Alumnus Ben Abram Didn鈥檛 Set Out to Make a Difference in Clean Energy

Ben Abram portrait

This story is part of the Climate Research Series

The now CEO of Modern Energy, a diversified energy company that invests in renewable energy businesses with the goal of 鈥渉elping the world reach a net-zero carbon economy,鈥 studied public policy and civil and environmental engineering when he was at Duke.

But with a tendency toward insatiable curiosity and problem-solving, it鈥檚 easy to see how clean energy became the focus of Abram鈥檚 career trajectory.  

鈥淭he energy transition is one of the most pressing issues of our time,鈥 he says. 鈥淚t鈥檚 a great feeling to work in partnership with my team and other professionals to wrestle with this complex, important issue and come up with unique and effective business models that can contribute to the energy transition.鈥

Modern Energy, headquartered in Durham, N.C., works with entrepreneurs in the clean energy space to launch, scale, and operate emerging platforms focused on renewable energies. The firm also has offices in Austin, Texas, and Sao Paulo, Brazil.鈥

The company identifies businesses and business opportunities with the potential for high impact on the energy transition if only they had the financial backing. They provide starting capital, scale the business models and then expand the core product lines with the ultimate goal of speeding up the energy transition.

Think of fueling the energy demand of Brazil鈥檚 leading supermarkets and drugstores with new solar installations, massive industrial-scale solar farms in Texas, and electric vehicle charging stations for national beverage distribution in the U.S. 

鈥淲e鈥檙e not a search firm, we鈥檙e not a venture capital firm, we鈥檙e not a bank, we鈥檙e not a growth equity investor,鈥 says Abram, 鈥淲e鈥檙e an energy company that can play any of those roles as needed to further the energy transition.鈥

To make a meaningful impact on climate change, more capital must be invested into the renewable energy industry each year, Abram says. Modern Energy鈥檚 goal is to do its part by reducing the barriers to scaling profitable businesses and 鈥渂ringing more and more investable clean energy assets to market鈥 so that collectively, the world鈥檚 carbon footprint becomes smaller. 鈥淲e look for incredibly talented entrepreneurs who have identified a niche where clean energy should exist but doesn鈥檛, and partner with them so that they can operate like a three-year-old after only three months of working with us.  We provide Capital, certain back-end Capabilities and our values-forward Culture to make that happen.鈥

Prior to co-founding Modern Energy, Abram, a Chapel Hill native, built out American Efficient, a company that partners with retailers, developers, electric utilities, grid operators and more to develop renewable energy portfolios. He incubated American Efficient in 2013, and today, the company is one of Modern Energy鈥檚 subsidiaries. 

Making a big impact on climate change will take time, but Modern Energy says its net carbon zero goal by 2050 isn鈥檛 unrealistic as more and more energy businesses are scaled for the good of the Earth. 

鈥淭his sector is filled with innovative and forward-thinking individuals who are all working together towards a common goal of a sustainable future鈥攁nd I believe we can do it,鈥 Abram says.

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