WAYNE PENELLO is the president and founder of Risked Revenue Energy Associates (R^2 or “R squared”). Since 2001, the firm has been developing financial solutions for corporations and private equity firms that wish to enter, optimize, or exit the energy-trading/marketing arena. R^2 currently assists clients with the management of more than $65 billion in assets. In 2010, Mr. Penello was awarded a patent for R^2’s methodology for quantifying risk (US Patent 7,822,670 B2). He has forty years of market-making, option-trading, and asset-management experience in the energy industry. Mr. Penello began his career on the New York Mercantile Exchange, where he was a market maker and served as ring chairman of options trading.
Subsequently, he held positions managing globally distributed energy assets for Vitol S.A., Vitol U.S.A., Tenneco Gas Marketing, and Torch Energy. Mr. Penello was formerly a research scientist. He holds a master’s degree in marine sciences from Stony Brook University and an undergraduate degree in marine biology from Southampton College.
