Storelectric Ltd

Project developers of grid-scale

Compressed Air Energy Storage (CAES)

The Board

  • Jeff Draper, CFO and co-founder
  • Mark Howitt, CTO, co-founder and principal shareholder
  • Tallat Azad, Managing Director
  • Paul Van Dang, Director of Investor Relations
  • Professor Philip Leigh, Grants and Academic Director
  • Dr David Pickering, Deputy Chairman and seed investor


We also have a growing consortium of partner companies, most of them multinational leaders in their fields. Some of the businesses supporting Storelectric are described in our Partners page..

Paul Davies Chairman

Former Senior Partner, PwC Corporate Finance, and previously a senior investment banker in project finance at HSBC. He has long experience in the financing and structuring of major infrastructure (especially green infrastructure) and companies. He initiated the Green Deal Investment Company to enable government policy at the time, and was also instrumental in the financing and corporate structure of a CCS project, the Channel Tunnel Rail Link, the widening of the M25, London Underground PPP and many other infrastructure deals.


Paul’s other current engagements are:

  • Head of Finance and Investment for the Indo-UK Institute of Health (IUIH) a relatively new company planning to build 11 X 1,000 bed hospitals across India and a large number of associated clinics.
  • Adviser to the Department for Transport on its IEP contracts for the procurement of its new fleet of trains on the West and East Coast Mainline.
  • Adviser to Highways England on the Lower Thames Crossing and A303 Stonehenge Projects, which are planned to be procured through Public Private Partnership.
  • Adviser to the Civil Aviation Authority on the regulation of the proposed financing of Heathrow's Runway 3.

Mark Howitt CTO, co-founder and principal shareholder

Mark is leading the technical and operations side of the business, and the thermal storage technology.


BSc (Hons) Physics with Electronics at UMIST. Member of the Chartered Management Institute, and Institute for Enterprise & Entrepreneurship. A dynamic and experienced business consultant and senior manager with a proven track record of success within many market sectors and functions. Both commercially and technically innovative and results orientated. Strong skills and well balanced track record of success in strategic planning, operational leadership, business improvement, R&D, marketing, manufacturing, procurement and supply chain, sales and capital investment. Set up three business units for Bombardier

Transportation, in non-destructive testing (for which he initiated and managed the R&D), workshop engineering and logistics. Immense number and range of contacts in diverse industries. Currently working as an innovation, marketing and management consultant primarily in renewable energy, energy storage, electrical products and chemicals. Was SME Project Manager of an EU financed R&D and commercialisation programme. Advisor on retaining intellectual property for renewable energy. Managed multi-site, multi-functional teams including technical experts in diverse fields.

Tallat Azad Managing Director

BSc (Hons) Mechanical Engineering at UMIST. Chartered Engineer and Fellow of the Institution of Mechanical Engineers. GEC Turbine Generators at Stafford, UK, spending the first 5 years of his career in the R&D department of the Turbo-generator unit. Moved to ABB Power Generation in Switzerland as a Product Manager for turbo-generators, followed by the business development of a new business unit selling turbo-generators worldwide to non ABB prime movers. This business was merged with the equivalent in ALSTOM during the merger with ABB in 1999 and Tallat was then given the General Management role for both units.



Following a year as Director of a new Compressed Air Energy Storage development programme, Tallat joined the Steam Turbine Retrofit Business as Director for the newly formed Integrated Retrofit group. As a member of the executive management team he was instrumental in the development of this new group since its inception, growing it to over a 100 employees and a turnover of over 100M€. In October 2015 Tallat left Alstom to work on several energy management projects.

Jeff Draper CFO and co-founder

Jeff is leading the corporate, financial and trading side of Storelectric, and the hydrogen technology.


Chartered Accountant, qualifying with Arthur Andersen in 1987. Joint Honours degree in Mathematics and Physics at Manchester University. Partner in accountancy firm, specialising in audit. Built up and sold award-winning 70 branch enterprise from 1997-2005. Built up own large property portfolio of over 30 commercial units. Extensive experience in preparation and management of annual budgets for large companies, monthly management accounts / forecasts and profitability analysis, raising finance and exit routes. Proven track record in business development. Expert in UK renewable energy infrastructure and strategy. Jeff’s combination of both strong financial and scientific skills and experience gives him a valuable and rare insight into the financial and scientific factors that need to be overcome to make present-day renewables projects commercially viable.


Paul Van Dang Director of Investor Relations

BA at Newcastle and MA at London universities, Paul's international banking career began in Jeddah where he was recruited from an assignment with the British Council at King Abdul Aziz University to lecture on their MBA programme. There followed a series of senior corporate banking, project finance and risk management appointments with international financial institutions in Riyadh, Bahrain and then London. Paul applies a strong strategic and investor focus to raising funding having worked for companies in the healthcare and renewable energy sectors. He has considerable experience in raising funds from multilateral institutions and private equity sources and worked for three years as a consultant on projects in Dubai, Germany, Eastern Europe and South Africa. His interests are in transformative technologies, business development, risk managements and funds origination.

© Storelectric 2013-16 All Rights Reserved