Renew Financial, a clean energy finance company, has appointed Gaurav Kohli as executive vice president of Technology.
This announcement comes on the heels of Renew Financial’s $1 billion funded project milestone, signaling an expansion of the company’s senior management team as it enters its next growth period, the company said.
At Renew Financial, Gaurav will oversee all aspects of the technology organization including Strategy & Architecture, Development, Systems and Test Engineering, Security, Database Management & Desktop Support.
Gaurav has more than 15 years of leadership experience architecting, developing and integrating enterprise software in Financial and Telecommunications industries.
He was most recently Vice President of Merchant and Acquirer Processing at Visa where he oversaw a global architecture and development team aimed at delivering next-generation transaction platforms for eCommerce.
Prior to his role at Visa/CyberSource, he held a number of leadership roles at FirstFranklin/Merrill Lynch and Mediagate.
“I’m inspired by Renew Financial’s mission and thrilled to have this opportunity,” said Kohli. “It is a dynamic, innovative company that makes it easy and affordable for consumers to invest in home efficiency upgrades, saving them money on utility bills and allowing them to live more comfortably. I look forward to enabling the next phase of growth for Renew Financial.”
Renew Financial has funded over $1 billion in projects across its Property Assessed Clean Energy (PACE) and EnergyLoan financing programs, creating more than 15,000 jobs across 15 states.
Energy efficiency and renewable energy upgrades financed by Renew Financial have cut total greenhouse gas emissions by 2.3 million metrics tons and saved 877 million gallons of water, company officials said.
Renew Financial was founded in 2008 by former White House appointee and U.S. Department of Energy official Cisco DeVries, who originated the concept of Property Assessed Clean Energy (PACE), Renew Financial now provides multiple financing products across the country.
PACE enables property owners to finance the entire cost of energy and water efficiency and renewable energy upgrades to their homes and businesses, and then repay those costs on their property tax bill.