Tuck Alumnus Endows New Energy Professorship, Initiative
A Tuck School of Business alumnus and energy industry executive has endowed a new professorship and energy initiative devoted to helping Tuck students explore the business of finding, delivering and selling energy, the school announced this week.
Daniel Revers, co-founder of energy investment firm ArcLight Capital Partners, has worked in the energy industry since graduating from Tuck in 1989. He began on the industry side, working for Wheelabrator Technologies, and then moved to John Hancock to work on the investment side. In 2001, he founded ArcLight in Boston with Robb E. Turner, and since then they have opened offices in New York, Barcelona and Luxembourg and grown to manage more than $10 billion in five funds.
His gift to Tuck will endow the Revers Professorship of Business Administration and the Revers Energy Initiative Fund. Tuck Senior Associate Dean Robert Hansen has begun the search for a faculty member to fill the professorship position and envisions an energy economist who will teach an overview course and a specialized elective and create student-focused activities such as workshops, conferences and networking opportunities. Tuck expects the search for a professor to take at least a year, but the Energy Initiative will get underway in the meantime, offering programming starting this fall.
“There is really nothing out there like this,” says Revers. “And if there’s any place that can take on something like this and produce something of value, it’s Tuck. The scale of the school is right to create customized programs and build the effort incrementally.”
Revers, who has also served as a Tuck overseer and funded the Revers Board Fellows Program and a faculty fellow, was motivated by two main factors in making this most recent gift to Tuck. The first was the collaborative spirit of Tuck’s new Master of Health Care Delivery Science program. “The MHCDS program is proof that the deans are willing to push the envelope to keep Tuck on top today and to make sure Tuck is on top five to 10 years down the road as well,” he said. “I think it’s also a good example of how the different schools at the college can work together,” he added, noting that similar collaboration between Tuck and Thayer and the Dartmouth Energy Collaborative would make an energy initiative even better.
The surprising lack of MBA talent in the energy industry was a second motivating factor for Revers. “The big companies in energy do not have the talent to assess and take advantage of this new market paradigm,” Revers said, referring to de-regulation of the industry that has led to more complex, global, sophisticated markets. “MBAs with a general management education can apply their skills to unlocking the value in today’s volatile energy market,” he said.