VAYU™️ Clean Power Reserve Launches $Billion+ Clean Power Fund
- VAYU™️ Acquires Clean Power Rights That Can Be Delivered With Advanced Technology, Provides Clean Power Production Guarantees and Delivers Community Development Support
- Team of Ex-Syracuse University Football Players Leads National Clean Power Efforts
SYRACUSE, N.Y., September 30, 2024 (Newswire.com) - Today, Jim Kiles and Keenan Hale, Managing Directors of the VAYU™ Clean Power Reserve (“VAYU™”), announced ambitious plans to implement "Community Tax Equity" financing for over 2GW of additional clean power in upstate New York, leveraging the benefits of the Inflation Reduction Act (IRA).
The announcement marks the launch of a nationwide initiative by VAYU™ to channel financial support to communities committed to clean energy. The Syracuse project is expected to generate significant economic benefits, potentially bringing hundreds of millions of dollars to Central and Northern New York.
This groundbreaking approach is driven by Syracuse football alumni, including Hale and Kiles of VAYU™, Steve Webster from Flaum Management, and Tyler Marona of Gallagher Insurance. The initial focus on Central New York underscores VAYU™'s commitment to revitalizing the region with sustainable energy solutions.
“Our goal is to quickly scale our support for communities across the U.S. as they transition to clean energy,” explained Hale. “We have identified a redevelopment capacity of 70GW in U.S. wind farms and anticipate similar needs in solar and decarbonized natural gas sectors through 2030.”
The VAYU™ team recently visited Syracuse to support the SU-Stanford game and to launch "offtake" partnerships. These partnerships will enable regional commercial real estate partners to finance clean power projects by selling clean power offtake rights to VAYU™.
“We are thrilled to initiate VAYU™ community financing in Syracuse, New York, where many of us began our careers,” said Kiles.
About VAYU™: VAYU™ is a pioneering investor in Community Tax Equity solutions, promoting universal access to clean power and forming commitments with tax-exempt community partners.
About Keenan Hale: Known for his value-oriented negotiation skills, Hale (Fmr. Legislative Assistant & Govt. Affairs Executive on Capitol Hill) has led multiple billion-dollar deals, strengthening VAYU™'s alliances with industry leaders. His prudent capital management is key to VAYU’s sustained growth and innovation.
About Jim Kiles: Kiles was selected by the U.S. Department of Energy (DOE) in 2014 as the founding instructor of DOE’s Energy iCorps program. His work with leading scientists from the National Defense Labs led to the launch of VayuAI Corp. and VAYU™ Clean Power Reserve, focusing on financing clean power, particularly in wind, solar, and natural gas decarbonization (hydrogen).
For more information, contact info@vayuai.com.
Source: VAYU Clean Power Reserve
