Portfolio of Work
CEO Leadership
Fong is an experienced CEO, delivering on execution, profitability and complex transitions
Spruce Power (NYSE: SPRU)
After joining Spruce Power in 2017, Fong provided executive leadership to create a leading residential rooftop solar power company. As CEO, he directed the company to go public in 2022, with a leading industry position in solar M&A and residential solar servicing. With approximately $1 billion of residential solar assets, Spruce serves over 80,000 assets and customers across the US. By 2024, Fong led the expansion, through Spruce Pro, to the environmental commodities markets and commercial solar services.
Renewable Energy Trust Capital, Inc
Fong co-founded RET Capital with a Tuck business school classmate in 2010, and raised over $750 million of capital. RET’s innovation in portfolio finance lowered the cost of clean energy to utilities, and became the renewable power YieldCo. As CFO and COO until its acquisition by BlueMountain Capital in 2016, Fong partnered in the creation of Terraform Power, and acquired and developed over $1 billion of utility-scale wind and solar assets in the US and Canada. Fong built the foundation of a new industry.
Corridor Recovery, Inc
Fong founded and served as CEO of Corridor Recovery, Inc from 2008 to 2011. Corridor Recovery was the hub organization for the response, recovery and rebuilding of Cedar Rapids, Iowa after the devastating Flood of 2008, then the 4th largest natural disaster in US history. It coordinated information systems, public response, volunteer rebuilding and government reinvestment. Corridor Recovery won numerous awards, Fong was featured in national media, and Cedar Rapids came back stronger than ever.
Boards of Directors
over a dozen boards of Directors and advisors. Some are listed below
QT Imaging, Inc
Independent Director (2022 - 2023) for QT Imaging (Nasdaq: QTI) a leading soft tissue imaging medical technology company, based in California and led by legendary medical technology pioneer John Klock
Committees: Audit Committee (Chair)
Javlin Capital, LLC
Independent Director (2017 - 2019) for the Nebraska based specialty finance company, capitalized by a leading Omaha family office and backed by HPS Investment Partners and Ares Capital
Board Co-Chariman, Audit Committee (chair)
Linse Capital, LLC
Board of Advisors (2020 - Present) for Linse Capital, a leading growth equity investing firm focused on transportation and energy technology companies
Board of Advisors
Pardus Oil & Gas, LLC
Independent Director (2017 - 2018) for an East Texas oil and gas exploration, production and field services company. Over $1 billion in capitalization and assets, backed by HPS Investment Partners.
Board Co-Chairman, Audit Committee (Chair)
Terraform Power
Fong co-founded Terraform Power, Inc (Nasdaq: TERP) in 2014. Independent Director as it grew to the world’s largest renewable power yieldco. Acquired by Brookfield in 2020
Audit Committee (Chair), Governance & Nominating Cmte, Conflicts Cmte
Generation Iowa Commission
Selected by Governor of Iowa as member of Economic Development commission for next generation economic growth
Chairman (past), Legislative Liaison