Clone Capital currently provides commercial advisory services, hedge origination and analytics for 12 power generation facilities with a total capacity of over 7,200MW covering five ISOs across the United States.
Our team has over seven decades of experience in the energy markets. We’ve worked for, worked with, and virtually represented active and passive investors, tax equity investors, lenders, power generation owners, public and private sector utilities, energy storage, renewable and thermal generation project developers, trading and marketing organizations, OEMs and EPC contractors, and many more. We think like you and, most importantly, we understand your portfolio. If your generation project or investment is under-performing, we can show you why and, equally important, what, if anything, can be done from a commercial perspective to reverse this trend.
We believe that optimizing portfolios and evaluating big investment decisions doesn’t have to be overly complicated. The key to maximizing portfolio performance is the right mix of tools, resources and commercial expertise. We invest all of our experience and energy into delivering positive results and making a difference in your business.
Contact us about your engagement today.
Anand Balakrishnan | Founder and CEO
With two decades of commodities experience, Mr. Balakrishnan has spent over 12 years trading gas, power and crude oil swaps and options, as well as five years pricing and managing complex power gas and gas structured transactions, prior to founding a successful energy advisory firm. His experience includes the co-founding of three trading teams involved in FTRs, options, structured power products, gas transportation and storage.
Mr. Balakrishnan holds a Master’s Degree in Finance from Boston College Carroll School of Management, an MBA from University of Missouri-Kansas City and a degree in Electrical Engineering from the College of Engineering, Guindy. He is also a CFA charter-holder.
Derrick Payne | Executive Vice President & Partner
Mr. Payne is a veteran energy commodities professional who has spent the last two decades in wholesale energy markets, holding leadership positions at Deutsche Bank, Fortis, Anadarko and Occidental. He has extensive experience managing, quantifying, valuing exposure from power generation facilities, natural gas and crude storage, transport and equity production portfolios.
Dean Akey | Executive Vice President & Partner
Over his 30 years of experience in the power industry, Mr. Akey has held numerous executive-level roles in power marketing/origination, business development, mergers & acquisitions, trading, risk management and operations for investor-owned utilities, IPPs, power marketing companies and original equipment manufacturers, including Tyr Energy, Nordex, Aquila, Illinova and Illinois Power.
Mr. Akey is a veteran of the US Army and completed his undergraduate studies at Illinois State University and advanced studies at the University of Oklahoma and the Wharton School of Business.
Karen Arokiasamy | Director of Business Development
Ms. Arokiasamy’s career began in publishing, software development and website development, sharpening her skills in project management, business and technical writing, and client relations. Pairing those skills with newfound passion for facilitation, conference planning and multi-channel marketing, Ms. Arokiasamy’s path led to Children’s Hospital Association, where she spent over a decade managing peer networking groups for pediatric healthcare executives of all levels – director-level to c-suite – from over 40 children’s hospitals across the US.
Ms. Arokiasamy holds a BS in Journalism from the University of Kansas. She is an active volunteer in her community, serving on the PTO board at her son’s school and delivering for Meals on Wheels.
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