CalCEF Innovations5 Third St. Suite 1125
San Francisco, CA 94103
P: 415 957 0167 F: 415 957 0177
general info: info@calcef.org
Demonstration Finance
The absence of this kind of financial support is a significant impediment to the maturation of new generation technologies, and is consistently identified by thought leaders as a major gap in the financial architecture of clean energy. The absence is not surprising, however – risk is high, and success is likely to mean the creation of upside for the next investor, such as a traditional project finance lenders. However, a structure that leverages public funds nominally dedicated to efforts such as this – perhaps into a convertible debt instrument, for example – could be potentially attractive financially. Technologies emerging from the many California centers of innovation are potential candidates for public-private partnerships such as this.
Eliot Jamison is an entrepreneur in residence at CalCEF Innovations and also a principal with Infrastructure Capital Partners, an infrastructure development and investment firm. His professional experience is primarily in finance and private equity investment, as well as advisory work on public private partnerships and social enterprise. Most recently, he was an investment professional at Babcock & Brown in their North America Infrastructure and Project Finance group. Previously, he held positions with Origo Inc, Bessemer Partners and Merrill Lynch. Mr. Jamison has a BA from Columbia University and an MBA from the University of California, Berkeley (Haas School of Business).
