Paul T. Hanrahan joined Excelerate's board of directors in April 2022. Mr. Hanrahan serves as the Chairman of Cubico Sustainable Investments, a privately-owned world leader in providing renewable energy. Mr. Hanrahan previously served as Interim Chief Executive Officer and a director of Hygo Energy Transitions Ltd., a company that developed and operated integrated LNG-to-Power facilities globally, from October 2020 until its acquisition by New Fortress Energy in April 2021. Mr. Hanrahan served as the Chief Executive Officer of Globeleq Advisors Limited, an independent power producer operating and developing power projects in Africa, from September 2017 to December 2019. Mr. Hanrahan has served on Globeleq's board of directors since January 2020. Previously, Mr. Hanrahan served as the Chief Executive Officer of American Capital Energy & Infrastructure Management, LLC, an investment company formed to raise, invest and manage funds in the energy and infrastructure industries, from September 2012 until its acquisition by Ares Capital Corporation in December 2016. Mr. Hanrahan served as the President and Chief Executive Officer and as a director of The AES Corporation, an independent power producer, from June 2002 to September 2011. Mr. Hanrahan served as a director of Ingredion Inc. from March 2006 to October 2023. Mr. Hanrahan served as a director of BMR Energy, owned by Virgin, until BMR Energy was sold in December 2024, and Mr. Hanrahan serves as a board member for the Infrastructure Acceleration Fund (Africa 50). Mr. Hanrahan earned a bachelor's degree in mechanical engineering from the U.S. Naval Academy and a master's degree in business administration from Harvard Business School.