EnerTech Adds new Team Member

November 28th 2018, Toronto, ON and Philadelphia, PA EnerTech Capital is pleased to announce today that they have added David Kelly to their team.

Dave Kelly, CEO of Kelly & Company, brings over 35 years of consulting and executive experience to early stage technology companies that sell primarily to utilities, telecommunications, and IT customers. He can effectively manage and deliver a broad array of services because he has worked with all participants in those markets: buyers, sellers, regulators, and investors.

Over the past 15 years, Dave has been a Partner with EnerTech Capital Partners, a venture fund investing in energy and clean energy technologies.  He advised or took interim executive positions with multiple early stage companies.  He was also the Co-founder, Chairman and CEO of Eleon Power, a chip-scale fuel cell developer.

Prior to forming his own firm in 1986, Dave was a Partner with Theodore Barry & Associates, a management consulting firm specializing in regulated industries, and was Director of the firm’s Productivity Practice.  He has an MBA, University of North Carolina at Chapel Hill; and a BA, North Carolina State University.   

“We are very pleased to have Dave join our firm as a Sector Expert to build upon our significant history of working with our Strategic Partners as they build Open Innovation Programs. Dave’s history of working with Strategics will be an extremely valuable resource to the firm as we build out our thought leadership on the development of Innovation programs ” said Scott Ungerer, Founder & Managing Director, EnerTech Capital.

 “For almost 40 years I’ve worked with all stakeholders in the IOU, Muni and Coop utility markets:  Companies, customers, investors, regulators and suppliers, usually with a focus on using innovative technologies to improve financial and operational performance.  To work again with my old firm as a Sector Expert for Utilities, assisting their Strategic Partners in finding and implementing today’s innovations, seems like a potentially profitable match for everyone involved.  Look forward to working with you.” said David Kelly.


About EnerTech Capital


EnerTech Capital is a private investment firm focused on innovation in the energy and technology industries: investing in mid-stage venture companies that offer products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million and has delivered 38 exits through four funds. EnerTech Capital is continuing its strong focus on the significant energy related opportunities in North America. The firm has built a significant base of Strategic Partners which includes: ENGIE, Waste Management, Hatch, Newalta, ENMAX, NB Power, Hydro Quebec, INO, Con Edison, SMUD, SoCal Gas and Tokyo Gas.

EnerTech has offices in Toronto, Philadelphia, Montreal, Calgary, Boston and San Francisco.

For more information, visit:


CONTACT: Wally Hunter:  416-363-8563 whunter@enertechcapital.com

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