Management & Advisors

Operators, first.
Advisors, second.

Every partner has designed, developed, or financed LNG and peak-shaving infrastructure at scale. The senior advisor bench adds three centuries of cryogenic, midstream, marine and capital experience on top of that.

Tom, Scott and I bring our energy experience along with our compatible business ethics. Our commercial, engineering, finance, and deep client relationships together are helping fill market demand for project consulting, development and co-investment capital in the North American energy space.

Alexander "Hap" Ellis III

Founding & Managing Partner

Founding Partners

Alexander "Hap" Ellis III

Founding & Managing Partner

40+ years in energy, power and sustainable energy. Former General Partner at RockPort Capital Partners (20+ years; ~$835MM across three funds).

Chairman, George & Barbara Bush Foundation

Chairman, The Old Westbury Funds (~$44B AUM, Bessemer Trust)

Co-developed EcoElectrica 500MW + LNG (Puerto Rico) with Enron International

540MW combined-cycle plant, Veazie ME · 400MW wind, Aroostook County

MPPM, Yale School of Management · BA, Colorado College

Alexander "Hap" Ellis III is a Founding Partner at New Energy Development Company providing project development, strategic and advisory services in LNG, natural gas, and sustainable investments relating to his extensive experience in project development, corporate and industry strategy, commercial structuring and negotiations, risk management and corporate finance. He has served more than 20 years as General Partner at RockPort Capital Partners, a multi-stage venture capital firm that invests in alternative and traditional energy, mobility, and sustainability. He brings to New Energy Development over 40 years of executive experience project developing, originating, funding and serving as executive and/or board member in leading energy companies, sustainable energy firms, and investment firms.

Mr. Ellis serves as Chairman of Old Westbury Funds (~$44 billion) which is part of the Bessemer Trust with 18 offices in the United States. He is a graduate of Colorado College and earned a BA in Political Science and graduated with a Master's Degree from the Yale School of Management in MPPM.

Mr. Ellis has a long and distinguished history of development and funding throughout North America and the Caribbean. As head of marketing for Kenetech Corp, the nation's pioneering wind and gas-fired independent company in the early 1990's, he led the development and successful permitting of a 250MW wind project in western Maine. He was part of the marketing and development team that ultimately won the right to build EcoElectrica, the 500MW combined-cycle plant plus LNG facility in Puerto Rico, partnering with Enron International.

In 2001, Mr. Ellis and six partners founded RockPort Capital Partners, a venture fund focused on energy technologies. RockPort Capital raised roughly $835MM over three funds and invested broadly across alternative energy technologies, oil & gas-focused technologies, and the interplay between energy providers and mobile technologies. He and two partners then led the development and permitting, with partner Duke Energy, of a 540MW combined-cycle power plant in Veazie, ME (operating as "Maine Independence"). He and two partners later teamed up with EDPR-US to develop a 400MW wind project in Aroostook County. Mr. Ellis served on the board of BayCorp Energy which ultimately purchased 17% of New England's largest nuclear plant, Seabrook Nuclear Generating Station — NextEra later purchased the station for a significant premium.

For many years, Mr. Ellis has continued to analyze, evaluate, plan, develop and fund innovative energy opportunities throughout North America. Mr. Ellis is Chairman of the George and Barbara Bush Foundation, which supports the Bush School of Government and Public Service and President Bush's Library at Texas A&M in College Station, Texas.

Scott M. Shields

Founding Partner · Commercial & Finance

35+ years in corporate/project development, banking, gas trading, risk management. LNG VP at Repsol; structured the $547MM upstream LNG agreement for Canaport.

U.S. Army · Chinook flight engineer (active duty)

Co-founder & board member, Oasis Bank SSB → 2018 IPO ($1B AUM, NASDAQ: SFNC)

Managing Director · Enserco (Black Hills Corp) East Gas Origination

4 yrs each: Repsol LNG (VP) · Exxon (finance) · Enron Capital & Trade

MBA, University of Chicago Booth · BS Finance, Penn State

Mr. Shields is a founding partner at New Energy Development Company providing strategic development and capital to drive projects in green hydrogen, e-Methane and sustainable LNG. He brings to New Energy™ experience in corporate & project development, corporate and industry strategy, banking, commercial structuring and negotiations, gas trading, risk management and corporate finance from world class companies.

