Avantus Announces The Appointment Of David Flory As Chief Financial Officer To Lead Next Growth Phase Of The Company

Avantus, a leading U.S. developer of utility-scale solar and solar-plus-storage projects, has announced the appointment of David Flory as its new Chief Financial Officer. In his new role, Flory will oversee the company’s financial strategy and operations, supporting Avantus’ continued growth as it expands its development pipeline and asset portfolio. Flory brings close to three decades of experience in energy finance, with expertise in corporate and project finance, private equity, and mergers and acquisitions.

Prior to joining Avantus, he served as Executive Vice President and Global Head of Project Finance at Sonnedix, where he led the financing of over $10 billion in solar projects across multiple regions including the United States, Chile, Europe, and Japan. Earlier in his career, he held several senior leadership positions at AES Corporation, including Vice President of Project Finance at its solar-focused subsidiary, Silver Ridge Power.

Cliff Graham, Chief Executive Officer at Avantus, stated, “As we evolve from a pure developer of solar and storage to a project owner and operator, we are lucky to have an experienced and dedicated practitioner like David guiding our journey. David brings a depth of expertise across all aspects of corporate and project financing that will prove invaluable to our next phase of growth.”

Flory stated, “With a mature pipeline in high-value markets, strong investor support and clear leadership under Cliff, Avantus is uniquely positioned to meet surging demand for clean, reliable and affordable energy. I’m excited to work alongside such an impressive and mission-driven team to scale the business and bring more projects online in the months and years to come.”

His appointment comes at a time of significant momentum for Avantus. The company recently secured a majority equity investment from global investment firm KKR and announced key leadership appointments, including Cliff Graham as Chief Executive Officer and Venkatesh Inti as Chief Development Officer. These strategic developments underscore Avantus’ ambition to scale up its clean energy initiatives. Currently, the company is developing approximately 30 gigawatts of solar capacity and 94 gigawatt-hours of energy storage across California and the Southwest, making it one of the largest clean energy portfolios in the United States.