Governance and Leadership

Board of Directors

Wade Malcolm, Chairman
CEO, Open Energy Solutions Inc.

Mark Gustafson

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As a graduate of the University of Washington with a B.Sc. in Mathematics, Mark Gustafson has 30+ years of experience in the software industry, in verticals including healthcare, personalized photo manufacturing and most recently the energy and utility industry.

In 1999 Mark co-founded Reischling Press Inc.’s current business model and led their technology revolution in the personalized photo merchandise industry for over 11 years as their CTO and executive director. Today RPI has offices in Seattle, Atlanta and the Netherlands.

From 2010-2012 Mark was the CEO of August Systems, a home health software company where he led them to a cloud / SaaS based delivery model.

Mark’s experience in Agile software delivery and Dev Ops landed him at Avista Corp. where he helped bring modern software delivery and operations techniques to the Utility.

Mark now works as a Senior Manager in business development and strategy at Avista Corp., where he helps lead innovation and commercialization actives as well as corporate venture capital for Avista’s strategic investments and economic development, which includes co-founding Mind to Market LLC, an Inland Northwest Pre-seed venture capital fund.

Mark is currently working on his Master of Science in Data Science at Northwestern University. He has a Utility Management Certificate from Willamette University and a Certificate of Finance and Accounting for Executives from the University of Washington Foster School of Business. Mark holds numerous patents and currently serves on numerous boards in the energy startup space.

Koki Sato

Koki Sato

Koki Sato was appointed General Manager of Corporate Development Department in May of 2018, and is responsible for ITOCHU’s advanced business initiatives. He is responsible for a newly established Corporate Venture Capital Fund focusing on investing in next-generation businesses for ITOCHU’s seven Division Companies consisting of textile, machinery, metals and minerals, energy and chemicals, food, general products and realty, information and communications technology (ICT), and finance as well as ITOCHU’s new business initiatives in IoT, healthcare, mobility, retail, and materials and new technology.

As Senior Officer of the ICT Division, he was responsible for a $150M+ Corporate Venture Investment Asset, with an average of $10M-$15m direct investments per year in disruptive technology companies, and 60+ LP investments including Andreessen Horowitz, DFJ, SV Angels, and other major US-based VC funds. He also serves on the board of ITOCHU Technology Ventures which manages a $200M fund. He is also a board member of ITOCHU Interactive, PCHome Store (Taiwan), Inagora and Excite One (Forex social trading). Since joining ITOCHU in 1992, his 20-year experience has been in venture incubation and investment in digital media, b2c business and digital marketing, and internet-ads business. He established over 8 joint ventures including Excite Japan,,, 52school, NASCA, Accupy, etc.

With a hands-on management approach, he has seen some new joint ventures grow to become a $3B+ company at the time of the IPO. He earned a bachelor’s degree in mechanical engineering from Kyoto University.

Brian Savoy

Brian Savoy

Brian Savoy is senior vice president, business transformation and technology for Duke Energy. He is responsible for information technology and leading business change to advance the company’s strategic objectives.

Prior to this role, he served as chief accounting officer and controller for Duke Energy where his responsibilities included the accounting, financial reporting and internal controls for the corporation.

Savoy joined Duke Energy in 2001 as a manager in Duke Energy’s energy trading unit, Duke Energy North America. He was named director of trading and risk services later in that year. Savoy led derivative accounting and trading control functions for energy trading and marketing activities and was instrumental in the successful wind-down and disposition of Duke Energy North America in 2005.

Following Duke Energy’s merger with Cinergy in 2006, he was appointed as vice president and controller of the commercial power segment and responsible for accounting, financial reporting and internal controls functions. In 2009, Savoy was named director of forecasting and analysis where he played a significant role in addressing challenging business and strategic issues, including leading financial due diligence for the Duke Energy/Progress Energy merger completed in 2012. He assumed his current position in May 2016.

Prior to joining Duke Energy, Savoy was a manager with the international accounting firm, Deloitte & Touche where he oversaw audit engagements for large energy clients. Savoy earned a Bachelor of Business Administration degree in accounting from Lamar University in Beaumont, Texas and completed the Advanced Management Program at the Fuqua School of Business at Duke University in Durham, N.C. He is a certified public accountant in both Texas and Ohio.

Savoy currently serves on the boards of advisors for the Belk College of Business at UNC Charlotte and the McColl School of Business at Queens University.