After serving in the U.S. Army for three years, Mr. Shields earned a bachelor's degree with distinction and honors in finance from the Pennsylvania State University and later, an MBA from the University of Chicago.

Scott Shields launched his career as a senior financial analyst and internal auditor at Exxon Corporation over 35 years ago, where during a span of four years, he streamlined global oil and gas contracts, international crude trading, and supported the company's multi-billion-dollar operations. Following his time at Exxon, Mr. Shields traded physical and financial structured natural gas transactions with Sonat Energy Marketing, based in Birmingham, Alabama and Houston, Texas.

In 1996 he was identified by Enron Capital & Trade as a valuable resource to start a new, long-term structured transactions group. During his four-year tenure, his successes included re-powering projects and other structured energy propositions, the largest of which entailed an international structure contributing $10 million to the company's gross margin. In 2005, Mr. Shields was recruited by Atlanta's AGL Resources, Pivotal LNG, where he valued and negotiated critical energy storage and balancing agreements at Jefferson Island Storage and Hub, project developed AGL Pivotal LNG operations and natural gas infrastructure, and successfully negotiated key multi-commodity joint ventures for AGL and its seven utilities.

Given his experiences in the LNG industry, he transitioned to Vice President of Repsol Energy North America, where over four years, he was integral in the company's successful entry into North America. Along with his team, Mr. Shields structured, valued, and negotiated the $547MM international binding agreement to supply 100% of the required upstream LNG to the $1.2 billion Canaport LNG import facility. Downstream, he created the strategic and marketing plans and negotiated long-term structured gas contracts with utilities, consortiums, and power plants.

In 2010, Mr. Shields advanced to Managing Director for a subsidiary of Black Hills Corporation, where he formed and grew the East Gas Origination & Trading Group. While developing its North American strategy and successfully originating and negotiating a company acquisition, Mr. Shields executed two $307 million structured transactions contributing $7.5 million to gross margin within a year of joining Enserco.

Mr. Shields served on the Board of Directors of Oasis Bank SSB, a business he co-founded in 2005. The board raised the private equity capital, and Mr. Shields served as the Chairman of the Mergers & Acquisitions and Asset & Liability Committees. His team successfully merged the bank with Spirit of Texas Bank, which completed an initial public offering in 2018 with $1 billion in assets (Nasdaq: SFNC).

Scott Shields was FINRA-licensed with the series 79, 82, and 63 while heading an investment bank in Houston. In addition to his professional pursuits, he was nominated to the Katy Independent School District Bond Committee, approving and recommending over $600 million in new bond issuances. Mr. Shields served three years on active duty in the U.S. Army as a flight engineer on Chinook helicopters.

Thomas G. Quine

Founding & Technical Partner

Founder/CEO/Chairman, Northstar Industries LLC (20 yrs). 40+ years in LNG/natural gas project development, complex plant operations, mechanical engineering, modular liquefaction.

Created the patentable module design technology behind GreenER™

Designed & developed Charlton, MA LNG facility

Operated Portland Natural Gas System (PNGTS) M&R

4 yrs · Stone & Webster Engineering — international LNG/EPC consulting

BS Electrical Engineering, Wentworth Institute · BA, UMass Amherst

Mr. Quine is the Technical Partner in New Energy Development Company and provides technical direction, project development, and strategic advisory services in Green Hydrogen, LNG, natural gas, and energy relating to his more than forty years of experience in LNG and natural gas project development, company leadership, complex LNG plant operations, systems design and mechanical engineering, and project planning and control.

Mr. Quine began his career working full time in civil structural and utility construction in the late 1970's, while attending college classes evenings and weekends. During that time, he earned a bachelor's degree in electrical engineering as a Tau Alpha PI Honor Student and graduated with highest honors from Wentworth Institute of Technology. He also earned a bachelor's degree in legal studies from the University of Massachusetts because of his passionate interest in US history and law.

Mr. Quine began his professional career at Essex County Gas Company based on a recommendation for an engineering position by the Dean of Engineering at Wentworth Institute of Technology. Mr. Quine progressed through the ranks and eventually led areas of gas engineering, network analysis, gas supply projection, SCADA, gas dispatch, M&R facilities, district regulators, and all customer metering along with the annual O&M and CAPEX budgets of approximately $30 million per year.

