SHEC Energy Adds Dr. Andy Ananthakrishnan To Senior Executive Team

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SHEC Energy is pleased to announce the addition of Dr. Andy Ananthakrishnan to our Senior Executive Team.

SHEC Energy is pleased to announce the addition of Dr. Andy Ananthakrishnan to its Senior Executive Team. Dr. Ananthakrishnan will serve as the Senior Vice President of Strategic Planning and Development and is expected to be appointed to the Board of Directors at the Annual Shareholders Meeting.

According to Tom Beck, CEO of SHEC Energy, "We are extremely happy to have Dr. Ananthakrishnan join our team. His breadth of experience and superior track record with major multinational companies will complement our existing team of top caliber senior executives."

Dr. Ananthakrishnan originally hails from India, growing up in Bombay and graduating with a Bachelor's degree in Chemical Engineering from Bombay University. He came to the US and completed an M.S. (ChE) from Northwestern University, a PhD (ChE) from Syracuse University, and an MBA from University of Connecticut.

After a year of teaching Chemical Engineering at Clarkson University, Potsdam, NY, Dr. Ananthakrishnan worked the next 42 years with DuPont, Imperial Chemical Industries (ICI), Ineos Acrylics and Lucite International Inc. which spanned extensive leadership and management positions in R&D, Manufacturing, Market/Business Development, Strategic Planning and Supply Chain functions.

His experiences include:

  • Leading the development of new generations of Teflon Non Stick Coatings
  • Managing the Engineering Division of Coatings and Finishes Department
  • Managing the building of a $200 million world scale chemical plant
  • Negotiating the acquisition of a Composites business for DuPont
  • Leading the development and continuously updating of Global Strategic Plans for ICI Acrylics, Ineos Acrylics and Lucite International Inc.
  • Developing and managing a number of licensing, joint ventures and acquisitions/divestiture arrangements including negotiating a complex acquisition deal
  • Streamlining Supply Chain Organization
  • Serving as an active member of the Board of Directors for ICI Acrylics (Americas), Ineos Acrylics (Americas), and Lucite International (Americas).

Dr. Ananthakrishnan commented, "I am excited to join the SHEC Energy team. I am convinced that SHEC Energy is poised to become a world leader in solar power generation. Through extensive research, development and field testing, SHEC scientists have developed patented technology which will eventually bring the cost of solar power in line with conventional sources of electricity. I am proud to be a part of the movement to advance clean, renewable power with this breakthrough technology!"

Andy and his wife, Vasantha, split their time between their homes in Moorestown, NJ and Boston, MA.

SHEC Energy Technology

SHEC Energy's solar thermal technology can be applied to power generation in the range of 25KW to the GW range.
The Achilles heel of renewable energy is its intermittent production. This very much limits the opportunity for grid connect since electricity cannot be economically stored. SHEC's high temperature storage technology allows the thermal energy of the sun to be stored so it can produce electricity when the sun is not shining. This enables SHEC's technology to provide base-load power.

About SHEC Energy Corporation

SHEC Energy was formed in 1996 with the mandate of producing hydrogen renewably and cost competitively with fossil fuels. This technology has been adopted for solar thermal power generation. SHEC Energy's hydrogen history has provided a technological lead for power generation since high efficiency; high temperature solar technology was developed for the process. SHEC Energy has developed advanced, highly efficient solar technologies and manufacturing technologies to achieve this goal.

Solar energy was the logical renewable source because it is abundant with about 6,000 times more energy bombarding the Earth than all of humanity's energy requirements. It also has a lifespan of billions of years.

SHEC's technology is not only applicable for power generation, but can also co-generate hot water, chilled water and desalinated water simultaneously with little additional cost. The technology can also be applied to thermal chemical processes such as alternative fuel production.

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TOM BECK
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