Ed Stern is the Founder and CEO of PowerBridge, a leading developer of non-utility, privately financed, electric transmission systems in the U.S. PowerBridge has developed, financed, constructed – and continues to manage – more than 1300 MWs of transmission capacity, with a total investment in excess of $1.5 billion. PowerBridge also completed the development and construction of a natural gas line and is currently developing several billion dollars of new electric transmission facilities.
Ed has nearly 40 years of experience leading the successful development, financing, construction, operation and ownership of major energy and infrastructure projects. Under Ed’s guidance, PowerBridge developed, financed and built the Neptune Regional Transmission System, completed in 2007, and the Hudson Transmission Project, completed in 2013.
Both Neptune and Hudson are 660 MW HVDC underwater and underground electric transmission systems, managed by PowerBridge, that interconnect the PJM market in New Jersey with power grids in New York. Neptune extends 65 miles (51 underwater) between Sayreville, New Jersey and Long Island, while Hudson runs from Ridgefield, New Jersey for approximately seven miles into Manhattan’s West Side, including four miles underneath the Hudson River. Both projects were completed on budget and ahead of schedule.
From 1991 through 2004, Ed was employed by Enel North America, Inc. — the North American subsidiary of the Italian electric utility Enel SpA — and its predecessor, CHI Energy, Inc., an energy company specializing in renewable energy technologies including hydroelectric and wind. While at Enel North America, Inc. and CHI Energy, Inc., Ed served as General Counsel and, commencing in 1999, as President, Director and Chief Executive Officer.
Prior to joining CHI, Ed was a vice president with BayBanks, Inc., a Boston-based $10 billion financial services organization, where for six years he specialized in energy project finance, real estate restructurings and asset management.
Ed has served on numerous public and private boards, and currently serves on the boards of DESRI Holdings General Partner, LLC, a leading developer, owner and operator of solar and battery storage projects, totaling in excess of eight gigawatts of aggregate capacity; SOO Green HVDC Link HoldCo, LLC, developer of an innovative 2100 MW HVDC transmission line connecting MISO and PJM; and Team Woofgang & Co., a Not-For-Profit entity providing vocational skills and social opportunities for young adults with special needs.
Ed received B.A., J.D. and M.B.A. degrees from Boston University. He is a member of the Massachusetts Bar and the Federal Energy Bar.