As power and gas utilities began to form in the United States, Stone and Webster Management Consulting (SWMC) was an integral player in the initial creation of electric and gas utilities. Mr. Quine was recruited by an Essex County Gas SWMC Board Member to join Stone and Webster Engineering / Stone and Webster Management Consulting where he spent four years on LNG and natural gas EPC projects and international consulting assignments in natural gas, LNG and CNG projects.

In 1996, Mr. Quine founded and served as CEO of Northstar Industries, LLC to provide project development formulation, engineering, procurement, prefabrication, and field construction for LNG, natural gas, gas storage, and CNG projects. Over the next 20 years, Mr. Quine and Northstar earned a reputation for providing safe, reliable, and cost-effective systems. Mr. Quine created patentable technology which focused on module design for all sizes of LNG and natural gas projects. Northstar's customer base was historically gas transmission, gas local distribution companies, electric power producers, gas storage customers, and LNG customers.

After building this successful EPC business, Mr. Quine left Northstar in order to devote the balance of his career specifically toward complete LNG project development, from concept and capitalization to commercial operations.

Executive Bench & Senior Advisors

Rob Bryngelson

President · New Energy LNG

Conceived, financed, and delivered 14+ complex LNG and large-scale energy projects across the U.S., Europe, Latin America, Asia, and the Middle East. Brought $3.5B+ in LNG infrastructure to market.

Founder, WaveCrest Energy

Co-founder, Excelerate Energy

Mukran & Lubmin Dockside LNG regasification (Germany — each delivered in 18 months)

Rob Bryngelson, President, New Energy LNG, is a proven executive leader and entrepreneur in the global energy infrastructure sector, with a track record of conceiving, financing, and delivering over 14 complex LNG and large-scale energy projects.

As the founder of WaveCrest Energy and co-founder of Excelerate Energy, he has brought over $3.5 billion in LNG infrastructure to market, with operations spanning the U.S., Europe, Latin America, Asia, and the Middle East. He is known for navigating regulatory, financial, and operational complexity to deliver strategic energy solutions that enhance energy security and resilience. He has consistently worked at the forefront of commercially viable infrastructure models, creating and structuring investment-ready platforms and lead global teams through complex geopolitical and technical environments.

His most recent accomplishments include Mukran and Lubmin Dockside LNG regasification projects, each in Germany, completed in 18 months from start.

F. "Chico" DaFonte

Executive Vice President

37 years in business development, operations, planning, resource portfolio management, and regulatory strategy across natural gas and electric utilities.

Former VP Regulated Infrastructure Development, Liberty Utilities (Algonquin / NYSE: AQN)

Helped lead acquisition of 7 utilities across 8 states; formed Liberty's Energy Procurement team

Senior management roles at NiSource (NYSE: NI) and Eversource (NYSE: ES)

Expert testimony in 8 states and at FERC

F. Chico DaFonte, Executive Vice President, brings thirty-seven years of business development, operations, planning, resource portfolio management and regulatory strategy experience in senior and executive management roles across the natural gas and electric industries.

Most recently, Mr. DaFonte as Vice President, Regulated Infrastructure Development with Liberty Utilities, subsidiary of Algonquin Power and Utilities Corp. (NYSE: AQN) developed LNG, hydrogen and other infrastructure projects for the company's regulated and unregulated utilities. Prior to this role, Mr. DaFonte was an integral member of Liberty's executive team and helped lead the acquisition of seven utilities in eight states while forming and leading Liberty's Energy Procurement team.

In 2011 before joining Liberty Utilities, Mr. DaFonte held senior management positions with several utility companies including NiSource, Inc. (NYSE: NI) and Eversource Energy (NYSE: ES) where he was responsible for resource portfolio planning, procurement, trading, risk management, regulatory strategy, and gas control operations.

Throughout his decades of experience in the energy industry, Mr. DaFonte has been a recognized leader in the natural gas utility space. He has provided expert testimony in eight states and at the FERC while helping to shape regulatory policy. Mr. DaFonte is a graduate of the University of Massachusetts, Amherst, where he majored in Mathematics and Computer Science.

Mark Courtney

Senior Coordinator

30+ years in midstream and commodities project development, commercial structuring, and investment banking.

