NEW YORK, March 6, 2024 /PRNewswire/ — Today, YPO, the global leadership community of more than 35,000 chief executives in 150 countries, announced that Gene Gebolys, Founder and CEO of World Energy, is the recipient of the organization’s 2024 Global Impact Award. World Energy is a low-carbon solutions provider helping the world’s leading companies make their net-zero commitments a reality by accelerating the commercialization of alternatives to fossil-based motor fuels.
The YPO Global Impact Award is YPO’s highest honor to members that recognizes their impact outside of YPO, celebrating CEO impact that is both sustainable and scalable.
“Gene and World Energy are boldly tackling sustainable aviation fuel, a critical step in decarbonizing our world,” says Thayer Smith, CEO of YPO. “His groundbreaking work at World Energy is fueling global change and stands as a beacon of inspiration for our YPO community.”
A leader in renewable fuels and emerging sustainability technologies for the past 25 years, World Energy is the world’s first commercial-scale producer of sustainable aviation fuel (SAF). SAF is a replacement for fossil jet fuel comprised of renewable resources such as used cooking oil, waste animal fat and agricultural waste.
Gebolys has also positioned World Energy as an early mover in the high-integrity market for decarbonization as a service with sustainable aviation fuel certificates (SAFc) or “insets.” This enables companies from any economic sector to purchase the carbon savings SAF delivers by the metric ton, covering the cost premium of SAF production while getting more of it added to the supply chain.
In addition, World Energy is building the facilities to dramatically increase SAF production, including a USD3 billion project to convert a legacy petroleum refinery in Los Angeles into a 100% renewable production facility. The Los Angeles location serves as a model for World Energy’s Houston facility conversion. Once complete, both will allow World Energy to produce a combined 500 million gallons of SAF annually by 2027. In total, World Energy is investing USD15 billion across North America to help leaders accelerate their efforts to make net-zero real.
To date, World Energy’s efforts have eliminated metric 250,000 tons of aviation emissions and counting. In November 2023, they partnered with Gulfstream Aerospace Corp. on the world’s first 100% net-zero transatlantic flight fueled solely on SAF from Savannah, Georgia, USA, to London, England.
Of this YPO recognition, Gebolys says, “Life is a team sport. Nobody makes a global impact alone. I am incredibly honored to accept this award on behalf of all whose bold actions are pushing the boundaries of what’s possible toward a more sustainable future. To my partners, our teammates, suppliers, customers, host communities, government supporters and joint venturers, I offer my deepest thanks. I’m blessed and grateful for the unwavering support of my forums, friends and family, and I share this recognition fully with my wife, without whom nothing I’ve ever accomplished would have been possible.”
Gebolys was selected from honorees representing YPO’s super regions around the world, including:
- Nicolette Maury, CEO of Avani Solutions, a climate technology company delivering ESG technology to the real estate industry. The Avani platform has saved clients 35,000 tons of CO2 emissions in the last five years and aims to eliminate wasted resources in the global built environment through raising the performance of building portfolios.
- Carissa Reiniger, Founder and CEO of Silver Lining, a company on a mission to change the economy one small business at a time. The Silver Lining Action Plan (SLAP™) is a SaaS solution based on behavior change science that helps small business owners set and hit their growth goals and access capital, leading to their business success.
About YPO:
YPO is the global leadership community of more than 35,000 chief executives in 150 countries who are connected by the shared belief that the world needs better leaders and that business can be a driving force for good. Each of our members has achieved significant leadership success at a young age. They lead businesses and organizations that collectively employ more than 22 million people around the globe and generate over USD9 trillion in combined revenue. YPO members come together to learn and exchange ideas to make a difference in the lives, businesses and communities they impact. Visit ypo.org for more.
SOURCE YPO
