Highview Power Storage, a developer of large-scale energy storage solutions that uses cryogenic liquids, has appointed prominent corporate financier Colin Roy to be the company’s Chairman.
Source: Highview Power Storage
A pioneer of modern corporate finance, mergers and acquisitions practices in Europe, Roy brings to Highview more than 20-years of executive leadership in multinational corporations.
Additionally, the UK-based business is announcing the opening of its New York offices to meet the growing demand for long duration energy storage in the US.
“I have long been a believer in Highview’s liquid air energy storage technology. It precisely addresses the three real requirements of the energy storage market; long duration, large scale, and environmentally friendly,” explained Roy. “I am proud to join the leadership team at Highview at this critical time of our expansion to the US and the negotiation of our first commercial orders.”
Highview Power’s CEO Gareth Brett added, “Colin Roy is an incredibly experienced executive, so his keen insight will be invaluable as LAES technology builds momentum as the only freely locatable energy storage system engineered for long duration use cases. The recent decision in the UK to impose more stringent de-rating factors in capacity market auctions for short duration storage clearly places a premium on long duration solutions and we believe that markets in the US will soon follow suit.”
UK-based business, Highview Power Storage, is preparing to start operating its new 5MW Liquid Air Energy Storage (LAES) technology Pre-Commercial Demonstrator.
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