Grybowski -- "Offshore Wind Pioneer" -- Named CEO of US Wind
GoLocalProv News Team
Grybowski -- "Offshore Wind Pioneer" -- Named CEO of US Wind
Grybowski -- who had been CEO of Rhode Island's Deepwater Wind before it was acquired by Ørsted -- had been widely considered to be eyeing a run for Rhode Island Governor in 2022.
As GoLocal previously reported, Grybowski has been one of Rhode Island’s most successful start-up CEOs. He led the unlikely Rhode Island start-up to America's first offshore success. As CEO he was featured in most every national business publication, the CBS Evening News, and a Citi Bank national commercial.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTGrybowski To Maryland
According to US Wind, Grybowski will lead as the company embarks on development of a major offshore wind project off the coast of Maryland.
“We are very excited to have Jeff lead our team at US Wind,” said Riccardo Toto, Managing Director of Renexia SpA, the principal owner of US Wind. “His experience in navigating the complex development system in the United States is unmatched. We are building an innovative company at US Wind, and Jeff is the perfect person to lead it.”
“I’m thrilled to be joining the US Wind team. We have big plans to deliver offshore wind to the state of Maryland,” said Grybowski. “This company had a strategic vision for offshore wind in the US long before others in Europe made the jump to this market. We will build on that vision and together with strong financial backing from Apollo Funds, we will make US Wind a major player in the offshore wind space, as a nimble and entrepreneurial company that knows how to execute complex projects in the US.”
In August, funds managed by affiliates of Apollo Global Management committed to invest up to $265 million in convertible debt and equity to acquire an equity stake in US Wind and fund development and construction costs for its offshore wind project.
Apollo’s Brad Fierstein, a member of US Wind’s board of directors, added, “Jeff is a proven leader in US offshore wind, and an excellent addition to the US Wind platform as we execute on our mission to bring clean energy and new jobs to Maryland.”
About US Wind
US Wind was founded in 2011 and has established its position as a premier offshore wind energy development company in the United States. In 2014, US Wind obtained a federal lease for site control to develop approximately 1.5 GW of offshore wind power generation off the coast of Maryland. US Wind is majority owned by Renexia SpA, a leader in renewable energy development in Italy and a subsidiary of Toto Holding SpA. Toto Holding SpA has more than 40 years of experience specializing in large construction and infrastructure projects, primarily in the energy, transportation, and aviation sectors.