Chairman and Co-founder at FATE Consortium
About Wael Almazeedi
Wael Almazeedi is the Chairman and Cofounder of FATE (Free Access
to Energy) Consortium. He created the FATE Consortium in 2012 with the
goal of creating collaborative solutions to meet global energy needs.
Currently, FATE Consortium is focusing on collaborative solutions to
generate hybrid electricity and space solar power.
Wael Almazeedi has more than 28 years of experience in the oil, gas, and electricity domains. Most recently, he was the Founder and Managing Partner of two funds at the BTU Power Company in Waltham, Massachusetts. He used these funds to bolster the development of independent power projects worldwide. These funds provided $400 million to power projects in Asia, the Middle East, and North Africa.
Due to his extensive knowledge and background, Wael Almazeedi has been invited to speak at a number of industry and academic conferences. Most recently, Almazeedi presented at the Massachusetts Institute of Technology’s annual energy conference. As part of the conference’s segment on Big Energy projects, Almazeedi spoke about large, cross-border energy projects that connect North Africa and Southern Europe. He was also a keynote speaker at the Africa Power Forum in 2010, where he presented a paper titled “North Africa’s Role in the New Industrial Revolution.” In 2009, he delivered a keynote address at Space Canada’s International Symposium on Solar Energy from Space. Almazeedi also delivered a speech at the third U.S.-Arab Economic Forum that discussed pathways to building an energy alliance between the United States and MENA – the Middle East and Northern Africa.
Wael Almazeedi was awarded the New England region Ernst and Young Entrepreneur of the Year award in 2006 for his work on energy. More specifically, the award highlighted Almazeedi’s successful entrepreneurial work at the BTU Power Company. Mr. Almazeedi has a Master’s degree in Public Administration from the Kennedy School of Government at Harvard University.