Leyden Analytics

Our Story

Three experts with different perspectives on the renewable energy industry encountered different challenges that turned out to share the same underlying structural problems.

They spent decades running into the same renewable energy issues from different angles, and they all arrived at the same conclusion:

Promising projects were going bankrupt, investors were sitting on the sidelines, and good assets were being mispriced

Recent changes in the financing and tax credit markets have fundamentally altered how renewable energy projects get funded. The old playbook no longer applies. Investors need clearer signals. Operators need better tools. In this new environment, the projects that thrive will be the ones built on data that investors trust, standards that enable comparison, and clarity that unlocks capital.

In the case of our three experts, they were confronting problems caused by a lack of:

Liquidity

Capital couldn't flow to projects because investors couldn't see the real picture.

Standardization

Every facility, every report, every metric spoke a different language.

Transparency

The people closest to the assets had the least access to actionable data.

So, they built what the industry needed.

Not just a platform, but a Protocol built from the combined expertise of three hyper-specialists who had seen the problem from every angle.

Ray garman

Chief Executive Officer

35 years turning broken systems into working ones. Former Head of Sectors Asia ex-Japan at HSBC Asset Management. Serial inventor whose innovations became industry standards. Founded Combine-X Holdings in 2013, structuring $5 billion in renewable energy deals. At Leyden, Ray saw that better data could finally unlock the capital clean energy projects deserve.

Hugh Stoll

Chief Technology Officer

41 years in electrical design, construction, and asset management. Provided construction oversight for Virginia's largest solar projects. Led design-build for the first variable speed permanent magnet generator at a U.S. hydroelectric facility. Certified Master Electrician. Hugh spent a career watching good projects starve for capital because no one could prove their value.

Rich Robison

Chief Development Officer

25+ years in finance and investment banking at Goldman Sachs, Barclays Capital, and Merrill Lynch. Two decades in Asia across Hong Kong, Singapore, and Taiwan. Rich knows what institutional buyers need, and how rarely they get it in renewable energy markets.

Oz Haque

Chief Financial Officer

Expertise in strategic leadership, capital solutions, and mergers and acquisitions, with 75+ M&A and capital market transactions. Founder and CFO of Mosaic Insurance. Experience in multiple industries, including software and financial services.

Ben Powell

Investor Relations

Founder and CEO of Agora Partnerships and Agora Venture Fund, award-winning organization supporting entrepreneurship across Latin America. Proven track record directing capital to underrealized opportunities, building community, developing leadership, and strengthening ecosystems.

John Paul Ashenfelter

Platform Engineering

25+ yrs tech lead, 15+ companies: data‑rich, UI/UX‑driven B2B products - fintech, capital markets, education, energy. Fmr. Co‑Director, UVA’s Teaching Technology Initiative; Snr. Developer, Capital One; Head of Engineering, General Assembly (NYC), Zappling (utilities) . Built/led tech teams to deliver sophisticated pricing, analytics, market transparency tools