Portable Electric Attracts Seasoned Clean Energy Growth CEO, Keith Marett, as Market Adoption of The Company’s Products Accelerates

VANCOUVER, BC, May 1, 2023 – Portable Electric Ltd. is pleased to announce the appointment of Keith Marett as the company’s new Chief Executive Officer, effective May 1, 2023.

Keith Marett joins Portable Electric from his most recent role as President of Clean Energy Services at Generac Power Systems (NYSE: GNRC). Prior to Generac, Mr. Marett was CEO of Neurio Technology, which grew from the pre-revenue stage to having over 200,000 energy management systems deployed globally, until it was acquired by Generac in 2019. Since the acquisition by Generac, and subsequent appointment as divisional President within Generac, Mr. Marett helped bring to market Generac’s first residential solar plus storage offering, while scaling the team and delivering rapid revenue growth over four years. Before Neurio, Mr. Marett was Executive Vice President of Marketing and Strategy with Avigilon, a Vancouver-based technology company, which was acquired by Motorola (NYSE: MSI) for US$1B. Mr. Marett’s significant background in clean energy software and hardware applications will help accelerate Portable Electric’s strategy of integrating software and hardware solutions into its product offerings to add tremendous value to its customers, providing a fully connected job site setting, in markets such as film, construction and logistics.

“I am delighted to join the team at Portable Electric at this exciting inflection point in the company’s history. I have followed Portable Electric, and the broader macro energy transition markets, over the last few years and I am encouraged to see how my past experiences align with Portable Electric’s as the leader in this fast and growing space,” said Keith Marett, newly appointed CEO of Portable Electric, “electrification and the clean energy transition markets are global mega-trends and the company is seeing huge demand for its products from large enterprise companies such as Volvo and Netflix, as they aggressively electrify their product portfolios.”

“As we continue to record year-over-year revenue growth milestones, the timing is perfect to bring on someone like Mr. Marett, who has an established track record of growing and building successful world-class companies. In one of his most recent roles, Mr. Marett lead the successful exit of Neurio Technology to Generac and helped establish Generac as a leading provider of energy storage systems. Mr. Marett has successfully scaled multiple companies, both as management and a board member, while supporting capital raise efforts in excess of $200M,” noted Rick Fitzgerald, Chairman of the Board for Portable Electric. “With this transition, we’d like to thank Scott Hardy for his tireless effort during his time with Portable Electric, bringing stability and professionalism to the team at PE.”

“I am pleased with the success we built over the last 18 months at Portable Electric. The goal when I joined the company was to professionalize the organization, grow our customer base and set the company on a strong foundation for the hyper-growth we are seeing in the markets today,” quoted Scott Hardy, “I am pleased with our progress, and welcome Keith to the company to continue with Portable Electric’s exciting journey.”

Portable Electric Media Contact:
Meryl D’Souza