Fullmark Energy appoints new CFO and board member amid expansion

CHICAGO - Fullmark Energy, an independent power producer focused on energy storage, announced Thursday the appointment of Bruce Thompson as Chief Financial Officer and Kyle Crowley as a new board member.

Thompson brings over 30 years of experience in risk management, finance, and origination, having most recently served as CFO of Jupiter Power LLC. His background includes structuring and negotiating over 1 GW of renewable energy agreements with various entities including Fortune 100 companies and utilities.

Crowley joins the board with more than 20 years of experience in the utility and power generation industries. He previously held the position of Senior Vice President of Corporate Finance and Development at Exelon (NASDAQ:EXC), a $44 billion market cap utility company with a strong track record of dividend payments for 55 consecutive years, where he led over 50 transactions with a combined equity value of approximately $40 billion. According to InvestingPro data, Exelon maintains a healthy 3.68% dividend yield and trades at a P/E ratio of 16.18.

"From the start, my goal for Fullmark has been driving high-quality projects that boost grid resilience and value for all stakeholders," said Chris McKissack, President and CEO of Fullmark Energy, in the press release. InvestingPro analysis shows Exelon maintains a GOOD financial health score, with notably low price volatility - just one of many insights available in the comprehensive Pro Research Report covering 1,400+ top US stocks.

The company, which rebranded in May 2025, currently manages 300 MWh of operating and in-construction battery energy storage system projects, with a development pipeline of 4 GW across multiple U.S. markets.

Fullmark Energy is backed by InfraRed Capital Partners, an infrastructure asset manager with $13 billion in equity under management, according to the company statement.

In other recent news, Exelon Corporation reported a strong start to 2025, surpassing earnings expectations with an earnings per share (EPS) of $0.92, compared to the forecasted $0.71. The company also reported revenues of $6.71 billion, exceeding the anticipated $6.21 billion. Jefferies has reiterated its Buy rating on Exelon, maintaining a price target of $52.00, citing the utility’s undervalued defensive characteristics and an 11% discount to peers. In leadership changes, Exelon announced two senior appointments aimed at enhancing customer service across its Mid-Atlantic service territories. Jaclyn Cantler has been appointed as senior vice president for Delaware and New Jersey operations, bringing 23 years of experience to the role. Additionally, David Vahos has been named the new President and CEO of PECO, succeeding David Velazquez. Vahos, formerly the senior vice president, chief financial officer, and treasurer of Pepco Holdings, will assume his new role on June 1. These developments highlight Exelon’s strategic focus on leadership and operational excellence.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.