Principals


Edward Krapels

Edward N. Krapels is a leading authority on energy issues, markets, and policy, and one of the foremost developers of energy transmission projects in the United States. As an investor, he is the Founder of Anbaric Holding, LLC, the umbrella organization over various energy projects that Mr. Krapels, his partners, and investors are developing. Among those projects is the Neptune Regional Transmission System, a $600+ million independent HVDC transmission project currently in operation between the PJM market and Long Island.

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Timothy Vaill

Timothy Vaill is Anbaric’s Chief Financial Officer and oversees the company’s financial planning and growth.

Previously, Mr. Vaill was CEO of Boston Private Financial Holdings, a publicly held national wealth management company with private banking, wealth advisory, and investment management subsidiaries in multiple states.

Prior to Boston Private Financial Holdings, Mr. Vaill was a Senior Financial Consultant for Fidelity Investments and an Executive Officer for The Boston Company, managing banking and investment assets for individual and institutional clients.

Mr. Vaill has a Masters in Public Administration from the Harvard Kennedy School, an MBA in Finance from the Harvard Business School, and a BS in Mathematics from Tufts University, where in 2013, he also received the University’s Lifetime Service Award.

 

Clarke Bruno

Clarke Bruno oversees the company’s legal affairs and projects in the Mid-Atlantic region. He has had almost two decades of experience in the private and public sector in energy and environmental policy, project development, and litigation and regulatory law.

As counsel to former New Jersey Governor Corzine, he helped prepare the State’s energy master plan and provided legal and policy analysis on the State’s initiatives to upgrade the grid, spur renewable energy projects, redevelop brownfields, and increase public and private infrastructure investments. As a senior attorney during Mayor Bloomberg’s first term in New York City, Mr. Bruno led the team that won dismissal of four twenty-year old class action lawsuits and revitalized a 50-member legal department. Before entering government, he was a regulatory lawyer and litigator for nine years and clerked for a federal judge for one year. Mr. Bruno has also developed 195 units of low and moderate income housing in New York City.

Mr. Bruno graduated with honors from Swarthmore College where he won a Watson fellowship and cum laude from New York University School of Law where he was awarded a Hays fellowship. He has lived in France, Ghana, and Brazil and is fluent in French and Portuguese.

 

Bryan Sanderson

Bryan Sanderson has over a decade of experience in energy markets, with a strong background in both the natural gas and power sectors. Prior to joining Anbaric, he held roles in project development and energy marketing with Invenergy, an IPP specializing in the development of wind and natural gas generation assets. In these roles he was responsible for early stage development activities, as well as hedge risk and market modeling for assets approaching or in commercial operation.

Before moving the asset side of the energy business, Mr. Sanderson spent six years providing consulting and market advisory services to a range of clients across the energy value chain, and three years on the energy trading desk of a major hedge fund. In these roles, he was responsible for modeling supply, demand, price, basis, analyzing numerous market-related issues, and communicating his views on the markets to clients and traders. Mr. Sanderson holds a BS and MS in Chemical Engineering from MIT, and an MBA from the Kellogg School of Management at Northwestern University.

 

Howard Kosel

Mr. Kosel is an Anbaric Development Partner for the Poseidon Transmission project. Mr. Kosel has over 37 years of experience in the energy industry. Prior to joining the Anbaric team Mr. Kosel was a Managing Director at Abatis Capital LLC, an energy focused private equity firm. At Abatis Capital, Mr. Kosel lead the Asset Team responsible for asset valuation, market analysis and due diligence of prospective investments.

Prior to joining Abatis Capital Mr. Kosel was Vice President of KeySpan Corporation’s unregulated subsidiary KeySpan Energy Development Corporation, where he had responsibility for developing and executing KeySpan’s electric and gas asset strategy, including asset acquisitions, development, enhancements, optimizations and divestitures. During his career at KeySpan Mr. Kosel also served as Vice President of Generation Operations responsible for managing a fleet of 4,100 megawatts and growing it to over 6,800 megawatts of installed capacity. The growth led by Mr. Kosel is highlighted by KeySpan’s acquisition of the Ravenswood Generating facility, a 2,168 megawatt generating facility located in New York City, the development and construction of the Ravenswood 40 a 250 megawatt natural gas fired combined cycle facility and development and construction of 160 megawatts of peaking power plant projects on Long Island.

Additionally, during his tenure at KeySpan, Mr. Kosel held many senior operating positions in electric generation including plant manager and chief engineer, and transmission and distribution including Manager of Electric Design and Construction responsible for managing the maintenance, design and construction of the overhead and underground electric transmission and distribution system on Long Island.

Project Overview

The 78-mile Poseidon line begins in South Brunswick, New Jersey and connects to Long Island at the Ruland Road substation in Melville. This high-voltage direct current line will be buried underground or underwater over its entire route – leaving no impact on the surrounding environment. The project will help deliver affordable renewable energy to the heart of Long Island’s transmission and distribution network.

 

 

 

 

 

Notice of Open Solicitation

Poseidon Transmission 1, LLC (the “Company”), seeks generation suppliers wishing to offer energy, renewable energy credits, and/or capacity to the New York Power Authority (“NYPA”) via the Poseidon Transmission Project, a 79 mile high voltage, direct current transmission link between PJM and Zone K in the NYISO. Read More…

 

 

 

 

Environmental Benefits

The greatest single challenge in the development of renewable energy remains its cost. Poseidon provides Long Island with renewable energy at an affordable price. The project produces zero air or water emissions in New Jersey and Long Island, helping to safeguard local air quality and aquifers.