The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

UK’s Pulse Clean Energy aims at 1GW+ BESS opportunities after Investment Management Corporation of Ontario takeover

By Molly Lempriere
LinkedIn
Twitter
Reddit
Facebook
Email
Pulse Clean Energy CEO Matthew Mendes. Image: Pulse Clean Energy.

Following last year’s acquisition, independent power plant developer Green Frog Power has rebranded as Pulse Clean Energy and unveiled a target of 1GW+ of energy storage assets in the UK.

The company was bought by Investment Management Corporation of Ontario (IMCO) in October 2021. Matthew Mendes and Trevor Wills have been appointed as chief executive officer and chief operating officer respectively, and will now take on the responsibility of growing a substantial battery storage pipeline.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Pulse Clean Energy has already invested in nine diesel generation sites, which will be decommissioned and repurposed as grid-scale battery energy storage sites.

“Through innovation in energy storage and optimisation, it is our ambition to enable the smooth transition to a zero-carbon energy network,” said Mendes.

“We pride ourselves in doing this differently, as our approach is rooted in data and insight to ensure a seamless collaboration across the energy system.”

Additional senior appointments announced include former CEO of RWE npower, Paul Massara as chairman of the board and former group general counsel and company secretary for National Grid Plc Alison Kay as non-executive director.

IMCO’s managing director and head of infrastructure Tim Formuziewich and head of infrastructure funds and asset management Polina Sims will also join as non-executive directors.

“The rebrand is a reflection of the new path Pulse Clean Energy is taking and we are thrilled to welcome Paul, Alison, Tim and Polina to our board and are looking forward to working with our team of highly talented experts to make this vision a reality,” added Mendes.

This story first appeared on Solar Power Portal.

Read Next

Premium
May 29, 2024
The first 4-hour duration battery storage project to be built in Ireland exemplifies both the challenges and opportunities of the country’s growing and evolving market.
May 7, 2024
Storage developer and operator Lightshift Energy will deploy numerous distributed BESS projects totalling 50MW for various utilities via the Massachusetts Municipal Wholesale Electric Company (MMWEC).
Premium
April 9, 2024
A second life energy storage assembly plant has opened in Germany, amidst a rapid fall in battery prices which could threaten the economics of repurposing EV batteries into stationary units.
January 26, 2024
UK-headquartered Zenobē Energy attracted the most venture capital (VC) funding of any company in the energy storage industry during 2023, as found by Mercom Capital.
Premium
January 5, 2024
We bring you some predictions of what might be in 2024, in the first-ever edition of the Energy-Storage.news Premium Friday Briefing.

Most Popular

Email Newsletter