El Dorado Ventures El Dorado Ventures

EDV Strengthens Cleantech Team, Adds Robert Chiste as EIR

April 20, 2010

Menlo Park, CA – El Dorado Ventures (EDV) today announced that Robert M. Chiste has joined the firm as an Executive-in-Residence (EIR). Chiste was most recently the Chairman, President and CEO of Comverge (NASDAQ: COMV), where he led the company’s successful 2007 IPO. Comverge serves the utility and commercial and industrial markets with energy efficiency and demand management solutions.

At El Dorado, Chiste will seek out new investment opportunities related to alternative energy sources and the smart grid.

Chiste was with Comverge from 2001 to 2009. Previously, he was a venture capitalist, corporate executive and start-up company entrepreneur. He formed the corporate venture group for Transco Energy Company (now Williams Co.) and was President and CEO of Allwaste, Inc., a public industrial services and energy company. Bob was a co-founder of TriActive, FuelQuest and iMark, Inc. Bob continues to serve as Chairman of TriActive.

“Bob brings a unique background combining venture capital, energy, cleantech and entrepreneurism,” said Scott Irwin, a general partner with EDV. “Bob will be an important member of our team as we expand our cleantech portfolio.”

“El Dorado is a leading Silicon Valley venture capital firm and a significant participant in the clean energy sector,” said Chiste. “They have a superior team of proven professionals and I look forward to working with them on smart grid and alternative energy supply solutions.”