AltEnergy Acquisition Corp
NASDAQ: AEAE.U

AltEnergy Acquisition Corp. (NASDAQ: AEAE) is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the company may pursue an acquisition opportunity in any business industry or sector, AEAE intends to apply its financial and organizational capital to advance alternative energy technologies and infrastructure globally. ​

Overview

Since its inception, AEAE’s sponsor, AltEnergy (AE), has been a founding or lead investor – and active corporate development or management partner — in several significant alternative energy projects and businesses. AEAE will leverage AE’s differentiated experience as an alternative energy leader in the selection of its acquisition target with a focus on businesses with an aggregate enterprise value of approximately $400 million to $1 billion that would benefit from access to public markets and the operational and strategic expertise of the AEAE management team and board of directors.​

Management Team

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Russell Stidolph, CEO

Mr. Stidolph is the founder of AltEnergy, LLC a private equity firm focused on alternative energy investing, where he has served as Managing Director since 2006. He also serves as chair of Eos Energy Enterprises, Inc. (NASDAQ:EOSE), for which AltEnergy has served as lead investor since 2014. Prior to forming AltEnergy, Mr. Stidolph was a Principal at J.H. Whitney & Co., LLC, a middle-market private equity firm based in New Canaan, Connecticut. While at J.H. Whitney, Mr. Stidolph was responsible for starting and developing the firm’s alternative energy investing practice where he was responsible for Hawkeye Renewables, LLC and Iowa Winds, LLC. Mr. Stidolph was both the Chief Financial Officer and Vice Chairman of Hawkeye Renewables, LLC before it was sold in 2006 to Thomas H. Lee Partners, LP. Prior to joining J.H. Whitney, Mr. Stidolph was a member of the corporate finance group at PaineWebber, Inc., that was responsible for high yield and leverage finance origination. Mr. Stidolph also acted as Senior Vice President and Chief Financial Officer of Tres Amigas, LLC and he is currently the Chair of the Company’s board of directors and was Chairman of the board of directors of Viridity Energy, Inc before it was sold to Ormat Technologies in 2017. Mr. Stidolph received a Bachelor of Arts degree from Dartmouth College.

Russell Stidolph

CEO

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Jonathan Darnell, CFO

Mr. Darnell is a Managing Director of AltEnergy, LLC and has over 30 years of experience with the U.S. alternative energy sector spanning the public policy and commercial arenas. Prior to joining AltEnergy, Mr. Darnell founded and ran Patolan Partners, an alternative energy-oriented placement agent that has sourced capital commitments exceeding $450MM, including utility scale solar and wind developments and institutional equity for Eos Energy Storage. Mr. Darnell serves as Trustee and Member of the Investment and Audit Committees of Green Century Capital Management, the nation’s first pure environmentally screened and fossil-free family of mutual funds. He is also a Managing Director at Pickwick Capital Partners, LLC where he holds his Series 7/Series 63 securities licenses. Previously, Mr. Darnell was Vice President at Morgan Stanley & Co., where he advised clients with total capital exceeding $5 billion. Prior to Morgan Stanley, Mr. Darnell served in senior management with The Public Interest Network and as chief executive of Telefund, Inc., serving the nation’s major environmental organizations while achieving a 45% CAGR in profit for 10 years. Mr. Darnell’s current and past board experience includes Green Century Funds, Paradigm Partners, board member, The Public Interest Network, advisory board member, and Citizens for Safe Energy, founding chair. Mr. Darnell graduated magna cum laude with an AB in philosophy from Princeton University and earned his MBA in finance from the Wharton School of the University of Pennsylvania. He is a competitive, former nationally ranked squash player (#12 U.S. Men’s 35-39) and accomplished musician, having trained for eight years in the Pre-College Division of The Juilliard School.

Jonathan Darnell

CFO

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Arul Gupta, COO

Mr. Gupta is a Managing Director of AltEnergy, LLC and has significant project development, capital raising and international investment experience. Mr. Gupta is actively involved in all aspects of the investment process from sourcing, structuring, executing, monitoring and developing and exiting transactions. Mr. Gupta plays an active role in supporting portfolio company management. He also has significant board experience with AltEnergy portfolio companies: Eos Energy Storage, board observer, Viridity Energy, board member, and Tres Amigas, board member. Previously, Mr. Gupta was a banker with Imperial Capital where he advised middle-market clients on restructuring, special situations, liability management, capital raising and mergers and acquisitions across a wide range of industries. Select transactions include raising $250 million in founding equity from a leading middle market private equity firm for a large aftermarket aircraft parts supplier; and advising clients on over $1.5 billion of restructurings in the technology, materials and consumer sectors. Mr. Gupta graduated from Cornell University with a B.S. in Operations Research and Industrial Engineering.