Paul F. Choe

Paul F. Choe

Paul F. Choe is the Deputy General Manager, Corporate Development Department, ITOCHU Corporation with expertise in new business development and market entry strategy, advanced technology commercialization and technical transfer. He is responsible for creating innovative new growth strategies in the next generation social infrastructure sector since 2010. He has led ITOCHU’s advanced technology commercialization and technical transfer efforts in the areas of transportation electrification, distribution microgrid, commercial building microgrid, energy storage system, home energy management system, and DER through various industry-wide smart grid demonstration projects in the US. Through a state-level strategic partnership, he helped facilitate, encourage, and support commercialization of advanced technologies developed by commercial companies, universities, and research centers in the areas of renewable and new energy, smart grid, advanced manufacturing, and life science.

Prior to his current position, he was actively involved in identifying, developing and implementing global market entry and growth strategies for over 27 years, providing strategic alliance and M&A solutions in the areas of advanced technologies, IT, media and communications, food, machinery, and retail.

He earned a bachelor’s degree from the College of Political Science & Economics at Korea University, after attending Premedical School at Catholic University in Korea.

Jason Handley, P.E.

Jason Handley, P.E.

Jason Handley, P.E. is the Director of Smart Grid Emerging Technology and Operations in the Emerging Technology Office at Duke Energy. He is a respected utility industry professional based in Charlotte, North Carolina. Jason has over 22 years of utility experience specializing in the smart grid, distributed intelligence, and operations management.

Jason excels at understanding the increasingly complex utility environment, managing the new digital utility workforce, and delivering on the execution and financials of technology projects. In his current role, Jason identifies and develops new technologies impacting the electrical grid and oversees all the ongoing operational aspects on new technology pilot projects in Duke Energy’s Smart Grid Emerging Technology group.

In addition to being a past Chairman of EPRI’s IntelligGrid Program Advisory Committee P161 and serving on the Board of Directors for the Smart Grid Interoperability Panel, Jason serves on the NIST Smart Grid Advisory Committee, the SAS Utility Advisory Board, the DistribuTECH Advisory Committee, and numerous other committees.

Jason received his electrical engineering degree from Auburn University and his MBA at Wake Forest University. He has been a registered professional engineer since 2002 and received his electrical contractor’s unlimited license in 2009.

Curt Kirkeby, P.E.

Curt Kirkeby, P.E.

Curtis Kirkeby holds a bachelor of science degree in electrical engineering (BSEE) from Montana State University and a Masters in Engineering Management (MSEM) from Washington State University. He is a registered professional engineer in the State of Washington and has extensive experience in the electric and gas utility industry; 6 years in substation design; 18 years in GIS, outage management, asset management, advanced metering systems, engineering modeling; and 14 years in applied research and development focused on energy storage, renewable integration, smart grid, and smart cities.

Mr. Kirkeby is currently responsible for innovation strategy and applied research and development, focused on technologies and solutions that enhance the grid and deliver increased value to customers.

Stuart Laval

Stuart Laval

Dr. Stuart Laval is Director, Technology Development in Duke Energy’s Emerging Technology office, where he leads the development of grid-edge operational technologies and pioneering utility interoperability standards. He currently serves as the co-chairman of the Open Field Message Bus (OpenFMB) task forces at the UCA International Users Group (UCAIug) and North American Energy Standards Board (NAESB).

Dr. Laval has over 15 years of experience in the development of over 30 technology solutions in electric utility power systems, telecommunications, and power electronics. He holds Bachelors and Masters degrees in Electrical Engineering & Computer Science from MIT, a MBA from Rollins College, and a Ph.D. in Industrial Engineering from the University of Central Florida.

Hiroyuki Nakai

Hiroyuki Nakai

Hiroyuki Nakai is Director, Business Development for ITOCHU International. He is responsible for investment and joint business development in emerging technology business areas, including energy, food, biotech, healthcare, ICT and electronics. Hiroyuki has 25 years’ experience in international business with ITOCHU, including 15 years' experience in investment and incubation of start-up companies. He earned a bachelor’s degree in Engineering Science from Kyoto University and is a Registered Management Consultant and a Wine Sommelier in Japan.


Wade Malcolm

Wade Malcolm

Chairman and CEO

Wade Malcolm has over 35 years of experience in business, strategic and operational leadership, management consulting, technology development and delivery, and operations in the electric utility industry. Mr. Malcolm has a proven executive management track record of providing and developing strategy, formulating plans of action, assessing risks and their control, building and turning around sectors of businesses, and assembling and managing cross-cutting teams. Wade has a broad power system background with substantial experience in information and communications systems, planning and operations, standards development and deployment, metering and communications technologies, and emerging technologies ranging from generation and T&D to beyond-the-meter.

