Christian Fong has over twenty years of experience in the power & energy industry, as a long-time CEO, investment manager and public policy advisor. From 2017 to 2024, Fong led Spruce Power (NYSE: SPRU), a leading United States residential solar owner-operator with over 75,000 rooftop solar assets and contracts. As CEO of Spruce, Fong oversaw the management of over $1 billion of distributed generation (DG) solar and energy efficiency assets through the top independent DG solar servicer, Spruce Servicing, LLC. Christian Fong began his tenure at Spruce in 2017 when Spruce was held by famed venture capital groups Kleiner Perkins Caufield and Byers and Google Ventures. Fong led its sale to HPS Investment Partners in 2018, its go-public merger with XL Fleet, Inc in 2022 and exited in mid-2024.
Mr. Fong has recently served as an Independent Director on the Boards of various companies. Notably, he was the Chair of the Audit Committee for the world’s largest public independent renewable power producer, Terraform Power, Inc (NASDAQ: TERP), and previously served as Co-Chairman (Chair of Audit) of Texas-based Pardus Oil & Gas, LLC, and as Independent Director (Chair of Audit) of Nebraska-based Javlin Capital, LLC. Over the past twenty years, Fong has served on over a dozen boards for companies and NGOs.
Previously, Mr. Fong co-founded Renewable Energy Trust Capital (RET) in 2010 and served in various executive roles through 2016, overseeing investments, operations and finances, as RET acquired and developed over $1 billion dollars, and 400+ MW of utility-scale wind and solar PV power assets. In 2013, he authored the submission of the landmark IRS private letter ruling request for REIT-eligibility of solar PV assets, and subsequently participated in the original work creating the Renewable YieldCo industry. RET was acquired by BlueMountain Capital in 2016.
Prior to founding RET, Mr. Fong was a Managing Director and Head of Real Estate Capital Markets at AEGON/Transamerica, where he led an acquisition team in a multi-billion dollar private equity platform and managed the private mortgage trading desk. He was responsible for both credit and structured finance innovations, working with Wall Street counterparts in applying mainstream finance solutions to new and emerging real asset classes. Mr. Fong has previously served as CEO of Corridor Recovery, Inc, as a consultant at McKinsey & Co, and as a Republican candidate for Governor of Iowa. He continues to be active in policy discussions in the power and energy sector.
Mr. Fong has earned an MBA with High Distinction from Dartmouth College’s Tuck School of Business, a B.S. in Statistics, summa cum laude, from Creighton University and the prestigious CFA and CCIM designations.
He and his family reside in Littleton, Colorado and has offices in Houston and Denver. He was an award-winning varsity cross-country runner at Creighton and remains an avid ultramarathon and snow-sports athlete.