Nivalis Energy Systems Electric Transportation Refrigeration Units (TRU)



Established in 2020 under the leadership of Townsend Capital, Nivalis Energy Systems was founded with the objective of integrating established tier 1 automotive components into heavy-duty battery systems to ensure resilient operations using proven products. Leveraging its 15+ years of experience in commercial vehicle electrification systems and the profound automotive and extensive lithium-ion battery expertise of our dedicated team, our mission is centered on innovation and the deployment of a scalable, environmentally sustainable, economically viable, and automotive-grade solution geared towards achieving 100% electrified cold logistics.

Dennis Townsend

Chairman & CEO

  • 45+ years of private equity investments 
  • 16+ years of battery investments  
  • $1.1B+ battery investments owned and managed
  • Founder of Dow/Kokam and XALT Energy
  • Led cell and pack development teams creating best in class LTO cell, ultra high energy cell for Formula e, and battery pack system for North American bus companies

David Townsend

Chief Operating Officer

  • 15+ years in lithium battery investments 
  • 15+ years in energy related startups
  • Experience in start-ups, capital raises, incentives, financing, and M&A

Daniel Emswiler

Chief Financial Officer

  • 23+ years of public & private accounting 
  • 16+ years of clean energy start-up accounting
  • Experience in due diligence and compliance from starting a new business to exit scenarios

Sam Plunkett

Chief Scientist

  • 8+ years advanced energy storage R&D
  • Former R&D Director at Beam Global & All Cell Technologies
  • PhD lithium battery electrochemistry & material science at Argonne Nation Lab/UIC
  • 10+ peer-review article and 5+ patent & patent applications

Justin Lesniak

Director of Engineering

  • 12+ years product development engineering in energy storage & powertrain at Automotive OEMs
  • Former Ford and Stellantis Engineering Manager 
  • University of Michigan – Masters of Energy Systems Engineering, Kettering University – Bachelors of Mechanical Engineering

Larissa Petroff

Senior Manager of Supply Chain & Operations

  • 10+ years global sourcing & supply management in automotive & technology industries
  • 2+ years at Apple, Inc. and 8+ years at Stellantis
  • University of Michigan – Masters of Supply Chain Management, Central Michigan University – Bachelors of Marketing & Logistics Management

James Dutz PMP

Director of Business Development

  • 27+ years program & project management consulting at Ford, GM, & Tier 1 engineering suppliers
  • 14+ years powertrain in UK & Germany
  • Former Director of Program Management at Beam Global
  • Bachelors Degree in Finance and Business Management at Michigan State University
Townsend Capital
Portfolio Company

Townsend Capital, LLC was founded in 1975 by Dennis Townsend.  Dennis was one of the original pioneers in limited partnership syndications, specializing in the structuring and placement of tax advantaged investments in real estate and oil and natural gas exploration.  For nearly 30 years, the primary focus of the company was commercial real estate acquisition and development.

In 2008, the company transitioned into a more diverse private equity firm focusing on investments in the emerging energy sector. Towsend’s initial investment was a majority ownership interest in Kokam Co., Ltd, a Korean lithium battery manufacturer, followed by the creation of XALT Energy, a joint venture between Townsend and The Dow Chemical Company.  Under Townsend’s leadership, XALT was at the forefront of the electrification of heavy-duty commercial transportation including buses and ships.

Townsend Capital has a proven track record of creating success throughout its 45+ year history across a broad range of industries.  The executives of Townsend Capital maintain an active role in all investments.  With its financial strength and immediate decision making, Townsend Capital is able to execute transactions with speed and certainty.