Michael Holt
Vice President Of Business Development at Drylet, Inc.- Claim this Profile
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Bio
LinkedIn User
I worked with Michael at Direct Energy where he managed our gas structured products team concentrating primarily on asset management agreements and capacity releases. I have never worked with anyone as knowledgeable in the gas industry as Michael. Whether it’s regarding how each of the eastern gas pipelines operate or how to value financial derivatives related to physical assets and traded instruments, he has complete industry expertise. He is a tireless worker who is always upbeat and positive, with a can-do attitude. Overall he is someone I really enjoyed working with and would highly recommend in any commercial gas role.
Greg Hathaway
While I was at VPEM Michael structured numerous creative deals by considering all value components and risk factors before completing a thorough analysis. He valued transactions from The Rockies to the East Coast and as far South as the Gulf Coast. Michael is an innovative thinker and tireless worker which allowed us to submit the most accurate bids to provide us the best chance for success at profitable deals. He has excellent commercial instincts and a solid track record of precise valuations. Michael was always honest and straight-forward about potential obstacles which made him a significant contributor and effective role player. He was always dedicated and I confidently recommend him to any energy marketing team.
LinkedIn User
I worked with Michael at Direct Energy where he managed our gas structured products team concentrating primarily on asset management agreements and capacity releases. I have never worked with anyone as knowledgeable in the gas industry as Michael. Whether it’s regarding how each of the eastern gas pipelines operate or how to value financial derivatives related to physical assets and traded instruments, he has complete industry expertise. He is a tireless worker who is always upbeat and positive, with a can-do attitude. Overall he is someone I really enjoyed working with and would highly recommend in any commercial gas role.
Greg Hathaway
While I was at VPEM Michael structured numerous creative deals by considering all value components and risk factors before completing a thorough analysis. He valued transactions from The Rockies to the East Coast and as far South as the Gulf Coast. Michael is an innovative thinker and tireless worker which allowed us to submit the most accurate bids to provide us the best chance for success at profitable deals. He has excellent commercial instincts and a solid track record of precise valuations. Michael was always honest and straight-forward about potential obstacles which made him a significant contributor and effective role player. He was always dedicated and I confidently recommend him to any energy marketing team.
LinkedIn User
I worked with Michael at Direct Energy where he managed our gas structured products team concentrating primarily on asset management agreements and capacity releases. I have never worked with anyone as knowledgeable in the gas industry as Michael. Whether it’s regarding how each of the eastern gas pipelines operate or how to value financial derivatives related to physical assets and traded instruments, he has complete industry expertise. He is a tireless worker who is always upbeat and positive, with a can-do attitude. Overall he is someone I really enjoyed working with and would highly recommend in any commercial gas role.
Greg Hathaway
While I was at VPEM Michael structured numerous creative deals by considering all value components and risk factors before completing a thorough analysis. He valued transactions from The Rockies to the East Coast and as far South as the Gulf Coast. Michael is an innovative thinker and tireless worker which allowed us to submit the most accurate bids to provide us the best chance for success at profitable deals. He has excellent commercial instincts and a solid track record of precise valuations. Michael was always honest and straight-forward about potential obstacles which made him a significant contributor and effective role player. He was always dedicated and I confidently recommend him to any energy marketing team.
LinkedIn User
I worked with Michael at Direct Energy where he managed our gas structured products team concentrating primarily on asset management agreements and capacity releases. I have never worked with anyone as knowledgeable in the gas industry as Michael. Whether it’s regarding how each of the eastern gas pipelines operate or how to value financial derivatives related to physical assets and traded instruments, he has complete industry expertise. He is a tireless worker who is always upbeat and positive, with a can-do attitude. Overall he is someone I really enjoyed working with and would highly recommend in any commercial gas role.
Greg Hathaway
While I was at VPEM Michael structured numerous creative deals by considering all value components and risk factors before completing a thorough analysis. He valued transactions from The Rockies to the East Coast and as far South as the Gulf Coast. Michael is an innovative thinker and tireless worker which allowed us to submit the most accurate bids to provide us the best chance for success at profitable deals. He has excellent commercial instincts and a solid track record of precise valuations. Michael was always honest and straight-forward about potential obstacles which made him a significant contributor and effective role player. He was always dedicated and I confidently recommend him to any energy marketing team.
Experience
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Drylet, Inc.
