Macquarie Capital Advances Global Energy Technology Effort with Senior Appointment

Macquarie Capital, the corporate advisory, capital markets and principal
investment arm of Macquarie Group, today announced the appointment of
Greg Callman as Senior Managing Director and Global Head of Energy
Technology to lead the firm’s efforts related to energy storage and
distributed solutions.

Mr. Callman joins Macquarie Capital from Tesla, where he was Global
Director of Business Development and Market Entry for Energy Products.
At Tesla, Mr. Callman developed the commercial approach that grew the
company’s US storage business from pilot projects to a portfolio that
today includes a 52MWh PV-paired battery that provides dispatchable
renewables on Kauai, an 80MWh standalone battery that provides peaking
capacity in Southern California, and the first fleet
commercial/industrial systems to combine front and behind the meter

Mr. Callman also established Tesla’s energy storage businesses in
Europe, Australia, and New Zealand from the ground up. In total, he has
been instrumental to more than 500MWh of projects across residential,
commercial and utility segments, including landmark projects such as a
129MWh system in South Australia that helps to stabilize the grid. In
addition to storage, Mr. Callman drove the development of Tesla’s
Supercharger business in both North America and Europe, which has
enabled the deployment of 10,000 charging stalls globally.

Based in San Francisco, Mr. Callman will develop projects and products
globally on a wide range of energy solutions, including battery storage,
microgrids, electric vehicles, distributed energy, and consumer energy.
His appointment comes during a time of rapid innovation and
commercialization of energy storage and distributed solutions, fueled by
increases in energy consumption, a growing demand for renewable power,
and the accelerating adoption of new technologies such as electric
vehicles and home batteries.

“Macquarie Capital is an established leader in advising and investing
with companies offering innovative energy solutions, and storage will
play a pivotal role in the future of energy,” said Michael Silverton,
Head of Macquarie Capital Americas. “Greg is an authority in energy
solutions with a track record combining innovation and operational and
commercial success.”

Macquarie Capital has also driven innovation in energy storage. In 2017,
Macquarie Capital, Advanced Microgrid Solutions (AMS) and CIT closed a first-of-its-kind
project, financing of battery-based energy storage systems. The
financing backed a 50MW fleet of behind-the-meter, battery storage
systems located in grid-constrained pockets of the West Los Angeles
Basin. Macquarie and AMS have been jointly developing the portfolio.
Macquarie Capital also invested in the first solar-to-battery project
structure in South Korea to receive private investment. The project
combined an existing 3MW solar farm and the construction of a 6.5MW hour
energy storage system.

“Storage has a transformational role to play through the next decade,
including shifting control to consumers and businesses on both the
availability and cost of power,” said Mark Dooley, Global Head of Green
Energy at Macquarie Capital. “The addition of Greg Callman will help
position us at the front of that transformation, better enabling us to
deliver fast-evolving financial solutions to clients and partners in a
rapidly changing industry.”

Storage is one element of Macquarie’s leading global renewables
franchise. The firm is the leading investor in renewable generation
assets across Europe, Asia, the Americas and Australia, which was
furthered by the firm’s 2017 acquisition of Green Investment Bank from
the UK Government, now called the Green
Investment Group, a dedicated green investment business that has led
over $20 billion of investment into green infrastructure assets and
projects. Recent notable transactions of GIG include the development and
construction of the 650MW Markbygden ETT wind farm in Northern Sweden,
the largest single-site onshore wind farm in Europe, and the development
and construction of the world’s
largest new build biomass power station in the UK.

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial,
advisory, investment and funds management services. Founded in 1969,
Macquarie employs more than 14,400 people in over 25 countries. At March
31 2018, Macquarie had assets under management of $381.8 billion. For
more information, visit www.macquarie.com.

About Macquarie Capital

Macquarie Capital combines grounded thinking with innovative approaches
to develop transformative ideas and realize greater possibilities for
our clients – our partners. We look beyond convention to connect our
clients with ideas and opportunities others don’t see, while our global
platform, specialized expertise and comprehensive services allow us to
deliver what others can’t.

Our capabilities encompass corporate advisory and a full spectrum of
capital solutions, including capital raising services from equity, debt
and private capital markets and principal investments from Macquarie’s
own balance sheet. These offerings are reinforced through our deep
sector expertise in aerospace, defense and government services,
consumer, gaming and leisure, financial institutions, infrastructure and
energy, real estate, resources, services, telecommunications, media and
technology sectors across the US with 402 transactions completed, valued
at $264 billion in the year to 31 March 2018.

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