PurposeEnergy appoints Albert Morales as Chief Financial Officer

SALEM, N.H., Feb. 20, 2025 /PRNewswire/ -- PurposeEnergy, a renewable energy company and trusted sustainable partner for food and beverage processing and manufacturing, is excited to announce the appointment of a new Chief Financial Officer (CFO), Albert Morales. Albert brings over 20 years' expertise in finance and legal strategies in renewable energy development and production.

Al's extensive experience with innovation-driven companies in the energy sector will be a valuable asset to the PurposeEnergy leadership team. As CFO, Al will play a key role in driving PurposeEnergy's growth by overseeing capital investments, financial compliance, tax and incentive structuring, and expansion strategies.

"I look forward to helping PurposeEnergy continue and accelerate its growth trajectory. With numerous facilities operating in the field, others under construction, and a robust and rapidly growing commercial pipeline, PurposeEnergy is poised to expand its many positive impacts on the environment and for its customers and other stakeholders. I'm also very excited to work with Quinbrook, a value-added investment partner with unparalleled expertise in the renewable energy industry," said Al Morales.

PurposeEnergy has developed, engineered, and operates multiple successful biogas energy projects, helping some of the world's largest food and beverage companies meet their annual ESG goals. While the company primarily serves the food and beverage industry, it also partners with other industrial generators of organic waste to transform waste streams into renewable energy. With additional projects in development, PurposeEnergy continues to expand its impact on sustainable energy solutions.

Most recently, Al served as CFO at Malta Inc., where he was instrumental in driving the company's renewable long-term energy storage initiatives. He led their entry into the commercial market, managed multiple funding rounds, cultivated key stakeholder relationships, and shaped strategies for Malta's global expansion. Al brings an impressive resume of accomplishments in the energy industry as a C-suite leader and entrepreneur, which includes the following successful tenures: President of PurEnergy, a provider of asset management services to private equity firms and other owners of power generation assets; Managing Director of Energy Management, Inc. (EMI), an energy developer and independent power producer; CFO of the Gainesville Renewable Energy Center (GREC), a 100 MW biomass power project he helped develop, finance and operate; CFO of American Renewables, a biomass power project development platform; and COO of Environmental Power Corporation / Microgy, a publicly-traded developer of renewable natural gas facilities.

PurposeEnergy's mission is to make food sustainable and affordable to all by converting the millions of tons of organic waste from food and beverage production plants into renewable energy, clean water, and healthy soil.

About PurposeEnergy

PurposeEnergyis an established US-based renewable fuels and biogas specialist focused on waste solutions for the food and beverage industries. Over the last 15 years, PurposeEnergy has developed, owned, and operated multiple projects that convert organic waste streams to biogas for use in industrial processes, conversion to renewable electricity, or refinement to Renewable Natural Gas ("RNG"). PurposeEnergy is a portfolio company of Quinbrook Infrastructure Partners.

SOURCE PurposeEnergy