Ray Spitzley is a Vice Chairman in Morgan Stanley's Investment Banking Divi- sion and Co-Heads the Firm's Energy Transition banking efforts. Based in New York, Mr. Spitzley has 40 years of experience working with leading power, utility and energy companies with corporate and asset based financings and mergers, acquisitions and divestitures. From 1993-2001 Mr. Spitzley was based in Hong Kong, Singapore and Sydney and also worked on a number of privatizations for governments in Australia, China, Hong Kong. Indonesia, the Philippines, Singapore and Thailand. Since moving back to New York in 2001, Mr. Spitzley has focused the majority of his work serving clients in North America, with a particular focus on conventional and renewable generation as well as utility M&A. More recently, with the passage of the IRA and its numerous incentives for decarbonization, he is spending his time helping developers raise capital for a range of energy transition projects including carbon capture and underground storage (CCUS), green ammonia and hydrogen, low/zero carbon methanol, gasoline. and jet fuel, and renewable natural gas. He also works with a number of companies involved in the manufacture and/or implementation of fuel cells, battery electric storage systems and other "clean tech" applications. Mr. Spitzley is a graduate of Denison University and holds a Masters in Public and Private Management from Yale University.