Arul Gupta

COO

Board of Directors

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Daniel Shribman, Chairman

Daniel Shribman has served as chief investment officer of B. Riley Financial and president of B. Riley Principal Investments since September 2019 and September 2018, respectively. Mr. Shribman helps oversee the asset base of B. Riley Financial alongside chief executive officer Bryant Riley. This asset base consists of several cash flow generating operating businesses in addition to cash and investments which includes bilateral loans and small cap equity positions in both public and private markets. In virtually all investments, B. Riley Financial is involved at the board level and active in business and capital allocation decisions. Mr. Shribman has served as a member of the board of directors of TheMaven, Inc. (OTCMKTS:MVEN) since June 2021. Mr. Shribman has served as a member of the board of directors of Alta Equipment Group Inc. (Alta) (NYSE: ALTG) since February 2020, when it completed its business combination with BRPM, where Mr. Shribman was chief financial officer. Mr. Shribman has also served as a member of the board of directors of Eos Energy (NASDAQ: EOSE) since November 2020, when it completed its business combination with BRPM II, where Mr. Shribman was chief executive officer. Mr. Shribman has served as the Chief Executive Officer and Chief Financial Officer of B. Riley Principal 150 Merger Corp. and B. Riley Principal 250 Merger Corp., two special purpose acquisition companies sponsored by an affiliate of B. Riley Financial since April 2021 and May 2021, respectively. Mr. Shribman brings experience in both public and private equity. Prior to joining B. Riley Financial, Mr. Shribman was a Portfolio Manager at Anchorage Capital Group, L.L.C., a special situation asset manager, from 2010 to 2018. During Mr. Shribman’s tenure at Anchorage Capital Group, L.L.C., he led investments in dozens of public and private opportunities across the general industrial, transportation, automotive, aerospace, gaming, hospitality and real estate industries. These investments ranged from public equities and bonds to deeply distressed securities, par bank debt, minority owned private equity and majority owned private equity. Mr. Shribman worked in close collaboration with management teams and boards to maximize shareholder value in the form of both operational turnarounds, capital market financing and capital deployment initiatives. Prior to Anchorage Capital Group, L.L.C., Mr. Shribman worked at Tinicum Capital Partners, a private equity firm, and in the restructuring advisory group at Lazard (NYSE: LAZ). In April 2019, Mr. Shribman led the initial public offering of BRPM, a blank check company with a business purpose substantially similar to the Company, but sponsored by an affiliate of B. Riley Financial. On December 12, 2019, BRPM announced its entry into a definitive agreement relating to its initial business combination with Alta, a leading provider of premium industrial and construction equipment and related services. The transaction was valued at approximately $540 million and closed on February 14, 2020. Further, in May 2020, Mr. Shribman led the initial public offering of BRPM II. On September 8, 2020, BRPM II announced its entry into a definitive agreement relating to its initial business combination with Eos Energy, a leading manufacturer of safe, reliable, low-cost zinc battery storage systems. The transaction was valued at approximately $500 million and closed on November 16, 2020.

Daniel Shribman

Chairman

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William Campbell

William Campbell provides a global law-firm legal perspective on energy and thirty years of experience with the development and operation of  large-scale, global energy and infrastructure projects. Mr. Campbell is General Counsel and Managing Director of I Squared Capital and a member of the Firm’s Investment Committee and head of ESG and Sustainability. Previously, Mr. Campbell served as co-chair of the Global Energy and Infrastructure Practice Group at the international law firm of Gibson Dunn & Crutcher LLP.

William Campbell

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Michael Salvator

Michael Salvator has more than 25 years of experience in the finance, private equity and accounting industries. He serves as Chief Operating Officer of Stone Canyon Industries Holdings, Inc., a global industrial holding company. Previously, he was Senior Managing Director and Chief Financial Officer of J.H. Whitney & Co., a middle market private equity firm. Mr. Salvator began his career as an accountant with the accounting firms of Arthur Andersen and Grant Thornton. Mr. Salvator has served as a board member at several industrial, manufacturing, consumer products and energy companies, including Viridity Energy.

Michael Salvator

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Audrey Zibelman

Audrey Zibelman is a thirty plus year veteran in the power industry and is a well known international expert in power system transformation, regulation, markets and technology. Ms. Zibelman has served in leadership roles as a utility executive, regulator, system operator and entrepreneur. Ms. Zibelman recently stepped down from the role of Managing Director and CEO of the Australian Energy Market Operator, the national grid and market operator of Australia to assume a leadership position in energy at X, the Alphabet Moonshot factory. Prior to AEMO Ms. Zibelman was the Chair of the New York Public Service Commission where she was a member of the Governor’s cabinet and oversaw the electric, gas, water, steam and communication utilities in NY. While in NY Ms Zibelman oversaw massive regulatory reform of the electric industry to support a decarbonized grid, known as Reforming the Energy Vision, or REV. Ms. Zibelman also had previous executive roles at PJM, the US largest wholesale market operator and Xcel energy and was also the founder and CEO of Viridity Energy.

Audrey Zibelman

Committee Composition

DirectorsAudit CommitteeCompensation CommitteeNominating & Corp Governance CommitteeClass
Dan Shribman, ChairmanChair3
Michael SalvatorChair2
William CampbellChair2
Audrey Zibelman1
Russell Stidolph, CEO3