His appointment comes as the company enters the commercialization phase for its six-kilowatt, high-efficiency, shrouded micro wind turbine. He will direct supply chain, operations, and financial planning and analysis.
Forbes has spent the last 12 years of his career working in the alternative asset industry. He most recently served as an investor and principal at a frontier-tech-focused venture capital fund. He also has held political and operations roles in the U.S. Senate, Office of the Governor of Massachusetts, and the Office of a former President of the United States.
In a press release, Halo Energy CEO Vin Loccisano stated, "We are very excited to have Mr. Forbes join the Halo team," stated Vin Loccisano, Halo's Chief Executive Officer. "He brings a wide range of skill sets and experiences well-suited to help Halo achieve this next important phase."
Forbes said, "I'm thrilled to join the Halo team, whom I've come to know well over the past two years as one of our portfolio companies. With purchase orders spanning four continents, I'm confident that Halo is poised to capture a significant share of the distributed energy resource market, focusing on telecommunications, commercial and industrial, and agricultural applications. This, combined with their decision to manufacture their first set of commercial wind turbines in the United States, should result in a new round of venture financing of $3 million to $5 million in the next six to nine months."