Jim McDermott

Managing Partner, US Renewables Group

Mr. McDermott is US Renewables Group, LLC’s (“USRG”) Managing Partner and co-founder and is based in Los Angeles.  As a software and energy entrepreneur/investor, Mr. McDermott founded three software startups and has invested in numerous others.  Prior to forming USRG, Mr. McDermott started his career as a public power banker with Credit Suisse’s Municipal Finance Group in New York.  While at Credit Suisse, he worked with Southern California Public Power Authority (“SCPPA”), Los Angeles Department of Water and Power (“LADWP”), Washington Public Power Supply System (“WPPSS”) and several other West Coast municipal utilities.  As a private equity investor, Mr. McDermott worked for Prudential's Private Capital Group.  As an entrepreneur, Mr. McDermott has started, run and invested in the following companies: Spoke Software, Inc. (Founder and CEO), Archive, Inc. (Founder and CEO), Stamps.com, Inc. (NASDAQ: STMP) (Founder and CEO), Practice Technologies Inc. and MagnaDrive, LLC.  As a partner of USRG, Mr. McDermott sits on the board of US Biodiesel Group, LLC, Bottlerock Power Corporation and Niagara Power Generation, LLC.  Mr. McDermott holds an MBA from the Anderson School at UCLA and a BA from Colorado College.