Microgrid developer Enchanted Rock has named a longtime energy industry fiscal leader at its new chief financial officer.
The hiring of Josh Shapiro will guide the strategic and financial planning at Houston-based Enchanted Rock as its strives to keep growing in a more decentralized energy future. The company already has done numerous projects around the country, including microgrid and gen-set deals with municipal entities, Microsoft and others.
Shapiro joins the firm previously having worked as CFO at hydraulic fracturing service provider U.S. Well Services and as senior vice president of finance and corporate development at ProFrac Holding Corp.
“I am very excited to join the Enchanted Rock team and help continue to execute its strategic vision,” he said. “I believe this company has the track record, technology and people to capitalize on the growing demand for microgrid solutions.”
He succeeds former CFO Sanjeev Kumar, who will remain on board as advisor. Kumar had spent the past year heading up the financial side of Enchanted Rock, and prior to that worked at Global Growth Holdings, GlassPoint Solar and EverStream Energy Capital Management.
Enchanted Rock was founded in 2006 and has strengthened its role in microgrid on onsite power solutions for end-use customers such as data centers and infrastructure providers such as waterworks. It is working on a project to supply renewable natural gas for generators at Microsoft facilities.
“We are thrilled to welcome Josh Shapiro to Enchanted Rock,” CEO Thomas McAndrew said in a statement. “His knowledge of the sector, paired with his extensive experience as a financial executive, make him a great fit for the role as the company continues to grow in terms of size and capabilities. We are also extremely grateful that Sanjeev will remain involved as an important resource for us going forward.”
Among its customers on recent projects includes San Antonio Water Systems, food distributor Ben E. Keith, a Microsoft data center, and Fort Bend County, Texas, Levee Improvement District.
