US: Alternative cement developer Fortera has appointed Albert Luu as chief financial officer (CFO) and transitioned outgoing CFO Scott Healy into the newly created role of chief origination officer. The company expects the appointments to support its move from technology demonstration to commercial-scale deployment.
Scott Healy brings four decades’ senior leadership experience across various sectors. He joined Fortera in December 2022 from recycling companies Brightmark, where he served as CFO and senior vice president, and RES Polyflow, where he served as a director. Healy previously served as senior vice president of multiple companies in the renewable energy sector, including NRG Energy, Element Power and Orion Energy Group. He holds a bachelor’s degree in Accounting and Finance from the University of California, Berkeley and a Master of Business Administration degree (MBA) from the University of Santa Clara, both in the US.
Albert Luu joins Fortera from direct air capture (DAC) company Heirloom, where was head of finance. He has two decades’ senior leadership experience, includes CFO experience from prior such roles at renewables and batteries companies Complete Solaria and Swell Energy. Before that, Luu was principal at various fintech businesses, including Lightspeed Capital, Tesla and Caelus Group. He has raised US$10bn in capital throughout his career to-date. Luu holds bachelor’s degrees in Political Science and Business Administration from the University of California, Berkeley.
Fortera CEO Ryan Gilliam said "Albert has navigated exactly this kind of inflection point before in industries where the path from demonstrated technology to commercial platform required an evolving strategy that attracts the necessary capital for each stage of deployment. His track record is precisely what this next chapter calls for."
Fortera operates a 15,000t/yr ReCarb CO2-sequestering alternative cement plant at Taiheiyo Cement subsidiary CalPortland’s Redding cement plant in California, US. It is developing a 0.3Mt/yr commercial plant.
