Valerie Gardner, Managing Partner
For much of the last decade, as a principal of Tiemann Investment Advisors, LLC (TIA), Valerie has been studying the impacts of carbon risks on economic activity and portfolio returns. Beginning in 2009, she began developing quantitative, data-driven strategies for reducing carbon risks within investment portfolios. While many of her peers were engaging in ESG-focused explorations, Valerie’s research led her in an entirely different direction: seeking to understand where the most scaleable sources of abundant clean energy come from. This caused her to take a deep dive into the nuclear industry, when she discovered that the vast majority of the U.S.’s carbon-free energy is produced by nuclear power. TIA introduced its “Future Generation” portfolio in 2014, utilizing a unique methodology for constructing a “post-carbon priced” portfolio for public market securities, that effectively eliminates carbon risk without reducing market exposure within the overall energy sector allocation. In developing the Future Generation portfolio, what Valerie learned about nuclear power—and especially the advancements being developed now—led to the launch of Nucleation Capital. TIA, an investment firm founded by Ms. Gardner and Dr. Jonathan Tiemann in 2002, with over $250 million in AUM, sponsored the development of Nucleation Capital.
Prior to TIA, Valerie served as co-founder, CFO and General Counsel of two innovative, high technology companies, Willow Peripherals in New York City and WebTV Networks in Silicon Valley, which was acquired by Microsoft. Valerie credits WebTV’s role in introducing her to the vast resources available on the Internet, to her growing unease about climate change. She began a long and still ongoing period of research and study of environmental issues, energy use, climate change and climate solutions in 2005, which since then has resulted in the launch of several climate-related initiatives including a Federal Stimulus-funded home energy efficiency program for five Silicon Valley towns in 2011 and the establishment in 2016 of the non-profit clean energy group, the Climate Coalition, which calls for all-inclusive clean energy policies to accelerate development of zero-emitting electric grids. Climate Coalition supports empowering every geographic region with the ability to select from as broad a menu of clean energy options as possible, including nuclear power, to allow them to best meet their energy and grid resiliency needs. Not every area has the ability to deploy hydro, and many do not benefit from abundant natural wind and solar resources, so without the ability to access clean nuclear, they have to turn to coal or natural gas. Valerie earned a BA from Colgate University, a JD from Northeastern University Law School and an MBA from the Yale School of Management.
Rodney Adams, Managing Partner
Rod Adams is an independent atomic energy expert who has chronicled the nuclear industry over the last 25 years. He has a B.S. in English from United States Naval Academy (USNA), a M.S. in Systems Technology from U.S. Naval Postgraduate School, and a Naval War College diploma in Defense and Strategic Studies. His sea-going submarine service included 11 deployments, five as a junior officer on USS Stonewall Jackson in various engineering and communications division assignments, and six as the Engineer Officer (Engineering Department Head) on USS Von Steuben. During a shore duty assignment at the USNA, he pursued an independent studies program focused on alternative energy technology. He focused on refinements to nuclear heated, closed cycle gas turbine engines and received a patent for a related control system. He resigned his active duty commission to start Adams Atomic Engines. AAE was founded on the idea that much smaller nuclear plants using simplified system designs could be competitive power source for commercial ships, islands and populated or resource-rich areas not served by conventional power grids.
In the post-911 era, Rod was recalled to active duty as a Systems Engineering instructor at the USNA. He closed Adams Atomic Engines—which was ahead of its time—and served as a program manager for a headquarters information portal and as a requirements officer for numerous programs including submarine and surface ship technical training and shore-based and nuclear shipyard maintenance facilities. Ultimately, Rod retired from the US Navy as a Commander. Mr. Adams is a recognized thought leader in the small nuclear power system sector. He has published articles in Forbes, ANS Nuclear Cafe, and Fuel Cycle Week. He started publishing insightful information about nuclear power back in 1995, which over the years became the online newsletter, Atomic Insights, now one of the most respected blogs focused on nuclear energy. In 2006, Rod again broke new ground by adding live interviews, making The Atomic Show the only place to learn about key trends from industry experts—podcasting before that was a thing. Both venues continue to be the place where Rod makes atomic energy information accessible to the public.
