About Modern Energy

Who we are

The Modern Energy team is comprised of clean energy industry and functional experts that operate across Modern Energy platforms.

Find out more about our team here:

Who we are

Current PLATFORMS



Our portfolio includes majority-owned platforms delivering distributed energy solutions to customers and markets in the United States and Brazil.

As a certified B-Corp, Modern’s mission is to bring distributed energy innovations to market to make clean energy abundant for all. The firm is headquartered in Durham, North Carolina.



Faro Energy


Headquartered in Sao Paulo, Brazil, Faro Energy develops, builds, owns and operates community solar projects. Its customers include some of the largest telecom and pharmaceutical companies in Brazil. Faro has saved its customers ~R$ 24.5 million on energy bills.

American Efficient


Co-located at Modern Energy’s headquarters in Durham, North Carolina, American Efficient partners with manufacturers, retailers, contractors, developers, distributors, electric utilities and grid operators to develop and manage portfolios of energy efficiency resources.

Industrial Sun


Based in Austin, Texas, Industrial Sun develops large-scale solar projects for power sale to industrial clients operating across Texas’ ERCOT energy market.

Portfolio Leadership

 

Pete Curtice
Pete Curtice
CEO, American Efficient
Prior to joining American Efficient, Pete held various leadership roles at SAS Institute and Opower, where he led energy efficiency and demand response sales for Investor Owned Utilities. He is the past Chair of the Board for the Southeast Energy Efficiency Alliance and has served on the boards for the Special Olympics North Carolina and Urban Ministries of Wake County. Pete holds an MBA from the Fuqua School at Duke University and BS from the University of North Carolina at Chapel Hill. He lives in Raleigh with his partner Maria and his three kids – Jack, Noah and Barrett. Close
Bo Clayton
Bo Clayton
CIO, American Efficient
Prior to joining American Efficient, Bo held various marketing, origination, and finance roles at Citigroup, Credit Suisse, and JPMorgan, where he provided strategic planning, risk management, and liquidity services to the firms’ clients in the power sector. He holds an MBA from The Wharton School at the University of Pennsylvania and an AB in economics from Harvard College, where he played varsity soccer. Bo lives in Durham with his wife, two sons, and two dogs. Close
Angela Fox
Angela Fox
Head of Market Operations, American Efficient
Angela Fox is the Head of Market Operations at American Efficient. Prior to joining American Efficient, Angela led business development teams at an international non-profit on over 75 bids from 40+ clients ranging from $400K to $750M, including large anchor USAID and BMGF projects. She led diversification efforts through managing collaborative efforts with corporate strategy on competitive funding landscapes and business opportunity planning as well as overhauling the strategic small bidding process for low dollar projects with new funders. Angela also worked in operations for a defense consulting firm overseeing OCONUS contractors on work with DOD, DOS, and foreign ministries. She graduated from Duke University with distinction and now lives in Durham with her husband and son. Close
Tyler Curtis
Tyler Curtis
Head of R&D, American Efficient
Tyler Curtis serves as the Head of Research and Development for American Efficient. Prior to joining American Efficient, Tyler led research, data science and product development teams at Capital One, Opower and Amazon. Most recently, Tyler led new product development at Capital One Labs, supporting the bank’s digital transformation by creating learning products focused on software development, machine learning and data engineering for 9000+ technology staff. As a founding member of Opower, Tyler built the Data Science practice. He invented the algorithmic underpinnings of Opower’s energy efficiency software business, securing the company’s first three patents. Tyler holds a BSE from Duke University. Tyler lives in Durham, NC with his wife, two sons and a remarkable three-legged dog. Close
Pedro Mateus
Pedro Mateus
CEO, Faro Energy
Pedro joined Faro from his role as Finance Executive at Renova Energia, the largest Brazilian wind Independent Power Producer (IPP) company in Brazil, where he was responsible for corporate restructuring. Previously, Pedro was an Investment Director at Rioforte Brazil, a private equity investment holding company with EUR 3 billion of assets under management. At Rioforte, Pedro held board positions in renewable energy (hydro and wind) and agribusiness portfolio companies. Prior to this, Pedro was a Director at Ecoprogresso, where he was deeply involved in the creation and investment of the first Portuguese carbon fund (Luso Carbon Fund) and led successful investments in Brazil and China. Close
Felipe Ábalos
Felipe Ábalos
Chief Operating Officer, Faro Energy
Felipe joined Faro Energy in 2016 as Solar Engineering Specialist. Previously, Felipe was a Senior Analyst for Business Development, Market Research and Solar DG Go to Market Strategy at Renova Energia, the largest Brazilian wind Independent Power Producer (IPP) company in Brazil. During this period, he also took part in international M&A transactions, utility scale solar projects development and energy auctions. Prior to Renova, Felipe held roles at several e-commerce start-ups. Felipe holds a degree in Civil Engineering from the University of São Paulo. Close
Dan Seif
Dan Seif
Managing Director, Industrial Sun
A co-founder and Managing Director of Industrial Sun, Dan oversees origination and finance operation. Dan formerly was the VP of Market Development at 7x Energy where he spearheaded new large-scale solar solutions for industrial facilities in the ERCOT power market as well as other new market deployment business models. Dan is a 15-year veteran of the renewable energy industry, with roles prior to 7x Energy including business development and market analysis consulting as well as private equity investment, with prior employment at US Renewables Group (USRG), Rocky Mountain Institute (RMI), and The Butler Firm and business proprietorship via Grid Economics and Seif Consulting. Dan holds an MPA from Harvard, as well as chemical engineering degrees from the University of Virginia (BS) and the University of Arizona (MS). Close
Wade Gungol
Wade Gungol
Managing Director, Industrial Sun
A co-founder and Managing Director of Industrial Sun, Wade has served as a development executive or General Counsel for over 2GW of utility-scale solar energy projects across the United States, including some of the largest projects in operation today. As a result of his efforts, more than $2 billion in funds have been successfully invested in operational renewable energy projects, with enough clean energy generated to power the equivalent of over 500,000 American homes. Earlier in his career, he was a General Counsel and land management executive in the oil and gas industry. Mr. Gungoll earned a B.A., with distinction, from Yale and holds a J.D. from Columbia Law School. Close

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