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United States
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Renewable Energy Semiconductor Manufacturing
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1 - 100 Employee
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Vice President Of Business Development
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Aug 2021 - Present
RNG Markets: Developing markets for a microbial biocatalyst to remediate Wastewater, Livestock Waste, Meat-Packing Waste and to Increase Biogas yield through bio-augmentation of Food Waste and Livestock Manure. RNG Markets: Developing markets for a microbial biocatalyst to remediate Wastewater, Livestock Waste, Meat-Packing Waste and to Increase Biogas yield through bio-augmentation of Food Waste and Livestock Manure.
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Xpress Natural Gas
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United States
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Oil and Gas
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1 - 100 Employee
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Vice President of Business Development
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Oct 2020 - Aug 2021
Developed markets for Mobile Gas Solutions: RNG, CNG, LNG (renewable natural gas, compressed natural gas, liquefied natural gas) which was delivered via non-traditional-pipeline methods when and where needed through innovative portable pipeline systems. Expanded XNG’s market share and footprint throughout the Eastern US, Eastern Canada and the Pacific Northwest while creating value for customers by:1) reducing client’s carbon footprint through CO2 emission reductions of 15%-50%;2) enhancing the resiliency and reliability of fuel supply for industrial manufacturers and institutions of all types (including universities and hospitals) by diversifying their fuel mix;3) saved customers 20% to 40% of unnecessary fuel expense through optimization of their supply portfolio by enabling access to the lowest cost fuel;4) enabling cogeneration installations to decrease electricity costs and consumption while reducing dependence on a centralized power grid;5) nurturing the growth of vital emerging markets for Low carbon, Zero carbon and Negative carbon gases which are easily transportable and storable for thermal, electric and feedstock applications;6) contributing to the responsible management and transportation of methane (a critical component of the bridge to our clean energy future).
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NG Advantage LLC
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United States
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Oil and Gas
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1 - 100 Employee
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Senior Director of Business Development
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Apr 2017 - Oct 2020
Developed markets for compressed natural gas (CNG) including startup of NGA’s utilities division serving peak-day and peak-hour needs as well as maintenance outage support. Continued the company’s growth of decarbonization of fuel supply for remote industrial customers including new regions which optimized the fuel mix and reduced CO2 emissions by 15%-40%. Developed markets for compressed natural gas (CNG) including startup of NGA’s utilities division serving peak-day and peak-hour needs as well as maintenance outage support. Continued the company’s growth of decarbonization of fuel supply for remote industrial customers including new regions which optimized the fuel mix and reduced CO2 emissions by 15%-40%.
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Direct Energy Business
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Utilities
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200 - 300 Employee
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Manager of Structuring
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Nov 2013 - Mar 2017
Structured natural gas and power transactions with MTM of $100+Million for Direct Energy Business.
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Hess Energy Marketing - Sr. Asset Manager
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Jan 2010 - Nov 2013
Hess Energy Marketing - Optimize 15 Bcf natural gas storage capacity and manage numerous LDC supply deals consisting of 350,000+ MMBtu/day transportation capacity. Collaborate with origination/trading desks to structure utility asset management agreements. Value optionality and manage deals in these regions: New England, NY/NJ, Mid-Atlantic, Southeast, Gulf Coast and Mid-Continent. Support Basis Desk and Spot Desk to optimize released retail capacity.Work with CNG Manager to identify new targets for infrastructure projects to supply compressed natural gas as a transport fuel
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Eversource Energy
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United States
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Utilities
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700 & Above Employee
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Yankee Gas - Northeast Utilities - Manager of Natural Gas Supply
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Jul 2009 - Dec 2009
Supervised staff of 6 handling purchasing, scheduling, accounting, regulatory and C&I retail choice programs. Optimized assets and directed a 50 Bcf supply portfolio including negotiation of peaking call structures. Collaborated with LNG manager to develop innovative methods of earning additional revenue. Yankee Gas was a subsidiary of Northeast Utilities which was acquired by Eversource and merged with NSTAR Utility of Boston. Supervised staff of 6 handling purchasing, scheduling, accounting, regulatory and C&I retail choice programs. Optimized assets and directed a 50 Bcf supply portfolio including negotiation of peaking call structures. Collaborated with LNG manager to develop innovative methods of earning additional revenue. Yankee Gas was a subsidiary of Northeast Utilities which was acquired by Eversource and merged with NSTAR Utility of Boston.
