Spring Update: team expansion and our Teesside office

Team expansion and our office in the Wilton Centre

Our team in Teesside is settling in well to our office in the Wilton Centre; ‘the premier science park in the North East of England’.

Project director, Daren Smith remarked on the significance of our presence here: “Our proximity to key industry players within the Wilton Centre creates unparalleled opportunities for collaboration and knowledge exchange. We are committed to driving collective success and accelerating Teesside’s transition towards decarbonisation for the benefit of future generations.”

Our rapidly expanding team has welcomed several graduate roles and office staff this quarter. In addition, we’re delighted to have Richard Dean join our team as business development director, and David Gwynne leading project financing.

Richard is a graduate engineer who has worked in a variety of roles with major OEMs in the power generation industry in both the UK and North America. His expertise lies in identifying new opportunities and enhancing project value through secondary projects.

David Gwynne’s background in infrastructure banking and his extensive freeport experience will be a great support to our financial and business goals as we move forward.

The Energy Shortfall

The need for long-duration, large-scale energy storage becomes more pressing by the day, and policymakers are finally beginning to acknowledge this.

A Public First report, published last month, estimated that the UK will have an energy shortfall which will peak at 7.5GW in 2028. The combined impact of the decommissioning of ageing power stations, delays in the Hinkley Point C nuclear reactor’s completion, and a demand on the grid from electric vehicles and heat pumps all contribute to this deficit.

Long-duration energy storage: Get on with it!

Following soon after, came the House of Lords Science and Technology Committee report candidly titled: Long-duration energy storage: get on with it.

The report offers a comprehensive analysis of how critical long-duration energy storage is for the UK to meet 2035 Net Zero targets.

Storelectric were asked to testify for the report; our written evidence emphasised the urgent need for progress, highlighting that “lead times for financing, building, and commissioning large-scale long-duration storage are significant, necessitating prompt action to meet 2050 emissions targets.” You can read our testimony here.

Technology steering group lead, Simon Maycock upholds our commitment to driving meaningful policy change. He regularly participates in consultations with the Department for Energy Security and Net Zero (DESNZ), specifically around the Hydrogen Storage Business Model (HSBM).

By supporting CAES initiatives and hydrogen production and storage, the government can drive progress towards a greener, economically viable and secure energy landscape.

Press enquiries

For any press enquiries, please contact:

Press@storelectric.com

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