Addison-based global low-carbon infrastructure, advisory, development, and investment firm Nexus PMG announced Tuesday that energy veteran Ross Faransso has joined the company as the new CEO of Nexus Project Development Services.
The company said that in his new role, Faransso will lead the firm into an “unprecedented era of growth, transitioning the nation’s energy and sustainable infrastructure projects.”
Nexus PMG CEO Ben Hubbard says Farnasso taps into the “heartbeat of Nexus PDS,” with two decades experience in technical, operations management, and business development experience.
[Faransso’s] wealth of institutional energy transition knowledge will further empower our growing client portfolio,” CEO Hubbard said in a statement. “As corporates look to decarbonize their fleets of carbon-intensive assets, the Nexus PDS team is uniquely positioned to support all facets of feasibility, project development, and execution.”
‘An exponential need for strategic project development’
Before joining Nexus PMG, Faransso spent 16 years at KBR, a leading engineering, procurement, and construction management company, as director of operations and most recently as the company’s Americas head of business development for EPCM services.
Previously, Faransso held numerous engineering roles at Black & Veatch and ExxonMobil. He serves as an active board member of the Association for the Capital Projects Engineering & Construction Community, commonly known as ECC.
Nexus PDS said it was established to bring a more balanced offering for clients seeking both technical and commercial development support.
As CEO, Faransso will oversee the division’s advisory, commercial project development, front-end engineering, and operational readiness business lines. With a client base maintaining a portfolio of more than $300 billion of energy transition assets, Nexus PDS said it’s expanding its services across North America to help corporations achieve their decarbonization goals.
“As energy majors navigate an accelerating net-zero transition, we’re seeing an exponential need for strategic project development services like ours,” Faransso said in a statement. “Nexus PMG was a very early leader in these sectors and continues to be the premier partner for energy transition. I look forward to continuing this legacy as part of the Nexus PDS team.”
Connecting project finance, development, and ops
Nexus PMG said it is the point where project finance, development, and operations connect.
The firm focuses on providing world-class advisory services to infrastructure investors by delivering technical, operational, and financial diligence on projects that reduce carbon intensity and enhance resource efficiency.
Its integrated business lines provide end-to-end services within each targeted sector including development; preliminary engineering; contract structuring; engineering, procurement and construction; commissioning and startup; operational readiness and process improvement.
In July, we told you that Nexus PMG announced a $50 million growth equity round that represented a significant milestone as it builds on a decade of experience in the low-carbon waste-to-value sector. Nexus PMG said the funding will allow it to quickly expand its services business and project development business lines in North America.
The round was led by an affiliate of New York City-based Greenbacker Capital Management LLC with participation from the Ontario Power Generation Pension Fund and Liberty Mutual Insurance.
Nexus PMG is a finalist in the fifth annual Innovation Awards announced by Dallas Innovates and D CEO in the Innovation in Banking an Finance category. The program honors companies, CEOs, CIOS, CTOs, entrepreneurs, and other leaders who are helping to make Dallas-Fort Worth an innovation hub.
All finalists will be recognized in the January/February issue of D CEO magazine and online at DallasInnovates.com; winners will be revealed at an exclusive awards event in January.
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