SMP 226: Solar, Storage, and Strategy: How Catalyst Power Is Transforming C&I Energy

Episode Overview

In this episode, Benoy Thanjan interviews Gabe Phillips, CEO of Catalyst Power Holdings, a company revolutionizing how commercial and industrial (C&I) customers access clean energy.  The conversation dives into the future of C&I solar, energy storage, demand response, and how Catalyst Power is empowering mid-sized businesses with creative, cost-saving clean energy solutions.

Topics Covered:

• Gabe's background and evolution in the energy sector
• The unique C&I clean energy niche Catalyst Power serves
• The role of DERs (distributed energy resources) and why aggregation matters
• Combining solar, storage, and demand response into a single value proposition
• The importance of customer acquisition and tech-enabled platforms
• Opportunities and challenges in Northeast markets like NYISO and PJM
• What’s next for C&I energy solutions as federal and state incentives evolve

Key Quotes:

“We’re focused on the forgotten middle — C&I customers that are too big for rooftop-only and too small for full-blown utility-scale.”

“There’s a convergence of tech and finance in clean energy that’s finally unlocking the C&I market.”

“We’re not just selling power — we’re building long-term energy partnerships.”

 

Benoy Thanjan

Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies.  He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.  

This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing
and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the
transaction and this allows him to provide unique perspectives and value.

Benoy has extensive experience in financial engineering to make solar projects profitable.

Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity which merged with Tesla in 2016.  He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity to move into the east coast markets. 

Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects.  He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio.  Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.  

He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young.  Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University.  Benoy was an Alumni Scholar at the Stern School of Business. 

Gabe Phillips:

Gabe is the CEO of Catalyst Power Holdings, a fast-growing company providing customized power solutions to C&I customers. With a background in environmental commodities and renewable project finance, Gabe brings deep experience in building businesses that sit at the intersection of sustainability, economics, and customer value. Prior to founding Catalyst, Gabe held leadership roles at energy trading and consulting firms.

Stay Connected:

Benoy Thanjan

Email: info@reneuenergy.com 

LinkedIn: Benoy Thanjan

Website: https://www.reneuenergy.com

 

Gabe Phillps

Website: https://catalystpower.com

LinkedIn: Catalyst Power

Gabe’s LinkedIn: Gabe Phillips