New directors appointed including former RWE npower CEO Paul Massara and former National Grid Group General Counsel & Company Secretary Alison Kay
Green Frog Power Ltd has been re-branded as Pulse Clean Energy following its 100% acquisition by the Investment Management Corporation of Ontario (IMCO) in October 2021.
As Pulse Clean Energy, the new company will focus on investing in projects to support the transition to a zero-carbon energy system, by developing and operating grid-scale battery storage sites across the UK.
With an ambition to operate 1GW+ of energy storage assets across multiple markets, it has already invested in nine diesel generation sites, which are being decommissioned and repurposed as battery storage assets. These will provide grid-scale storage to enable the ongoing deployment of renewables in the UK, paving the way to a cleaner energy system.
Matthew Mendes and Trevor Wills have been appointed as Chief Executive Officer and Chief Operating Officer respectively and will be responsible for executing and growing the substantial pipeline of battery projects in development.
Pulse Clean Energy has also announced the appointment of several energy industry leaders to its board of directors to support its growth.
Former CEO of RWE npower, Paul Massara, has joined as Chairman of the Board, alongside Alison Kay, former Group General Counsel and Company Secretary for National Grid Plc, who has been appointed non-executive director.
Tim Formuziewich, Managing Director and Head of Infrastructure and Polina Sims, Head of Infrastructure Funds and Asset Management at IMCO join as non-executive directors.
Matthew Mendes, CEO at Pulse Clean Energy, comments:
“Through innovation in energy storage and optimisation, it is our ambition to enable the smooth transition to a zero-carbon energy network. 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. 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.”
IMCO announced its 100% acquisition of Green Frog Power Ltd in August 2021, completing in October 2021.
ABOUT PULSE CLEAN ENERGY
Pulse Clean Energy’s purpose is to provide the balance and stability needed to ensure renewable energy technologies can thrive. Through innovation in energy storage and optimisation, we enable an energy network that runs entirely carbon free. With a focus that goes beyond energy, to the communities that depend on it, every decision we make is governed by unshakeable ethical and sustainable values.
ABOUT IMCO
The Investment Management Corporation of Ontario manages $73.3 billion of assets on behalf of its clients. IMCO’s mandate is to provide broader public sector institutions with investment management services, including portfolio construction advice, better access to a diverse range of asset classes and sophisticated risk management capabilities. IMCO is an independent organization, operating at arm’s length from government and guided by a highly experienced and professional Board of Directors. Follow us on LinkedIn and Twitter @imcoinvest