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Direct Energy
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United States
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Utilities
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700 & Above Employee
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Gateway Energy Services - Natural Gas Supply Consultant
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Jun 2008 - Jul 2009
Interim Director of Gas Supply for Gateway Energy Services (which was acquired by Direct Energy and subsequently acquired by NRG). Directed pricing and hedging of NYMEX and Basis for an ESCO natural gas portfolio of ~$150 Million. Successfully launched our Canadian supply program to serve Enbridge and Union Gas customers in Ontario. Supervised scheduling/nomination/balancing on 19 utilities in US and Canada. Managed pipeline and storage assets in compliance with FERC Order 712 for capacity releases.
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Pace Global, A Siemens Business
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United States
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Oil and Gas
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1 - 100 Employee
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Project Manager / Operations Manager
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Oct 2006 - May 2008
Consulted with energy infrastructure developers and advised hedge funds, private equity groups and other investors on asset valuations and project due diligence. Secured and led client engagements involving natural gas market research and other energy topics. Efficiently managed analyst team to complete projects for banks, utilities, manufacturers, marketers, refiners and producers. Provided valuation services for LDC acquisitions. Advised national oil companies on LNG export strategies and global E&P firms on risk management methodologies. Evaluated ~$3 Billion of midstream assets affirming industry-leading knowledge of gas storage valuation.
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Dominion Energy
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United States
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Utilities
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700 & Above Employee
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Originator, Pricing/Structuring Manager, Energy Market Advisor
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Jul 2001 - Oct 2006
Structured energy commodity transactions in Rockies, Mid-Continent, Canada, Gulf Coast, Mid-Atlantic and New England regions. Traded Mid-Continent Natural Gas and originated deals involving peaking calls and storage. Managed the bidding process for Enron’s $2+ billion gas pipeline assets (FGT, TW, NBPL) and valued additional $1.5 billion liquidation of gas portfolios held by Williams, Aquila, Dynegy, El Paso, Duke and Mirant. Guided a multi-departmental team (credit, legal, risk, accounting, tax, trading, finance; and gained senior management buy-in) and achieved the successful development and implementation of an enhanced deal evaluation and approval process. Key contributor in a fundamental analysis group that forecasted supply, demand & price of natural gas, coal, crude oil, refined products, NGLs, electric power, emissions and renewable markets (wind, solar, biomass, biofuels). Advised senior management and division directors on strategies for Cove Point LNG, VPEM trading, E&P, Power Generation, DTI Pipeline and Retail Gas/Power.
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Commercial Director
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May 2000 - Mar 2001
International Fibers Company (IFCO) was a subsidiary of Barnhardt Pure Cotton. Directed commodity trading and managed foreign exchange risk in Mexico, Europe, Canada, and US for this startup venture. Developed 3 new European customers in the paper and medical supply industries. International Fibers Company (IFCO) was a subsidiary of Barnhardt Pure Cotton. Directed commodity trading and managed foreign exchange risk in Mexico, Europe, Canada, and US for this startup venture. Developed 3 new European customers in the paper and medical supply industries.
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Sara Lee
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Food and Beverage Services
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1 - 100 Employee
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CGT (Kondobo of Japan) - Director of Commodity Hedging and Risk Management
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Dec 1996 - May 2000
CGT was acquired by Sara Lee Corporation - Managed sourcing, hedged commodity market risk and reported positions to senior management. Advised Japanese parent company on global supply/demand, government policy and hedging strategies. CGT was acquired by Sara Lee Corporation - Managed sourcing, hedged commodity market risk and reported positions to senior management. Advised Japanese parent company on global supply/demand, government policy and hedging strategies.
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Cargill
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United States
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Food and Beverage Manufacturing
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700 & Above Employee
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Trading Manager and Commodity Merchant
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Jul 1987 - Dec 1996
Traded commodities (including US cotton) and sold products via local agents to customers in Europe, North Africa, Asia and the Americas. Managed trading operations in NC/SC/VA during a significant growth period during which total office purchases & sales increased from approx. $125MM to $350MM while market share increased from 8% to 23%. Traded commodities (including US cotton) and sold products via local agents to customers in Europe, North Africa, Asia and the Americas. Managed trading operations in NC/SC/VA during a significant growth period during which total office purchases & sales increased from approx. $125MM to $350MM while market share increased from 8% to 23%.
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Education
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The Ohio State University
BS AG, Economics - Graduated with Distinction from Honors Program -
The University of Memphis
MBA, Finance