13 yrs at CIMA Energy (Mitsubishi) — VP Business Development reporting to CEO

VP Commercial Operations, Falcon Gas Storage Inc.

8 yrs · Enron Capital & Trade — senior roles in retail gas/power, producer services, power plant development

MBA Finance & BBA Economics/Management — Rice University

Mr. Courtney brings over 30 years of project development, commercial, and investment banking experience in midstream and commodities, including 13 years at CIMA Energy, a wholly-owned subsidiary of Mitsubishi Corporation, where he was Vice President of Business Development reporting to the CEO. Mr. Courtney contributes a wealth of knowledge of all aspects of the US energy industry.

Prior to CIMA, he served as Vice President of Commercial Operations for Falcon Gas Storage Inc., an independent storage development company. He also spent eight years at Enron Capital & Trade, where he worked in a number of senior positions, including retail gas and power, producer services, industrial services, compression services, and power plant development.

Mr. Courtney's energy career began at the renowned investment bank Howard Weil Labouisse Friedrichs, where he worked as an equity analyst covering the midstream, upstream, oil service, and pipeline sectors. He graduated from Rice University with an MBA in Finance and a BBA in Economics and Management.

Tom High

Senior Technical Project Manager

30+ years in LNG, cryogenic systems, technical sales, and project management. Praxair / Northstar / Chart Industries.

10 yrs Sr. Engineer · Northstar Industries — utility & interstate pipeline LNG/CNG EPC

Business Development Manager, Chart Industries — LNG + Liquid Oxygen systems

Member · NFPA Technical Committee on LNG (2001–2009)

Co-inventor, U.S. Patent 5,390,500 — Cryogenic Fluid Vaporizer System & Process

BS Mechanical Engineering, Rensselaer Polytechnic

Tom High, Senior Technical Project Manager, brings over 30 years of engineering, technical sales, and project management experience in LNG, cryogenic systems and energy sector at companies such as Praxair, NorthStar, and Chart Industries.

Most recently with Northstar Industries for 10 years as a Sr. Engineer/Project Engineer, Mr. High was involved in technical LNG and CNG development, applications, and project management along with other natural gas EPC projects for important utility and interstate pipeline company clients.

Prior to joining Northstar, Mr. High served as a Business Development Manager for LNG systems and Liquid Oxygen Systems (for ozone water treatment) at Chart Industries. During his time with Chart, Mr. High was also a member of the NFPA Technical Committee on Liquefied Natural Gas from 2001 – 2009.

Mr. High's technical and project management experience also includes cryogenic equipment design and air separation plant design for Praxair, Inc. (now Linde PLC). While at Praxair, Tom and his team developed U.S. Patent No. 5,390,500: Cryogenic Fluid Vaporizer System and Process (assigned to Praxair Technology, Inc.).

Mr. High has a Bachelor of Science degree in Mechanical Engineering from Rensselaer Polytechnic Institute.

Stephen B. Traicoff

Senior Advisor

35+ years in physical commodity management, trading, risk, and storage optimization. Led capital raises totaling $360MM+ for midstream development companies.

Director, Energy Finance Group · Enron Capital & Trade (1994–1999)

14 yrs at ARCO — ARCO Chemical & Lyondell Petrochemical

Chevron Texaco · Mitsui USA · Nomura · Tokyo Electric · Tokyo Gas · Korean Electric Power

BS Chemical Engineering, Ohio State · SEC/NASD Series 7, 63

Stephen B. Traicoff, Senior Advisor for New Energy Development Company, brings over 35 years of energy-related experience bringing in-depth knowledge of physical commodity management, trading and risk management with a strong background in physical storage management and optimization.

Mr. Traicoff most recently headed the due diligence efforts for a start-up midstream project development company, where he led the market analysis and financing efforts that resulted in raising over $360 MM in equity funding, including about $39 MM in initial venture funding. Mr. Traicoff was directly engaged in preparing Information Memoranda and Offering Memoranda targeting initial venture fund investors, as well as preparing the in-depth macroeconomic and business overviews in the Offering Memoranda, successfully raising new equity of $321 MM from over 50 institutional and private investors.

