Right Tools
Right Analytics
Right Expertise
With over 90 years of experience in energy trading and risk management.
POWERING SMARTER ENERGY DECISIONS
Clone Capital is a specialized commercial advisory firm founded by seasoned energy professionals to serve the evolving needs of the energy industry. We partner with power generation owners, data center developers, and large energy users unlock additional value, mitigate market risks, and accelerate the achievement of their strategic energy objectives.
With decades of hands-on experience across U.S. energy markets, we've developed a Commercial Platform as a Service that delivers tailored solutions – whether you're monetizing power assets, securing long-term fuel supply, or designing an optimized energy plan for hyperscale infrastructure.
VALUE WE DELIVER
We deliver more than just advice –
we deliver measurable value.
Higher Asset Returns
> Optimized commercial strategies ensure your power assets and energy contracts generate maximum revenue and long-term value.
> Tailored risk management protects your bottom line from market volatility and regulatory changes.
Faster, Smarter
Decision-Making
> Actionable market intelligence and real-time analytics empower you to act with confidence, even in rapidly changing markets.
> Custom modeling and scenario analysis help you make informed choices about investments, procurement, and operations.
Reduced Costs &
Increased Efficiency
> Strategic procurement and contract structuring lower your energy and fuel costs.
> Operational insights streamline processes, reduce waste, and improve portfolio performance.
Future-Proofed Energy Strategies
> Innovative solutions anticipate market shifts and regulatory changes, keeping you ahead of the curve.
> Sustainable growth planning aligns your energy strategy with ESG goals and evolving industry standards.
Aligned, Independent Partnership
> Unbiased, client-first advisory means your interests are our top priority.
> Flexible engagement models adapt to your needs, whether you require end-to-end support or targeted expertise.
WHAT WE DO
Power Generation Optimization
We work directly with asset owners to extract full value from their thermal and renewable portfolios.
> Precision hedging strategies tailored to each asset’s risk profile
> Origination and structuring of PPAs, tolls, HRCOs, fuel supply contracts, and more
> DART and nodal risk management for operating renewable projects
> Ongoing hedge portfolio monitoring and commercial risk management
> Market intelligence that enables operators to
navigate volatility with confidence
Data Center Energy Services
We guide developers and operators through complex energy decisions with data-backed strategies.
> Custom PPA structures that balance cost, flexibility, and reliability
> Site selection with wholesale market and fuel access analysis
> Energy procurement optimization and contract structuring
> Natural gas pipeline negotiations and competitive pricing strategies
> Congestion mitigation and grid positioning to maximize uptime and economics
Fuel Supply Management
We empower C&I users and generators with dependable and cost-efficient fuel solutions.
> Sourcing and transportation of natural gas and other fuels
> Strategic structuring of fuel contracts with risk mitigation baked in
> Ongoing support to predict, manage, and optimize fuel costs
M&A Due Diligence
Our commercial due diligence gives investors the clarity they need to act with confidence.
> In-depth valuation of power assets and portfolios
> Quantified risk-reward analysis aligned with market trends
> Insight into unlockable value drivers and contract optimization
> Strategic support across market modeling, pricing, and risk hedging
WHO WE SERVE
Power Plant Owners & Operators
Power Plant Owners & Operators
Maximize portfolio value, reduce volatility, and streamline contracts.
Data Center Developers
Build energy-secure campuses with long-term power and fuel strategies.
C&I Energy Buyers
Procure energy with confidence – strategically, efficiently, and with clarity.
CLIENTS
TEAM
Anand Balakrishnan
With 25 years of commodities experience, Mr. Balakrishnan has spent his career trading gas, power and crude oil swaps and options, pricing and managing complex power and gas, and gas structured transactions. Prior to founding Clone Capital, he co-founded three trading teams involved in FTRs, options, structured power products, gas transportation and storage.
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Derrick Payne
Mr. Payne is a veteran energy commodities professional with 25 years of experience in wholesale energy markets, holding leadership positions at Deutsche Bank, Fortis, Anadarko and Occidental. He has extensive experience managing, quantifying, valuing exposure from power generation facilities, natural gas and crude storage, transport and equity production portfolios.
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Dean Akey
Over his 35 years of experience in the power industry, Mr. Akey has held numerous executive-level roles in power marketing/origination, business development, mergers & acquisitions, trading, risk management and operations for investor-owned utilities, IPPs, power marketing companies and original equipment manufacturers, including Tyr Energy, Nordex, Aquila, Illinova and Illinois Power.
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Karen Arokiasamy
With 20+ years of project management, technical writing, professional peer group facilitation, marketing and client relations under her belt, Ms. Arokiasamy has a well stocked toolbox as Clone's Director of Business Development. She consistently refines and shares Clone's story, acting as our resident wordsmith, social media expert, marketing maven and client relationship manager.
