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- Access on: 2025-02-07 00:18:04 (New York)
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Independent Director
Mr. Montgomery (Monty) Bannerman has served our board as an Independent Director since November 1, 2024. He has over 35 years of experience as a technology executive in energy and telecommunications sectors. His career has been marked by significant contributions to the development of renewable energy networks and advanced distributed power and communications network technologies. His previous roles put him at the forefront of creating resilient energy solutions and playing a pivotal role in the construction and operation of a key hub for global internet traffic.
From January 2023 to present, Mr. Bannerman is Founding Partner and CEO of Denrgy Inc., located in Miami, Florida. Denrgy develops district and municipal scale resilient renewable energy networks which make facilities and communities more resilient to extreme weather events and deliver economic, employment and environmental benefits to the investors and customers they serve. From January 2007 to March 2023, Mr. Bannerman served as Founder and Director at ArcStar Energy, New York, NY & Miami, FL. ArcStar Energy is a renewable energy project advisory, M&A and managed development services company. He served as Founder and CEO of MicroGrid Networks, LLC from January 2018 to May 2022, New York, NY. MGN develops and operates advanced large scale renewable microgrids which integrate with and serve utility networks in New York City. From November 2003 to June 2006, he was CEO & President of Verso Technologies (NYSE: VRS), a multinational manufacturer of advanced distributed power and communications network technologies for public utilities and competitive operators. From January 2000 to October 2003, Mr. Bannerman served as SVP and CTO of Terremark Worldwide, a NASDAQ listed company and acquired by Verizon (NASDAQ: VZ), being responsible for the development of NAP (Network Access Point) of the Americas, located in Miami, FL, responsible for design, engineering, construction and operation of the facility, technology and services of the first privately-developed NAP as one of the core hubs and exchanges for international telecommunication traffic and revenue in the global Internet. From 1997 to 1999, he was Founder and Managing Director of IXS, an early international IP network operator providing advanced Internet telecommunications services between the USA, China, Taiwan and Hong Kong, carrying international voice and data traffic for business customers operating in these markets.
From 1993 to 1996, Mr. Bannerman served as Founder and President of DSP.NET in the San Francisco Bay Area, leading this early commercial Internet Service Provider serving Northern California. Prior to that, he also served as VP Business Development of Bell Canada International, subsidiary of Bell Canada Enterprises (NYSE: BCE) for 16 years, demonstrating international executive leadership in market penetrations and first deployments of large-scale distributed communications and power networks for this global leader in management consulting, engineering and project management operating in deregulating markets worldwide. Mr. Bannerman graduated with honors in business administration and finance from Mohawk College of Applied Arts and Technology in Ontario Canada and conducted post graduate technical and professional studies with Bell Northern Research (Bell Labs).