Some of Wade’s previous assignments were (not inclusive):

  • CEO Americas, Omnetric Group, A Siemens and Accenture Company
  • Managing Director and Grid Operations Practice Lead, Accenture
  • President and CEO, EPRI Worldwide and Vice President, Power Delivery and Markets, EPRI
  • President and CEO, Powel Group Inc., a subsidiary of Powel ASA, Norway
  • Vice President eCommerce Development, Utility .com – the first internet utility

Wade has an MSEE and BSEE from Drexel University and has completed additional professional coursework including work at Stanford and Wharton. He is a Senior Member of the IEEE and a Registered Professional Engineer.

Dave Mulder

Dave Mulder

Vice President, Strategy and Solution Development

Dave is an Energy Industry Technologist interested in the identification, evaluation and application of new technologies that will disrupt and transform the industry. Dave enjoys starting with “blank slates and green spaces” and learning how technologies may create value for the industry.

Previous Assignments Include (non-inclusive):

  • Senior Consultant, Emerging Technologies at Leidos Engineering
  • Senior Consultant, Emerging Technologies at SAIC
  • Director, Green Grid Initiatives at Capgemini
  • Vice President, Utility Solutions Delivery at Current Group, LLC
  • Director, Venture Development and Integration, Cinergy Ventures

Dave has a BA in Economics from Beloit College and an MBA from the University of Wisconsin-Madison School of Business.

Larry Lackey

Larry Lackey

Director, Cybersecurity and Standards Development

Larry Lackey is responsible for cybersecurity and standards development. He is a major contributor to the NAESB OpenFMB Task Force including the model business practices, logical architecture, implementation approach, and best practices, and former Smart Grid Interoperability Panel (SGIP) liaison to the North American Energy Standards Board (NAESB) Open Field Message Bus (OpenFMB) Task Force. He has participated in SEPA/SGIP OpenFMB activities and meetings since kickoff, writing the initial FAQ, working on the DER Circuit Segment Management use case and data modeling as well as the OpenFMB repository and associated demonstration.

Previous Larry has provided middleware for various utility software vendors including SCADA, outage, metering, and early MultiSpeak products and participated in the Xcel Boulder, Colorado Smart Grid City project distributed intelligence event processing using 10% of a hardened computer processor. Other standards committees include SGIP PAP09 / OASIS Energy Interoperation, which is the basis for OpenADR. Larry has extensive experience in meeting business needs with resilient, low latency, and high throughput peer-to-peer systems.

As Principal Architect for TIBCO Software’s channels group, Larry was responsible for major agreements with Cisco, Siemens, Silver Spring Networks, International Game Technology, CA, Investment Technology Group, Trading Technologies, Thomson Reuters, IBM, and other companies. He previously designed and implemented banking software, especially for international trade banking.

Mike Groomes

Mike Groomes

Director, Infrastructure Operations

Mike is well versed in identifying, evaluating, developing, and implementing communications and technology platforms within the smart energy sector. He is highly effective at fault detection, device verification testing and troubleshooting. He is experienced in managing teams, product demonstrations and BETA field tests. Mike is able to grasp and apply new technology in a fast-paced, high-pressure environment with minimal direction. Mike is expert in over a dozen topical areas.

Previous Assignments include (non-inclusive):

  • Senior Consultant, SAIC/Leidos (North America)
  • Smart Energy Services Manager, CAPGEMINI (North America)
  • Product Support Manager, Current Group LLC

Mike has a B.A. in Economics from the University of Maryland, College Park.

Cory Nguyen

Cory Nguyen

Director, Software Engineering Services

Cory Nguyen is a skilled software engineer with over 14 years of IT and software development experience. As a team player with professional and responsible work ethics, Cory’s goal throughout his career is to get the jobs done on time, on target, and with the highest quality possible. Cory has extensive IT experience, and graduated with a Master’s Degree in Computer Science from University of Central Florida. In the past 10+ years, Cory has spent his time as a Senior R&D Software Engineer for the Utility industry with a focus on Monitoring and Diagnostics, and Grid Automation.

Cory is experienced with full SDLC, Waterfall, and Agile models. He has strong problem-solving skills and analytical skills working in a fast-paced environment. Cory was the lead engineer and co-inventor of several invention disclosures dedicated in the Utility domain.

Previous assignments include:

  • Senior Software Architect and Developer, ABB Inc, Lake Mary, Florida
  • Senior Software Developer, CrossPoint Schools Online, Orlando, Florida
  • Software Developer, Premier Trade, Altamonte Springs, Florida
  • Software Engineer II, Kinetics, Orlando, Florida

OES Team Members

OES has also built a network of partners that provide technology and development support. While remaining committed to supporting its current partners, OES is presently establishing relationships with additional companies, and works closely with clients to establish relationships with additional companies of interest.