Albert R. Morales Selected to Lead PurEnergy, a NAES Company

February 23rd, 2018

NAES Corporation has chosen Albert R. Morales, a veteran energy and infrastructure executive, as President of its subsidiary PurEnergy LLC, a leading provider of asset management services in the power sector. Mr. Morales has joined PurEnergy effective February 1 and will assume leadership of the company June 1 when its founders, Don Scholl and Tom Murphy, transition into senior advisory roles.
“I’m delighted that Al is joining the team and will be leading PurEnergy into its next epoch,” said NAES Chief Operating Officer Tom Bartolomei. “Don Scholl and Tom Murphy have built a dynamic and highly successful organization, and their continued involvement is a testament to their commitment to the business, its clients and its employees.”

Albert R. MoralesMr. Morales added, “I’m honored to join PurEnergy and excited about its prospects for future growth and expansion. I look forward to working with recently named Vice Presidents Joel Lepoutre and John Hanlon as we continue to unlock synergies with NAES and its growing family of companies.”

NAES, the largest provider of third-party power plant O&M services in the United States, acquired PurEnergy in 2016. The company has provided NAES a vital platform for expansion into the asset management space.

A senior-level leader with management, finance and legal expertise in the renewable energy, manufacturing and infrastructure sectors, Mr. Morales brings a successful track record of company-building and project development. His unique, cross-functional background includes roles as CFO, COO, investment banker and attorney. Mr. Morales holds a JD from Columbia Law School, an MBA from Columbia Business School and a BA from Cornell University.

The PurEnergy team has deep expertise in optimizing project reliability and efficiency, making the best decisions on capital improvements and protecting the owner’s investment. They know how to turn around troubled energy assets and enhance solid performers. Whether analyzing off-take arrangements, property tax assessments, permitting issues or operational reliability – PurEnergy has the know-how to make power assets work most efficiently and profitably.

An independent services company, NAES is dedicated to delivering value to facilities across the power generation, oil & gas, petrochemical, pulp & paper, and manufacturing industries. The company draws on its deep experience in operations, maintenance, fabrication, construction, engineering, and technical support to build, repair, and operate plants that run safely, reliably and cost-effectively. In addition to PurEnergy, the NAES family of companies includes Greenberry Industrial, Olsson Industrial Electric, NAES Power Contractors, E3 Consulting and Gridforce Energy Management.

NAES is a wholly owned subsidiary of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU ranks among the world’s largest corporations.

NAES Corporation Acquires PurEnergy LLC

June 28th, 2016

ISSAQUAH, WA – NAES Corporation, a broad-based provider of plant operations, maintenance, fabrication, construction, engineering and technical services, has acquired PurEnergy LLC, an operations and asset management firm that provides services to power plant owners and lenders to assist in managing their power generating assets while optimizing the economic benefit.

“PurEnergy further strengthens the breadth and depth of our capabilities to operate and add commercial value to power generating assets.” said Robert E. Fishman, President and CEO of NAES. “The group has deep expertise in optimizing reliability and efficiency, making the best decisions on capital improvements and otherwise protecting the owner’s investment.”

NAES Chief Operating Officer Tom Bartolomei added, “Integrating PurEnergy with our Power Services group will augment both our plant operations business and our technical/financial advisory services. It will add a layer of expertise in working with financial covenants, fuel supply chains and power purchase agreements that we have not previously offered.”

Don Scholl, President of PurEnergy, said, “We’re excited to join the NAES family and believe we will fill a critical niche in their service platform. Our strict cost control philosophy incorporates incentives that align the interests of the owner with those of the operator. We look forward to continuing our 20-year heritage of best practices and owner satisfaction as part of NAES.” PurEnergy will keep its headquarters and continue its operations in Syracuse, NY, and will continue to do business under the PurEnergy LLC name.

About PurEnergy

PurEnergy is a dynamic company founded on a synthesis of talented and seasoned individuals who have a wealth of experience in the energy industry: people who know how to turn around troubled energy assets and enhance solid performers. Whether analyzing off-take arrangements, property tax assessments, permitting issues, credit facilities or operational reliability – PurEnergy has the know-how to make projects work most efficiently.

About NAES

An independent services company, NAES is dedicated to delivering value to facilities across the power generation, oil & gas, petrochemical, pulp & paper, and manufacturing industries. The company draws on its deep experience in operations, maintenance, fabrication, construction, engineering, and technical support to build, repair, and operate plants that run safely, reliably, and cost-effectively. In addition to PurEnergy, the NAES family of companies now includes Greenberry Industrial, Olsson Industrial Electric, NAES Power Contractors and E3 Consulting.

NAES is a wholly owned subsidiary of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU ranks among the world’s largest corporations.

Sandra Napolitano

May 11th, 2016

Sadly, on April 19, we said good bye to a member of our PurEnergy family, Sandra Napolitano, after losing her courageous battle with pancreatic cancer. During the last 2 years, Sandy faced each day with determination, a smile and a positive attitude. May her strong spirit be an inspiration to all of us as we keep her and her family in our prayers.

PurEnergy LLC

4488 Onondaga Boulevard, Syracuse, NY 13219
Phone: 315.448.2266 - Fax: 315.448.0264
Email: dscholl@purenergyllc.com