Rick DeGolia, Managing Member
Rick DeGolia is an attorney who has worked in Silicon Valley as a senior software executive, business consultant and entrepreneur. He holds a B.A. in American Studies from U.C. Berkeley and a J.D. from Harvard Law School. As a partner with Wilson, Sonsini, Goodrich & Rosati, Rick represented emerging growth companies in the software, retail, telecommunications, venture capital and investment banking industries. He helped launch Genesys Telecommunications as Sr. VP, Strategic Planning and Business Development, where he structuring strategic relationships with MCI, ATT, Cisco, Alcatel, HP, Siemens, and others. At Genesys, he raised three rounds of venture capital, managed the company’s initial public offering in 1997 and sold the company to Alcatel for $1.9 billion. After that, he launched Apptera, a software company for which he raised three more rounds of venture capital and served as CEO, Chairman and Chief Strategy Officer.
Rick was a member of The Angel’s Forum, a venture capital partnership, where he focused on cleantech and enterprise software opportunities. He is a principal inventor on eleven issued and two pending US patents, representing six families of technology inventions, mostly in the customer relationship management space.
Rick has served as a member of the Atherton City Council since 2013. He is Vice-Chair of Peninsula Clean Energy, the electricity provider to San Mateo County, California, with 300,000 commercial and residential customers, and he’s a charter member of Environmental Entrepreneurs (E2).
Jonathan Tiemann, Partner & CFO
Dr. Jonathan Tiemann, co-founder of Tiemann Investment Advisors, LLC, has over 30 years of investment experience, including 18 years as President and Chief Investment Officer of Tiemann Investment Advisors. He earned his B.S. in Applied Mathematics from Yale, his M.S. in Operations Research, and his Ph.D. in Finance from Yale. Jonathan was an Assistant Professor of Finance at Harvard Business School for five years before joining Wells Fargo Nikko Investment Advisors (which later became Barclays Global Investors (BGI), and is now Blackrock). Over five years, he served in a number of roles, ending up as Chief Investment Strategist, responsible for managing $200 billion in institutional assets. After BGI, he served as President of BARRA RogersCasey Asset Services, where he developed a hedge fund-based investment strategy for institutional investors.
Dr. TIemann was at the forefront of what is now called “Fintech” and developed the AdvisorTech investment strategy while serving as Chief Investment Officer and Chief Investment Strategist at AdvisorTech Corporation and later for the MyVest Corporation. He has served as an expert witness for financial litigation and has consulted on numerous investment and valuation due diligence teams. He has also served on the Economic Advisory Board of the Financial Industry Regulatory Authority (FINRA). Jonathan collaborated in the development of Future Generation’s index-style approach to reducing risks posed by carbon emissions on client portfolios. This innovative approach helps ensure that all portfolios have a more appropriately diversified energy sector portfolio that more fully reflects the growing contributions of clean energy sources, something few other “sustainable” or ESG portfolios can claim.
Mike Jackson, Venture Partner
Mike Jackson founded Village Green Energy in 2007, a renewable energy carbon credit wholesaler and retailer, working to drive the transition to renewable energy and increased energy efficiency. Soon after launching that, Mike was hired as an associate at The Westly Group, a premier cleantech venture fund. Over nine years, Mike learned all aspects of the venture capital business and worked his way up to partner, which, by the time he left, had raised over $400 million in AUM. During his time there, Mike led ten cleantech investments, realized four successful exits including Simple Energy (merged to form Uplight); Honest Buildings (acquired by Procore); SCL Elements (acquired by Schneider Electric) and CREG, which went public and was listed on the Nasdq. Of his remaining six investments, five companies are still growing and thriving with over $2.2 billion in follow-on funding. Mike has also served as Investor-in-residence at Elemental Accelerator, where he sourced seven portfolio companies and coached more than 50 ventures. He was a Developer-in-Residence at pioneering project financier Generate Capital, where he worked on numerous clean energy projects and financings.