Richard E. Kessel is President and CEO of Medical Area Total Energy Plant (MATEP), an energy facility and microgrid located in Boston, MA that has been serving the Longwood Medical and Academic Area (LMA) with steam, chilled water and electricity for almost 30 years.
Mr. Kessel has 40 years of management and operations experience in the energy and utilities sectors, having served as CEO at a number of publicly held companies. Prior to joining MATEP, Mr. Kessel was President and CEO of Environmental Power Corporation, an owner and operator of renewable energy facilities, where he guided the recapitalization and reorganization of the firm and commissioned the largest bio-gas to pipeline-grade methane project in the world.
Previously, Mr. Kessel served as President and Chief Executive Officer of a subsidiary of Suez Energy North America, Trigen Energy Corporation (production capacity included 21.4 million pounds of steam and hot water, 207,000 tons of chilled water, and 780 MW of electric), and later as President and Chief Executive Officer of Suez Environnement North America ($1.5B in assets/ $1.3B in revenues). Additionally, he held board positions with Tractebel North America (now GDF Suez NA). His efforts resulted in significant increases in market share and revenues, improved return on capital and the successful integration of companies and cultures.
Earlier in his career, Mr. Kessel was the Chief Operating Officer at Sithe Energies, a 500MW cogeneration and hydroelectric company, and the head of sales and marketing initiatives at Ebasco Services, an international engineer/constructor of power plants.
Mr. Kessel also served on the Board of Directors of ISO New England, where he
gained extensive knowledge of the challenges and opportunities facing power companies in the Northeast region.
Mr. Kessel earned his B.S. in electrical engineering from Manhattan College. He has completed the course work for an M.A. in finance from New York University’s Stern School of Business, and received an advanced management degree from the Wharton School of Business, Executive Program.