Distributed energy resource managment firm Enbala Power Networks announced that Eric Toler has joined its team as chief financial officer and executive vice president of corporate development.
Toler brings Enbala more than 20 years of executive leadership experience with high-growth technology companies and is skilled at rapidly building companies to scale, raising equity and debt capital, optimizing internal operations and executing complex transactions. At Enbala, he will be responsible for the firm’s financial operations and activities, including long-term strategic growth and investment initiatives that will contribute to the firm’s ongoing market expansion.
“As a highly experienced C-level operational leader for rapidly growing technology companies, Eric makes a fantastic addition to the team as we continue to scale Enbala,” said CEO Arthur “Bud” Vos. “His engineering background, combined with his understanding of the energy space, experience with large technology companies and track record of raising capital, makes Eric the perfect fit for Enbala as we pursue our aggressive growth objectives.”
Toler was previously with Global Technology Resources, Inc. (GTRI), an IT systems and services firm that serves large and mid-sized corporate clients and which has a substantial federal government practice. At GTRI, Toler was responsible for financial operations, financial planning, legal, corporate governance, banking and M&A activities. Prior to GTRI, Toler was CFO for T3Media, Inc., where he was instrumental in raising more than $72 million of equity capital and growing revenue nearly five-fold. Earlier, Toler was CFO at Carefx Corporation and CampusLogic, Inc. (Core3), and was president of Attachstor, which he sold to Tacit Networks.
Before his executive leadership roles, Toler worked in principal investing and corporate finance with Koch Ventures, where he helped lead several successful public and private exits. He earned his MBA with Highest Distinction from the University of Michigan and a BA from Dartmouth College with a double major in Engineering Sciences and English.
“Enbala is a leader in using software optimization and industrial Internet technologies to solve the tough technical challenge of balancing utility systems and their customers in the context of significant growth in distributed energy resources,” commented Toler. “As a leader in the transformation of how grid and system operators move from a centralized model to a distributed model, Enbala has the software solutions and execution expertise to successfully solve the emerging energy balancing objectives,” he added. “The market is at the beginning stages of explosive growth, and I couldn’t be more excited about being in the midst of this transformation, helping Enbala build to scale and optimize operations.”