Storelectric
Experts in Compressed Air Energy Storage, providing highly efficient, emission free energy storage, cost-effectively using existing technologies at grid scale.
- Stage Full Product Ready
- Industry Industrial/Energy
- Location Manchester, UK
- Currency GBP
- Founded June 2014
- Incorporation Type Not Incorporated
- Website storelectric.com
Company Summary
To make renewable power a reality on a mass scale, the energy produced needs to be able to be stored.
We have made patented improvements to proven, existing technology, using compressed air to store energy. Renewable energy compresses air, which can be stored in underground salt caverns or depleted gas fields. When energy is needed, the air is released and expands through a turbine, driving the turbine and producing clean energy on demand.
Team
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CFO and Co-FounderGraduated in Maths and Physics, chartered accountant, worked with Arthur Andersen and as an accountancy partner. Initiated and operated an award- winning franchise business 1997-2005, with 70 branches nation-wide. Built up commercial property portfolio. Proven track record in business development. Jeff focuses largely on the Hydrogen technology and is non-executive director of this side of the business.
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CTO and Co-FounderGraduated in Physics with Electronics, 12 years management and innovation consultancy worldwide. Developed three profitable businesses within a multinational, one commercialising technology he’d developed. In electronics manufacturing, developed 5 product ranges and helped 2 businesses grow strategically. Mark focuses largely on the Thermal technology.
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Managing DirectorChartered Engineer and Fellow of the Institution of Mechanical Engineers, with a career in R&D, sales and production of turbo-machinery for GEC, ABB and Alstom. Set up and grew a global sales division and an Integrated Steam Turbine Retrofit group to €100M turnover. Responsible for a CAES initiative within Alstom. Tallat focuses largely on the Thermal technology.
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ChairmanFormer Senior Partner, PwC Corporate Finance, and previously a senior investment banker in project finance at HSBC. Has long experience in the financing and structuring of major green infrastructure and companies. He initiated the Green Deal Finance Company to enable government policy at the time, and was instrumental in the financing and corporate structuring of Carbon Capture and Storage for the government and many other infrastructure deals.
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