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Message: The father-and-son team of Selim and Michael Zilkha - wow

The father-and-son team of Selim and Michael Zilkha - wow

posted on May 15, 2008 11:26AM

''Visionary Energy

The father-and-son team of Selim and Michael Zilkha has pioneered new technologies in the energy industry, earning them a reputation as “technology wildcatters.” Because Zilkha Energy Company used computer modeling to drill for oil in the Gulf of Mexico, locating even the smallest reserves with pinpoint accuracy, the Zilkhas successfully reopened U.S. oil fields thought too prohibitive to drill economically.

After selling their oil and gas company to Sonat for a billion dollars in 1998, the Zilkhas decided renewable energy was the most important segment of the energy industry in which to invest both money and enthusiasm. They turned a small wind energy company into one of the most respected in the wind industry by building elegant and community-integrated wind farms throughout the country. The subsequent sale of Zilkha Renewable Energy to Goldman Sachs marked a turning point for the wind industry—and the renewable energy industry as a whole—because securing the interest of the world’s top investment banking firm signals an important move away from petroleum-based energy to renewables. And the purchase sends a message about energy prices: not only are renewables price-competitive, they are essential for our future.''

http://www.zilkha.com/ourowners.html

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