David Buzby has over 30 years of business experience in sustainability, renewable energy, and technology, including forming several billion-dollar public companies in the sustainability industry as well as raising $1.5 billion of co-investment from institutional investors over a period of 30 years.
David is chair of the board of Stem, Inc. (NYSE:STEM), where he was a founding investor and has served as a director since 2010. Stem is a leading energy storage/grid services company in North America, which has completed a de-SPAC merger with Star Peak Energy Transition Corp. (NYSE:STPK) and is valued at approximately $4.4 billion on a combined basis as of 18 June 2021. David is also on the board of directors of Spring Valley Acquisition Corp. II, a sustainability SPAC that filed on 16 February 2021 with the SEC to raise up to $200 million in an initial public offering and plans to list on the Nasdaq under the symbol SVIIU. David also serves on the board of Leading Edge Equipment Technologies, Inc. a privately held company in the US developing solar wafers. David has also served on the investment committee of PRIME Coalition, a venture capital company, since 2016 and served as a Director of Cambrian Innovation, Inc., a wastewater treatment company, from 2016 to 2020.
In addition, he was an early investor and board member in Sunrun, Inc. (NASDAQ:RUN) from 2008 through 2012, helping to lead the company, which completed its IPO in 2015, to attain a leading market share in residential solar in the U.S. in 2018 and to a current market capitalisation of approximately $10.7 billion as of 18 June 2021. David was also a founding investor, Chairman and Chief Executive Officer of SunEdison (NASDAQ:SUNE) helping create one of North America’s leading solar developers before selling the company to MEMC Electronic Materials, Inc. (NYSE:WFR) in 2009 for approximately $323 million including earn-out value. David was also a founding investor and board member and chair of the audit committee of ValueClick (NASD:VCLK) which completed its IPO in 2000 and subsequently was later sold to Alliance Data Systems Corporation (NYSE:ADS) for approximately $2.3 billion in 2014.
David has been at the forefront of financial innovation in the climate transition industry, helping develop the world’s first commercial and residential solar PPA’s and energy storage-as-a-service agreements. These innovations not only created industry leading platform companies (Sunrun, Stem, SunEdison), but also attracted significant capital to business models that propelled overall industry growth and sustainability impact. He has held 12 board seats in both public and private companies and held various senior executive roles in numerous companies, including Chairman, Chief Executive Officer, Chief Operating Officer and Chief Financial Officer. David received his MBA from Harvard Business School in 1988 and BA from Middlebury College in 1982.