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Shelton was previously a senior analyst at Millennium Management.
Altus Power has committed to invest up to $5 million in Heliene.
The companies will develop renewable energy supply and onsite energy services for customers.
The Altus Power portfolio now includes more than 350 MW of U.S.-based solar energy projects.
The clean energy company will occupy 33,000 square feet in its new location.
Altus Power expects to end 2021 with 400 MW solar asset portfolio.