Guiding Principles

  • GSE will seek to create exceptional value and returns for its shareholders.
  • GSE will maintain high standards of ethics at all times, and will insist on the same from its partners and vendors.
  • GSE will look to advance the practice of clean power generation by developing and deploying solutions that continuously improve the efficiency and feasibility of clean power.
  • GSE will apply responsible environmental practices in its endeavors.
  • GSE will look to create positive impacts on the environment, climate, and citizenry in the locales in which it operates.
  • GSE will actively seek to provide opportunities for Veterans in all of its various projects and endeavors.

Our mission is to be a premier provider of clean energy, specializing in community-based generation projects.

We currently own approximately 20MW of operating solar PV facilities with total annual output of more than 30 million kilowatt-hours of electricity. Our project pipeline comprises over 100MW of generation capacity that includes solar PV, biomass, and cogeneration/combined heat and power (“CHP”) power plants. Our strategy is to combine best-of-breed technologies and processes into solutions that can be effectively and responsibly deployed in individual locales. GSE also provides asset management services, which include operations and maintenance as well as administration, monitoring, marketing, and billing services. The Company has offices in New Jersey, Connecticut, Florida, and South Carolina.  Our Management Team, Board of Directors, and Board of Advisors include highly accomplished veterans in the areas of solar PV, energy and utility finance and valuation, and corporate finance.  Green States Energy is indeed built to last.


Wallace M. Giakas, Chief Executive Officer

Mr. Giakas graduated from Kean University in 1980 and has been involved in the securities and banking industry since 1980. He has worked at Muller and Co, E.F. Hutton, and various other firms where he served in a variety of positions that include branch manager, national sales manager, as well as other corporate finance and banking positions. Mr. Giakas is currently a principal and equity owner of Buckman, Buckman and Reid, a FINRA registered Broker Dealer established in 1989. Mr. Giakas also founded and currently is also a principal owner and CEO of Greenstone Holdings, LLC, a private Merchant Bank located in New York. He currently serves on the board of Collabrium Capital, a UK based emerging market and private equity fund. He currently holds Series 7 (General Securities) and Series 24 (General Securities Principal)licenses.

David Yakerson, Chief Information Officer, Corporate Secretary, and Director

Mr. Yakerson has over 25 years identifying and acquiring new technologies and implementing complex technological solutions.  He is experienced in global operations and complex project management.  Mr. Yakerson has consulted on solar and other renewable energy projects for more than 5 years both across the U.S. and globally.  Prior to joining GSE, he was a Senior Member of the Architecture Planning and Integration team with AT&T, and also has senior level experience at United Rentals, a $3 billion public company with 750 locations and Bridgeport Hydraulic, Connecticut’s primary water utility.

Green States Energy recognizes that in order to be a leader in the renewable energy industry takes experience and expertise.

That’s why we’ve assembled some of the very best and brightest – professionals who understand all facets of the energy industry and who have been involved in renewable energy since before it became fashionable. It can surely be said that the efforts of these individuals have helped to create the burgeoning renewable energy industry in the US. They serve to support and assist our Management Team with their keen intellect and vast strategic insights.


Ed Chapman

Ed has over 25 years of experience in evaluating and financing power generation projects in the United States, often creating the business and financial structures necessary to complete the financing. In 2000, Ed co-founded an energy project development company dedicated to environmentally-beneficial gasification technologies. Prior to this, Ed spent 16 years as an investment banker with Goldman Sachs, and earlier, with Salomon Brothers, where he was responsible for all aspects of financing and client development for independent power producers and traditional electric utilities. Ed holds a JD, a MBA, and a BS Degree in electrical engineering.

Kenneth Kramer

Ken is a co-founder and Managing Director of Rushton Atlantic, a leading valuation firm based in New York.  Ken came to the valuation field by way of posts in corporate treasury and banking. He had established lease finance businesses for two large international banks in New York prior to entering the valuation business.  Together with Rushton International, Ken established Rushton Atlantic to continue to build a leading practice in structured finance and insurance valuation, with specific expertise in the energy and renewable energy industry.  Ken has a BS in mechanical engineering from Cornell University and an MBA from Columbia University. He is a member of the Association for Corporate Growth (and Board member of the New York Chapter), and the Turnaround Management Association.

Congressman Nick Lampson

Nick is the former chairman of the House Subcommittee on Energy and the Environment, and was a 4 term Congressional representative from Texas.  He is the founder of the Congressional Missing and Exploited Children’s Caucus, which now numbers more than 120 members.  Congressman Lampson is a spokesman and advocate for renewable energy development, and has been an advisor to a number of cities and for profit and nonprofit organizations.

