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Braemar Energy Ventures' Dennis Costello Named to Advisory Council of the University of Rhode Island's Graduate School of Oceanography

"In becoming involved with URI's Graduate School of Oceanography, Braemar seeks to gain a deeper understanding of the scientific interdependency of the world's energy sources, oceans and climate change," said Dennis Costello, managing partner, Braemar Energy Ventures. "In turn, Braemar offers academics a look into the business world and how technology is brought to market for widespread commercialization. The Advisory Council represents the interface of the two worlds of science and business."

Braemar Energy Ventures invests in a wide variety of energy-technology companies, including companies that address carbon sequestration, replacement or reduction. The University of Rhode Island's Graduate School of Oceanography is dedicated to extending our understanding of the ocean and its impacts on the world in which we live through rigorous scientific research and leading-edge technologies of exploration. As understanding of the world's oceans develops, it leads to improvements in many areas including climate prediction, weather forecasting, environmental protection, fisheries, waste disposal, and the recovery of oil and minerals.

"The world of research and education in ocean science and technology is increasingly complex and rapidly changing," said David Farmer, Dean of the Graduate School of Oceanography. "At the same time the sources and methods of funding research and education have also been changing rapidly. It is because of this dynamic environment that the GSO Advisory Council was created - to provide broad and strategic advice and counsel on the research, education, technology, outreach, and funding required to enhance GSO's participation in addressing these complex issues. We are delighted to have an individual of Dennis Costello's caliber join the group."

The Advisory Council was established to join men and women of diverse backgrounds not directly associated with the University. New members must be nominated by a current member and approved by the School's dean.

About Braemar Energy Ventures

Braemar Energy Ventures is a venture capital fund making early- to mid-stage investments in the energy technology sector. The firm's principals have invested in more than 50 companies in the sector and have significant technical, operational and financial experience in energy and energy-related industries. Through offices in New York and Boston, the firm targets a wide range of energy technologies that impact stationary power, transportation and portable energy applications. Additional information is available at www.braemarenergy.com

About The URI Graduate School of Oceanography

The URI Graduate School of Oceanography is one of the country's largest marine science education programs and one of the world's foremost marine research institutions. Founded in 1961, GSO serves a community of scientists who are researching the causes of and solutions to such problems as hurricane prediction, harmful algal blooms, global warming, air and water pollution, oil spills, over-fishing, and coastal erosion. Each year GSO receives nearly $25 million from federal, state, and private sources to conduct approximately 200 research projects and a variety of educational programs for grades K-12 and for the public. Additional information is available at www.gso.uri.edu

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