Your Upstream Resource
ETX Upstream identifies, develops and manages upstream Energy Transition resources
About
ETX Upstream leverages its proven Upstream Playbook to develop the platforms, projects and products powering the Energy Transition. Our portfolio includes successful upstream investments in real estate, energy and data center infrastructure, service providers and startups. Our strategy is shaped by a decade of experience delivering energy infrastructure at Galehead Development along with its proprietary LandCommand data analytics capabilities.
Following the sale of Galehead Development to Macquarie Asset Management in 2025, ETX Upstream was spun out and launched by Galehead's founders to respond to emergent Energy Transition market opportunities.
The Team
Matt Marino co-founded Galehead in 2016 and served as the Chief Executive Officer. Matt’s responsibilities included establishing business and market strategies, managing the project development team, and leading commercial activities. Matt led capital raising and partnerships that successfully financed Galehead's multi-GW portfolio including Macquarie's investments in the platform. Matt is an ETX co-founder focused on strategy, capital partnerships and new investments.
Patrick Martin co-founded Galehead in 2016 and served as the Chief Operating Officer. Patrick was responsible for Galehead’s corporate finance and operations, data analytics capabilities, and entry into new markets. Patrick also led the development and asset management of the LandCommand® Platform. Patrick is an ETX co-founder focused on corporate operations and LandCommand deployments.
John Clifford joined Galehead as a co-founder in 2017 and served as the Chief Revenue Officer. John was responsible for business development with Galehead’s downstream partners and as well as land services. John’s teams led market entry, landowner relations, and >200k acres of site acquisition. John is an ETX co-founder focused on commercial partnerships and land services.
Our Upstream Playbook has successfully delivered over $2.5B of investment-grade Energy Transition infrastructure.
Harvest Gold
138 MWdc Utility-scale solar project in MISO South developed by the ETX Upstream team during their leadership of Galehead Development, Harvest Gold was constructed and is currently owned by Swift Current Energy with off-take from Target.
Redfield
130 MWdc Utility-scale solar project in MISO South developed by the ETX Upstream team during their leadership of Galehead Development, Redfield was constructed and is currently owned by Treaty Oak with off-take from Google.
Carne
165 MWdc Utility-scale solar project in New Mexico developed by the ETX Upstream team during their leadership of Galehead Development, Carne was constructed and is currently owned by DESRI with off-take from El Paso Electric.
Track Record
BDT
A signature property in ETX Upstream's 2,143 acre real estate portfolio which hosts timber, carbon and solar assets and is managed through its Century Land Company subsidiary.
Florence
A gigawatt-scale energy hub development project for large load and new generation managed through its Nexxus Development subsidiary.
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LandCommand
The proprietary greenfield siting engine developed by ETX Upstream's founders at Galehead Development and spun out for commercialization in new verticals.
Active Portfolio
ETX Upstream has a rich track record of collaboration including Services, Joint Ventures and M&A.
Greenfield Diligence
ETX Upstream partners with landowners, developers and financial sponsors of major infrastructure projects to support market/AOI strategies, greenfield siting and site characterization, site/project acquisition diligence and portfolio-wide site/project screening.
LandCommand Intelligence
ETX Upstream leverages the LandCommand Platform on behalf of its partners to provide unparalleled automation of real estate search and diligence for major infrastructure projects.
Principal Investments
Combining rich project development experience and frontier data analytics strategies, ETX Upstream makes and manages principal investments in real estate, development projects and early-stage startups.
Services
ETX Upstream's founders and managing partners previously built and scaled Galehead Development, acquired by Macquarie Asset Management in 2025.
Patrick Martin
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Formerly a Co-founder and President of Galehead Development
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Co-founder and Managing Partner of ETX Upstream
Matt Marino
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Formerly a Co-founder and CEO of Galehead Development
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Co-founder and Managing Partner of ETX Upstream
John Clifford
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Formerly a Co-founder and CCO of Galehead Development
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Co-founder and Managing Partner of ETX Upstream
Meet the Managing Partners
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