Vice Chairman

Dr. Browne is President and Founder of the The Stanton Group. Stanton was founded in 1986 to develop independent (privately owned) power plants in the USA and to develop energy technologies. After eight years developing biomass, waste to energy, and conventional facilities, culminating in a $250 million gas power plant in Florida that subsequently was purchased by Florida Power, in 1994 Stanton moved its focus to developing energy projects in the Former Soviet Union and Warsaw Pact (Eastern Europe) countries.

Today Stanton's major focus in power plant development is a series of modern facilities using waste gases from steel mills in Eastern Europe as well as modernization of the coal-fired power sector in the region. These facilities provide considerable savings in the use of conventional fuels, significant environmental improvements, and substantial capture and displacement of carbon dioxide emissions. Now Stanton is developing a program to finance and construct similar facilities based upon the large streams of carbon credits created by these new power plants.

Stanton's energy technology manufacturing program has brought a variety of products from leading American energy technology firms to a portfolio of major manufacturing facilities in Ukraine. This outsourcing and licensing program takes advantage of Ukraine's comparative advantages in materials and labor costs and strategic location to serve European, Middle Eastern, and American markets for construction of new and refurbished power plants.

Dr. Browne started his professional career at Data Resources, Inc. (DRI), the premier economic forecasting, modeling, data, software, and consulting firm. At DRI he built and managed the company's entire range of products and services for the energy and industrial clientele, both domestic and international, including the first services designed to enable electric utilities to use economics in their forecasting and regulatory activities; this service began at the time of the first Energy Crisis and grew to include over 90% of all American utilities as customers. These services provided the bulk of DRI's profits which enabled it to go public and then be sold to McGraw Hill.

Dr. Browne was CEO and founder of Dun & Bradstreet Technical Economic Services, a company that built a proprietary database of the top 100,000 manufacturing facilities in the USA, with information for each plant about energy use and costs, production volumes, location, production methodology, employment, and so forth. This database and associated models was used by most American electric and gas utilities, gas pipelines, energy equipment suppliers, and power plant developers to evaluate current and future markets, to identify market leads, and to establish gas trading businesses in the era of new deregulation and cogeneration in the 1980's. The company, which was controlled by Dr. Browne, was sold to D&B.;

Dr. Browne's education includes a Ph.D. MIT in Economics, and a BA from The Johns Hopkins University in Economics.