A truly seasoned executive, Mr. Traicoff has worked with countless world-renowned energy-focused companies, including Chevron Texaco, Mitsui USA, Nomura Securities, Trans-Global Solutions, Tokyo Electric, Tokyo Gas, Korean Electric Power, Itochu, Safety-Kleen Koppers, Morgan Stanley, and Fairway Energy Partners.

Mr. Traicoff served as Director, Energy Finance Group of Enron Capital and Trade Resources Corp. in Houston, TX between 1994 to 1999. Prior to joining Enron, he spent 14 years with Atlantic Richfield in ARCO Chemical Co. and Lyondell Petrochemical. He holds a BS in Chemical Engineering from The Ohio State University. Certifications include SEC/NASD Series 7 and Series 63.

William "Bill" Rochelle

Senior Advisor

30+ years in cryogenic and industrial-gas engineering and project management. Chemical, petrochemical, industrial gas, and bio-pharma project execution.

20+ yrs cryogenic processing · Chart Industries

15+ yrs Manager of Projects · Chart E&C Systems

Cold-box design/build, NRU, PDH, Chart standard modular LNG

MS & BS Chemical Engineering, Tufts University

William (Bill) Rochelle, Senior Advisor for New Energy Development Company, brings more than 30 years of experience in engineering, and project management in the chemical, petrochemical, industrial gas and bio-pharmaceutical industries. Bill's cryogenic gas processing experience includes over 20 years with Chart Industries in engineering and project management on the design, procurement and manufacturing of cold boxes, vessels, CIK's, rotating equipment and packaged equipment systems.

Mr. Rochelle served as the Manager of Projects for Chart E&C Systems business for more than 15 years and has been involved in contract review, proposal development and estimating, scheduling and new product development. He carries extensive experience managing large design-build cold box projects for LNG base-load plants as well as Nitrogen Rejection Units (NRU) and Propane Dehydrogenation (PDH) process plants and Chart's standard modular LNG plants. Mr. Rochelle has a Master of Science Degree in Chemical Engineering and a Bachelor of Science Degree in Chemical Engineering from Tufts University, Medford, MA.

Robert "Bob" Kamb

Senior Advisor · Marine & LNG Ops

Nearly 4 decades of practical LNG marine operations. U.S. Merchant Marine Master with 15 years on US-flag LNG carriers — responsible for 22M+ m³ of LNG.

Manager, LNG Services · ABS Group Consulting (5 yrs)

Master mariner · 30+ yrs U.S. Merchant Marine

Founder, Kamelot Marine Services — owner's rep & marine ops advisor for FSRU projects

Managing Partner, Mystic River Partners LLC — LNG-as-marine-fuel solutions

Robert W (Bob) Kamb, Senior Advisor for New Energy Development Company brings nearly 4 decades of practical LNG marine operations experience to New Energy in LNG technical project development and operations. Drawing upon his experience as Manager, LNG Services for ABS Group Consulting for 5 years, he applied his broad technical knowledge and operational experience to work on a wide variety of global LNG projects. Prior to joining ABS, Mr. Kamb spent 3 decades in the US Merchant Marine, attaining the rank of Master and serving on a wide variety of ship types, including 15 years on US flag LNG Carriers, with responsibility for the care and handling of over 22 million m³ of LNG.

During breaks from seagoing service, Mr. Kamb founded Kamelot Marine Services, applying his LNG technical know-how as owner's rep and marine operations advisor to LNG FSRU projects around the world. He also served as Managing Partner of Mystic River Partners LLC, providing solutions for LNG and other marine projects, including shipping, safety, risk management, navigation advice, cargo transfer support and development and delivery of LNG operations and technical training with a focus on LNG as a marine fuel. When not traveling to meet the needs of LNG consulting clients, Mr. Kamb divides his time between his family home in Cape Cod, Massachusetts and The Woodlands, TX.

In Memoriam

Ken Ziober · Vice President, Business Development · 1955–2023. With gratitude for 30+ years of midstream, trading, and market-development leadership.

Operators, first. Advisors, second.

Alexander "Hap" Ellis III

Scott M. Shields

Thomas G. Quine

Rob Bryngelson

F. "Chico" DaFonte

Mark Courtney

Tom High

Stephen B. Traicoff

William "Bill" Rochelle

Robert "Bob" Kamb

Operators, first.
Advisors, second.