James Hughes Biography and Net Worth

Mr. Hughes has served on our board of directors since October 2015. He is the Managing Partner of EnCap Investments focusing on investments in the energy transition. EnCap is a venture capital investment manager based in Houston, Texas. Mr. Hughes was previously the CEO and Managing Director of Prisma Energy, LLC, a private entity focused on investments in energy storage which was acquired by EnCap in 2019. He previously served as the Chief Executive Officer of First Solar, Inc., from May 2012 to June 2016 and served as a member of First Solar, Inc.’s board of directors from May 2012 until September 2016. Prior to serving as the Chief Executive Officer of First Solar, Inc., he served as the company’s Chief Commercial Officer from March 2012 to May 2012. Prior to joining First Solar, Inc., Mr. Hughes served as Chief Executive Officer and Director of AEI Services, LLC from October 2007 until April 2011. From 2004 to 2007, he engaged in principal investing with a privately held company based in Houston, Texas. Prior to that, he served as President and Chief Operating Officer of Prisma Energy International from 2002 to 2004. Mr. Hughes currently serves as a corporate director of Alcoa Corporation, Eos Energy Storage, and PNM Resources. He is the former chairman and serves as a director of the Los Angeles Branch of the Federal Reserve Bank of San Francisco. Mr. Hughes holds a J.D. from the University of Texas at Austin School of Law, a Certificate of Completion in international business law from Queen Mary’s College, University of London and a Bachelor’s degree in Business Administration from Southern Methodist University.