan M. Silver, our CEO and board chairman, is also one of our three co-founders. Mr. Silver is one of the nation’s best-known clean economy investors and advisors. He led the Loan Program Office at the U.S. Department of Energy, the federal government’s $40 billion clean energy investment fund, during the Obama administration. That fund – the largest fund of its kind in the world – provided the first debt capital to Tesla. Earlier in Mr. Silver’s career, he was a managing director and the COO (chief operating officer) of Tiger Management, one of the world’s largest hedge funds.
Our other two co-founders are:
Our CFO, Michael Allman. He is the former CFO of Sempra Energy’s global business operations.
Our chief technology officer, Dr. Arun Majumdar. He is the Jay Precourt Provostial Chair Professor at Stanford University and the former director of the Stanford Precourt Institute for Energy.