“NGP ETP” or the “Fund”, a leading energy technology private equity fund, today announced that Brad L.. Prior to joining NGP Energy Technology Partners, Brad served as the Director of Co
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FOR IMMEDIATE RELEASE
NGP ENERGY TECHNOLOGY PARTNERS
ANNOUNCES THE ADDITION OF FORMER DOE DIRECTOR OF COMMERCIALIZATION AND
DEPLOYMENT BRAD BARTON AS PRINCIPAL
Washington, DC – January 7, 2008 – NGP Energy Technology Partners, L.P (“NGP ETP” or
the “Fund”), a leading energy technology private equity fund, today announced that Brad L Barton has joined the firm as a Principal
Prior to joining NGP Energy Technology Partners, Brad served as the Director of Commercialization & Deployment for the Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) While at DOE, Brad was responsible for accelerating the deployment of emerging energy technologies into the marketplace In this role, he worked closely with national research laboratories such as the National Renewable Energy Laboratory and Oak Ridge National Laboratory, industrial partners and leading venture capital firms to develop unique public-private partnerships The National Lab Entrepreneur-in-Residence program, the Technology Commercialization & Deployment Fund and the Department of Energy Venture Capital Technology Showcase are among the innovative programs implemented under Barton’s leadership Brad was also responsible for developing ideas to implement the department’s new authority to establish an Advanced Research Program Agency for Energy (ARPA-E) program and advised on tax policy pertaining to renewable energy
Prior to joining the Department of Energy, Barton spent seven years at Hillwood Development, a Perot Company, where he managed investments in natural gas, pharmaceuticals, clean energy and enterprise software He holds a B.S in Industrial Engineering from Texas A&M University and an M.B.A from Stanford University
NGP ETP’s Managing Partner Philip J Deutch stated, “We are very pleased that Brad is joining NGP Energy Technology Partners Brad’s background mirrors the focus of the Fund – he has experience in both private equity and energy technology and at the DOE, Brad focused on commercializing technologies, precisely what the companies in our portfolio do every day Brad
is an excellent addition to our team.”
NGP Energy Technology Partners, L.P is a Washington, D.C.-based $148 million private equity fund investing growth capital in companies that provide technology-related products and services
to the oil and gas, power and alternative energy sectors The fund is managed by investment
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professionals with extensive experience investing in virtually all types of energy technologies and a strong track record of helping companies grow, create value, and establish strategic partnerships NGP Energy Technology Partners is an affiliate of NGP Energy Capital Management, a leading investment firm with over $7.7 billion of cumulative capital under management which serves all sectors of the energy industry
NGP Energy Technology Partners may be contacted at (202) 536-3920 or www.ngpetp.com
NGP Energy Technology Partners Contact:
Philip J Deutch
Managing Partner