Sunday Nov 27, 2022

10 Things You Didn’t Know about Hayes Barnard – Moneyinc

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Hayden D. Barnard, commonly known as Hayes Barnard, is the chairman/CEO/Co-founder of Goodleap and GivePower. His passion for clean energy propelled his thoughts about starting solar-powered projects. He’s also a family man with three kids, and they live in Austin, Texas. If his name still doesn’t sound familiar, these interesting facts about him will help you know him better.

1. He is the CEO of GoodLeap and GivePower

GivePower is Barnard’s initiative that he founded in 2014. His company relies on clean energy technologies to provide clean energy and water to the developing world. His mission is to influence solar-powered applications to improve users’ lives through seven sectors: health, water, food security, education, economic development, conservation, and telecommunications. In so doing, he believes a community with power is equivalent to life improvement.

2. He once worked for SolarCity as a Chief Revenue Officer

In 2013, he sold his company to SolarCity, after which he got employed as a Chief Revenue Officer by the same company. He had always wanted to make solar power accessible to all, so he came up with GivePower, another nonprofit solar affiliate, a few months later. Eventually, Tesla (founded by Elon Musk) merged with it in 2016, so he had no choice but to spin off the nonprofit before. He continues running the organization to date.

3. He went to the University of Missouri

Barnard was born to a single mother in Creve Coeur, Missouri. Growing up, he experienced the harmful effects of unclean energy. Frequent power outages and surges were also part of these concerns. It occurred to him that he would develop a value-addition and sustainable idea one day. So, while pursuing a degree in management and marketing, he stumbled upon various articles suggesting that solar power is the way to go. That’s how he settled on starting a company dealing with energy from sunlight.

4. Before SolarCity, he was the CEO of Loanpal

According to CNBC, Loanpal is a financial technology platform providing loans and financing for clean energy products. In an interview with CNBC, Barnard affirmed that his company raised $800 million to expand the number of homeowners who can access financing. Another primary goal the company focused on was to lower default rates to make investors happy. Barnard took the CEO position in Loanpal, which later changed to GoodLeap in 2021.

5. He affirmed that his company was responsible for 50% of solar power

According to Business Insider, Barnard affirmed that his company would provide 50% of all solar-powered products in North Dakota. He was targeting the Sioux Nation community center and a veterans center. Additionhnally, he’s built a solar-powered system in Kenya for fresh drinking water. According to Wikipedia, Barnard built a desalination plant powered by solar to produce more than 20,000 gallons of fresh drinking water in Kiunga, Kenya. The project’s groundbreaking ceremony was in 2018, marking the beginning of opportunities for the developing country. GoodLeap is also responsible for developing the first solar farm in North Dakota. The solar farm receives 300-kW worth of solar.

6. Barnard also owns an asset management fund company called GoodFinch

Barnard is also the co-founder and CEO of GoodFinch, an asset management fund company. The firm looks to invest put-together funds from clients, after which it puts the capital into different investments like real estate, master limited partnerships, stocks, and bonds. As is expected, the company aims to deliver high-performing assets to clients at scale to help them realize their purpose.

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Source: https://moneyinc.com/hayes-barnard/

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