James A.C. McDermott

Jim has served as a member of our board of directors since founding the company in July 2007. Jim holds significant experience in the energy industry and acute experience with development stage companies. He has served as Managing Partner and Managing Director of US Renewables Group since 2003, a private equity firm that he co-founded. Before co-founding US Renewables Group, he worked as a private equities investor for Prudential’s Private Capital Group. As an entrepreneur, Jim has launched and run three software startups—Spoke Software, Archive, and Stamps.com (NASDAQ: STMP)—and invested in numerous others, among them NanoH2O, Inc., Real Practice, Inc., OH Energy Inc. and MagnaDrive. In addition, he has invested in more than 20 start-ups in the energy and internet sectors. He started his career as a public power banker with Credit Suisse’s Municipal Finance Group in New York. Jim also previously served as a director of the American Council on Renewable Energy, or ACORE. He holds a B.A. in philosophy from Colorado College and an M.B.A. from the Anderson School at UCLA.