Scaled companies
Nat has scaled five companies that sell, finance, install, and maintain solar assets. This includes Sunrun (NASDAQ: RUN), the nation’s largest residential solar company, which he co-founded in 2007.1
About Us
Helmed by Pioneers
Fairtide’s leaders have over 40 years of combined experience as entrepreneurs, executives, investors, and policy advocates.
We have facilitated financing for more than $1B in renewable energy assets.1
Spearheading the Solar Century
Fairtide’s managing partners haven’t just harnessed the exponential growth of solar energy—they helped bring it about. As industry leaders and innovators, they created the financial tools, shaped the public policies, and scaled the solar companies that make these strategies possible.
Shaped Policies
Nat led the solar industry to secure a permanent tax credit,2 helped create tax credits for clean energy manufacturers, and made renewable energy tax credits transferable, which transformed the tax equity market.3
Created Investments
Nat’s companies pioneered the residential solar PPA,4 residential solar tax equity,5 renewable energy YieldCo,6 solar back-leveraged debt,7 and solar home improvement ABS that are now market standards.8
2. Obamawhitehouse.archives.gov.
3. “Scratching the ITC: How the ITC was won…Nat Kreamer,” PV Magazine, February 2016.
4. “AEE Kreamer Calls on Congress to Switch Clean Energy Tax Credits,” Greentech Media, March 2020.
5. “Solar will Dominate Globally, Let’s Make Sure the US Solar Industry Profits From it,” Greentech Media, March 2017.
6. “SunRun gets $105 million financing from US Bancorp,” Reuters, November 2008.
7. Google, Clean Power Finance set up $75MM solar fund,” San Francisco Business Journal, April 2013.
8. “Morgan Stanley Brings $300 million to Residential Solar Leasing: Wall Street Giant will partner with Clean Power Finance…” Greentech Media, May 2012.
9. Spruce Securitizes Debt for Energy Efficiency, Residential Solar,” Bloomberg, June 2016
An Experienced Partner to Institutional Investors
Working together at Clean Power Finance as well as individually as executives and advisors, Nat and Tom have helped invest and/or manage billions of dollars for corporations, banks, and private equity firms.
Nat Kreamer
Managing Partner
Nat is a solar industry pioneer and policy leader, experienced chairman and CEO, and finance innovator. He is the co-founder of SunRun (NASDAQ: RUN), the nation’s second-largest owner of solar assets. Nat personally sold the first residential solar Power Purchase Agreement (PPA).
As a policy leader in the energy transition, Nat has led two of the three largest industry trade associations. Under his leadership they won >$100 billion in government incentives and changed laws making it easier for Americans to use clean energy and electric vehicles.
Nat’s personal ownership in solar assets helped launch HDM Renewable Energy, where Nat is an investor. He is also an investor and board member in innovative sustainability companies, including AMP and Highland Electric Fleets.
Nat is the lifetime chairman emeritus of the national solar industry association (SEIA); President Obama named him a Champion of Change for his work in clean energy; and Forbes includes him in its Solar 100 list. He earned a Bronze Star in Afghanistan while serving in the U.S. Special Forces. Nat has a BS from Northwestern University and an MBA from Rice University.
Tom Foody
Managing Partner
An experienced investor, operator, advisor and board member, Tom has represented leading investors including Kleiner Perkins, NEA, and Goldman Sachs. He held executive leadership roles across the solar value chain, was Chief Financial Officer of Clean Power Finance, and has extensive operating experience with high-growth, late-stage ventures.
Tom brings deep capital markets execution experience across IPO, private equity, private credit and M&A. Like Nat, Tom’s personal ownership in solar assets helped launch HDM Renewable Energy, where Tom is also an investor. He holds an MBA from MIT’s Sloan School of Management, an MSE from Stanford University and a BSE from Rensselaer Polytechnic Institute.
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