Securing solar & storage projects before and beyond 2026: Compliance, trade risks & long-term strategy

Richard Matsui advises investors and companies accelerating the Energy Transition. With nearly 20 years in clean energy, spanning roles of Founder/CEO, U.S. DOE, and McKinsey, he helped to scale solar from a niche to a mature asset class. He brings insights to help emerging technologies follow that trajectory. He was previously the Founder/CEO of kWh Analytics, the leader in Climate Insurance. He invented the Solar Revenue Put, a financial instrument adopted by leading investors ranging from DE Shaw to AES to protect nearly $5 billion of solar power plants. kWh Analytics is backed by private venture capital and the US Department of Energy. Prior to that, he was a consultant with McKinsey & Company based in Greater China, where he helped found the Firm’s solar practice in 2007. There, he established himself as a leading global expert on the solar industry by accumulating the most industry experience of all consultants within the Firm. He graduated from Georgetown University’s School of Foreign Service magna cum laude and Phi Beta Kappa, and is fluent in both English and Mandarin Chinese. He is proud to have been born and raised in Honolulu, Hawaii. He is also a Forbes "30 Under 30" award recipient for Energy.

Philip Shen is a Managing Director, Senior Research Analyst at ROTH, specializing in equity research coverage of the cleantech sector, focusing on renewables. Since 2010, he has established a strong reputation and network within the industry, allowing him to stay at the forefront of developments impacting solar stocks and the broader industry. Various financial media publications, including the Wall Street Journal and Barron's, have sought his insights. In 2023, Institutional Investor magazine placed him as a "Runner Up" for his Clean Energy coverage. Prior to joining Roth Capital Partners, Mr. Shen served as a Research Associate at J.P. Morgan and Bear Stearns. His exceptional performance was recognized with notable awards, including the StarMine Analyst Award for being the No. 1 Earnings Estimator of Semiconductors and Semiconductor Equipment in 2015, as well as the Thomson Reuters Award for being the No. 1 Stock Picker of Semiconductors and Semiconductor Equipment in 2016. Furthermore, he was part of a Bear Stearns and J.P. Morgan team that consistently ranked as "Second Team" for Machinery coverage according to Institutional Investor magazine in 2007, 2008, and 2009. Mr. Shen holds a B.S. in computer science from Brown University and an M.B.A. from Stanford University.

Jenny Speck advises clients on the qualification for and the monetization of energy transition tax incentives. She has worked on a range of energy transition projects, including onshore and offshore wind, solar, combined heat and power, biogas property, carbon capture, hydrogen and clean fuel credit projects. She has firsthand knowledge of the carbon capture industry, having served as the senior manager of tax and regulatory compliance at Navigator CO2 Ventures LLC from April 2022 through October 2023. At Navigator, Jenny led all aspects of tax qualification, utilization and reporting compliance for federal income energy tax credits and served as Navigator’s sole liaison with the US Department of Energy. She was recruited and served as an independent Merit Reviewer of the Department of Energy loan program for carbon capture and storage demonstration projects. Jenny also provides tax advice on traditional purchase agreements, including the sale and purchase of tax credits, joint ventures, financings and other general transactional work.

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