SANTA ROSA, Calif., June 21, 2016 /PRNewswire/ -- Ygrene Energy Fund, the leading national provider of residential, commercial and multifamily property assessed clean energy (PACE) financing, announced today it has appointed Peter Orrell as Executive Vice President, Business Development and Products. A 20+ year consumer finance veteran of American Express Company, Orrell will lead business development and product strategy to expand Ygrene's product offerings and partnerships as it grows to meet demand for its clean energy financial service solutions.
"We're at an inflection point with PACE, and consumer finance, in general, that makes this an incredible time to join Ygrene," said Peter Orrell, Ygrene EVP, Business Development and Products. "Ygrene has all the components, from systems to financial expertise and most of all its culture, to build the kind of aspirational blue-chip brand that American Express has become. A vigilant dedication to consumer protections, disclosures, education and leadership is fundamental to Ygrene's brand. I see all of these in the high caliber team Ygrene has assembled as well as in the exponential growth it's experiencing in the market."
During his 20+ year tenure at American Express, Orrell led some of the Fortune 50's highest growth segments, from its Merchant Services Group, to theCorporate Card & Business Travel division to its airline business until becoming GM of the Global Client Group. In his new role at Ygrene, Orrell will leverage his experience in creating a seamless consumer experience that dovetails with today's demand for a clean energy financial services firm, while providing the highest quality safeguards and customer service for people to safely and affordably make improvements to homes and businesses, reduce CO2 emissions and protect the planet for future generations. For more information, download Ygrene's customer assurances and protections booklet.
With more than $785 million in committed capital, Ygrene is bringing scale resources to over 254 communities across the nation. To date, the YgreneWorks program has provided over $437 million in energy efficiency, renewable generation, water conservation and climate resiliency upgrades, resulting in $1.1B in economic stimulus, 6,549 new jobs created and sustained, 524 metric tons of CO2 reduction, 1.9B gallons of water saved, and $873M in utility bill savings.
"As PACE financing accelerates towards national adoption, Ygrene remains focused on the development of innovative clean energy financing mechanisms to provide consumers and businesses easy ways to access affordable capital necessary for making investments that conserve energy and protect against climate change," said Stacey Lawson, CEO & President of Ygrene. "Peter brings both vision and the highest level of knowledge in strategy, financial product services and the customer experience to Ygrene as we embark on this significant new growth phase."
About Ygrene Energy Fund
Ygrene Energy Fund is the nation's leading multi-state provider of residential and commercial clean energy financing. The award winning, privately funded YgreneWorks™ program provides immediately accessible financing with no upfront costs for energy efficiency, renewable energy, water conservation and, in certain areas, hurricane protection, electric vehicle charging stations and seismic upgrades. Ygrene is committed to making it easy for property owners to invest in their future and a healthier environment. Over the next five years, YgreneWorks is projected to create tens of thousands of local jobs and invest hundreds of millions into local economies. Learn more at ygreneworks.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/peter-orrell-20-year-consumer-finance-veteran-from-american-express-joins-ygrene-300287582.html
SOURCE Ygrene Energy Fund