Jolene Moritz Molitoris

Jolene’s has had a distinguished career in the transportation industry, both in the public and private sector. She was the first woman Administrator of The Federal Railroad Administration, serving for President Clinton’s two terms. During her tenure, the FRA recreated its research program with a priority on “early to market” research efforts. She was President and CEO of GeoFocus, a high tech transit communications company. Jolene returned to Ohio in 2006 to become the Ohio Department of Transportation’s first woman Director in its 105 year history, delivering the largest construction program in Ohio history. Today, Jolene serves as President of US Railcar Company, the only US owned passenger rail car company in the country with DMU( diesel multiple unit) cars that offer the safest, quietest, most efficient and customer friendly vehicles in the marketplace. In 1999, Jolene received two historic awards: Railway Age named her as one of 16 great 20th Century Railroaders; and Ellis Island awarded her its prestigious Medal of Honor for Extraordinary Service to Humanity.

Greg Williams

Prior to retiring as Co-Owner and Vice President of Six Rivers Solar, Inc. (1980-2005), Greg enjoyed over 25 years of successfully building a multi-million dollar business whose sole focus was designing and implementing large and small Alternative Energy Electrical Projects for commercial applications.  As an early pioneer in the PV Solar space, Greg successfully developed a highly successful and progressive multi-functional “design/build” contracting company specializing in energy supply and services. His expertise includes Research, Design, Testing, Sourcing, Procurement, and Construction.

At Green States Energy, our Board of Directors is keenly aware of what it takes to identify, develop, build, and operate clean energy infrastructure successfully.

Our Board members utilize their extensive experience and strategic relationships with vendors and strategic partners to achieve our goals.  Our Board members are also active in their communities and known for their support of various charitable endeavors.


Robert Baron, Chairman of the Board

Mr. Baron joined the GSE Board in November 2012. He is a director of Opko Health (NYSE: OPK) where he serves as chairman of the Governance and Nominating committee and as a member of the Audit committee and the Compensation committee. Prior public boards include Andover Medical (OTC: ADOV), Hemobiotech (OTC: HMBT) and Suburban Bancorp. Suburban Bancorp was sold to Fifth Third Bank (NASDAQ: FITB). Mr. Baron was owner and president of Cash City Inc. a payday loan and check cashing business from 1999 to 2003. From 1997 to 1999, he was the president of East Coast operations of CSS/TSC a distributor of blank tee shirts, fleece and accessories, a subsidiary of Tultex Corp. From 1985 to 1997 he was president/owner of T-Shirt City, which was sold to Tultex Corp.

Ernest Chu, Director

More than 40 years of diverse financial experience including CFO of 5 publicly held companies in the technology and energy fields, a senior partner of a New York based venture development firm, and an investment banker and partner of two New York based investment banks. He has raised more than $150 million in early stage equity financing for his companies, and has added more than $1 billion in market capitalization to his companies. He has contributed to three business anthologies on business and finance, and is the author of a best-selling book, Soul Currency.

Wallace M. Giakas, CEO and Director

Mr. Giakas graduated from Kean University in 1980 and has been involved in the securities and banking industry since 1980. He has worked at Muller and Co, E.F. Hutton, and various other firms where he served in a variety of positions that include branch manager, national sales manager, as well as other corporate finance and banking positions. Mr. Giakas is currently a principal and equity owner of Buckman, Buckman and Reid, a FINRA registered Broker Dealer established in 1989. Mr. Giakas also founded and currently is also a principal owner and CEO of Greenstone Holdings, LLC, a private Merchant Bank located in New York. He currently serves on the board of Collabrium Capital, a UK based emerging market and private equity fund. He currently holds Series 7 (General Securities) and Series 24 (General Securities Principal)licenses.

David Yakerson, Chief Information Officer, Corporate Secretary, and Director

Mr. Yakerson has over 25 years identifying and acquiring new technologies and implementing complex technological solutions.  He is experienced in global operations and complex project management.  Mr. Yakerson has consulted on solar and other renewable energy projects for more than 5 years both across the U.S. and globally.  Prior to joining GSE, he was a Senior Member of the Architecture Planning and Integration team with AT&T, and also has senior level experience at United Rentals, a $3 billion public company with 750 locations and Bridgeport Hydraulic, Connecticut’s primary water utility.