Storelectric blog

Storelectric blog

A Double Award

Building the businessPosted by Mark Howitt Tue, September 08, 2015 20:11
Storelectric has won the 2015 award for Innovation in Technological Development in the Electricity Industry, and Most Innovative Start-up from Issuu's online magazine Technology Innovator.

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Yet Another Awards Shortlist

Building the businessPosted by Mark Howitt Tue, March 17, 2015 19:28
Storelectric has been shortlisted for the New Energy and Cleantech Awards 2015. This is another prestigious national award, and we are in excellent company. With all this recognition, as well as our outstanding evolving consortium of world-leading multinationals in each field, we expect that the next funding is near.

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Featured in The Guardian

Building the businessPosted by Mark Howitt Thu, February 26, 2015 12:05
Storelectric has been picked up by The Guardian as one of "Six clean tech innovations you need to know about". Read the article here.

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Finalists in the North West Business Masters

Building the businessPosted by Mark Howitt Mon, February 09, 2015 11:23
Storelectric has been nominated as finalists in the North West Business Masters. It's great to be recognised regionally, as well as nationally!

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Arup joins Storelectric's Consortium

Building the businessPosted by Mark Howitt Thu, February 05, 2015 14:31
Arup, the world's leading engineering and technical consultancy, has offered to do some initial free work for Storelectric. Having independently verified the feasibility of the process, considered the market need and potential, and held discussions with the directors, Arup will undertake some initial outline design and planning work. As well as helping Storelectric, this work will double as a due diligence for further involvement. It will complement the work of the civil engineering multinationals, four of whom are in discussions with Storelectric about joining the consortium.

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Storelectric Moves Up a Gear

Building the businessPosted by Mark Howitt Tue, February 03, 2015 13:38
Storelectric has formalised its board structure by appointing two non-executive directors: David Weaver (left) who is our chairman, and Prof Philip Leigh (right).

David Weaver has long experience in the energy industry. Having started in the CEGB, he went on to head both companies and power station construction projects in the UK, China, Singapore, India and USA, with considerable business elsewhere in SE Asia and the Middle East. He led a UK privatisation team, and regional generation / distribution companies in both California and Australia before returning to set up BP Renewables. He has piloted many new technologies, and taken numerous companies to floatation and trade sale. His experience and expertise will be invaluable as Storelectric moves into pilot plant design, construction and commissioning, and then the same for the full-scale plant.

Phil Leigh is Director Irish Sea Rim, Research & Innovation at the University of Chester’s Thornton Science Park. In his role as Director of Research and Innovation, he is building a 0.5MW demonstrator of our technology, funded by the Regional Growth Fund, without money from Storelectric. This will be an experimental facility,used under strict confidentiality. We also epitomise the Irish Sea Rim's academic, industrial and energy aspects, bringing together universities, companies and energy assets throughout the Irish Sea Rim region. He has spun out many technologies into companies.

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Storelectric being recognised as authoritative

Building the businessPosted by Mark Howitt Fri, October 31, 2014 14:40
Storelectric has been featured in a New Scientist article looking at energy storage and the ways in which some of the movers and shakers became involved in the field.

Jeff, meanwhile, has been invited as a panellist in the Renewable Energy Storage Today investor conference organised by Rushlight and Ingenious Energy on 18th Nov.

And Mark has been invited to present a broadening viewpoint to the Demand Response conference organised by Cleantech Investor.

It's great to be thought of, increasingly, as being authoritative in green energy in general and energy storage in particular.

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Finalists in more awards!

Building the businessPosted by Mark Howitt Mon, October 27, 2014 18:34
Storelectric has been nominated to the finals of two more awards!

The Cleantech Innovate awards will be announced at the conference on 12th February 2015. We scored among the highest among exceedingly strong competition, and look forward to the event.

We were also nominated and selected for the Nextgen conference awards last month. Although we didn't win (the prize was 10 hours' consulting with BDO - maybe they thought that it wouldn't benefit us, given our relationship with PwC?), every one of the judges made a point of spending time with us afterwards.

Another thing: the Capacity Market
Some have asked us why we did not bid into the Capacity Market auction. The reason for this was simple: it was designed explicitly to keep gas-fired power stations open, rather than to bring new technologies into the market. The biggest show-stoppers among their rules are that the current market requires:
(1) A trading history of at least two years, which prevents any new technologies bidding; and
(2) Fixed dates and volumes to start trading, which prevents new construction as not all lead times (e.g. grid connection times) are under the company's control.

National Grid consulted with us recently on potential changes to the market's design, so we proposed that they create a route for new technologies and projects to derogate from one or both of these; and that they reserve a proportion of their contracts for such technologies. This would remain technology agnostic, but facilitate the development and introduction of new technologies into the market. They were very interested in the suggestion.

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