8 Rivers Appoints Asheley Kinsey as New Chief Financial Officer
25 June 2024 - 1:00PM
8 Rivers Capital, LLC, a world-leading decarbonization technology
developer, announced today the appointment of Asheley Kinsey as the
firm’s new Chief Financial Officer.
Kinsey brings 25 years of valuable energy industry expertise to
support 8 Rivers’ mission to develop, deploy and commercialize
infrastructure scale low carbon solutions. Kinsey’s experience
includes corporate and project finance, treasury, capital markets
and mergers and acquisitions experience across the energy value
chain including power, renewables, utilities, midstream and energy
transition.
Kinsey previously served as Senior Vice President of Strategy,
Corporate Development and Energy Transition at TC Energy, one of
the largest energy infrastructure companies in North America. Prior
to TC Energy, Kinsey spent nearly 15 years in the investment
banking industry at RBC Capital Markets, Credit Suisse, and Morgan
Stanley working with companies in the power, utilities, renewables,
midstream, and liquefied natural gas sectors. Over the course of
his career, Kinsey has executed numerous transactions across equity
and debt capital markets, private placements, and mergers and
acquisitions.
“I’m eager to join the 8 Rivers’ team to support the firm’s goal
of delivering low cost infrastructure scale solutions to the
market,” said Kinsey. “8 Rivers is at the forefront of developing
scalable technologies that can be deployed through partnerships
with companies around the globe seeking to achieve decarbonization
goals.”
“We are pleased to have Asheley join us at this critical time in
the energy transition,” said Chris Richardson, 8 Rivers CEO. “His
international experience, energy industry expertise, and leadership
skills will be invaluable in developing, deploying and
commercializing our net zero solutions. 8 Rivers is excited to
welcome him aboard.”
Kinsey joins 8 Rivers amidst a period of strong
business growth. Recently, it announced the first commercial
deployment of its 8RH2 ultra-low-carbon hydrogen platform at
Cormorant Clean Energy, an ammonia plant planned for Port Arthur,
TX. Additionally, Calcite, the Company’s direct air capture (DAC)
platform, was selected as a winner of the U.S. Department of
Energy’s DAC Hub Grant and will serve as an anchor technology for
the Mobile County, Alabama-based Southeast DAC (SEDAC) Hub. The
Department of Energy also recently named 8 Rivers as one of 24
semifinalists in its Carbon Dioxide Removal Purchase Pilot Prize,
which will provide Carbon Dioxide Removal Credit Purchase
Agreements from the DOE to 8 Rivers’ Calcite technology.
MEDIA CONTACTFischTank PR
M. +1 610-390-4471 |
E: 8rivers@fischtankpr.com
ABOUT 8 RIVERS CAPITAL, LLC: 8 Rivers is a
Durham, North Carolina–based climate technology company leading the
energy industry towards achieving net zero. Founded in 2008, 8
Rivers is pioneering the clean energy and climate future through
the invention and commercialization of infrastructure-scale
technologies and projects that enable the global energy transition.
The 8 Rivers technology portfolio includes cleantech innovations
such as 8RH2, an ultra-low carbon hydrogen production technology,
the Allam-Fetvedt Cycle, a transformative low-carbon power cycle,
and Calcite, a hyper-efficient direct air capture process. Learn
more at www.8Rivers.com.