Jay Surina joined Pelican in 2022. Prior to joining Pelican, Jay worked for over two decades in the management of mostly private equity backed/venture capital backed energy businesses at the executive level including CEO of Northwest Medical Isotopes, CFO of NuScale Power, VP of Corporate Finance at Boart Longyear, VP of Finance at Texas Genco, VP of Finance/M&A at Centrica North America/Direct Energy and VP of Finance at Sithe Energies. Prior to his corporate roles Jay, along with two partners, started up and ran an energy focused consulting firm, CornerStone Energy Advisors, assisting clients in the purchase of deregulating generating assets on the buy side and, as well, consulted with Coopers & Lybrand Consulting with a similar focus. Prior to graduating from business school, Jay was a nuclear trained submarine officer in the US Navy.
While CFO at NuScale Power from 2009 to early 2021, Jay raised over $1 B in equity and US DOE funding allowing NuScale to grow from a pure startup with 20 employees to the leading Small Modular Reactor (SMR) technology with over 400 employees and leading to NuScale becoming a public company in May, 2022. While at Boart Longyear, Jay completed the purchase of six acquisitions in a one-year time frame immediately prior to Boart Longyear going public on the Australian exchange in April, 2007 (at the time the largest IPO to date on the Australian exchange). While at Texas Genco, Jay was a part of the management team that was formed when Texas Genco was purchased by four large private equity firms for $900 mm in 2005 and subsequently sold to NRG for $5.8 B in February, 2006.
Jay earned his MBA from the Wharton School of the University of Pennsylvania with a concentration in Finance and Strategic Management, and a B.S. in Electrical Engineering from the United States Naval Academy in Annapolis. Jay holds a nuclear engineer certification from the US Navy and is a Professional Engineer (PE).
Jay spends most of his free time with his wife, teenage daughter and adult son enjoying travel, hiking and biking.