Published: 11 Feb 2022, 12:53
Following last year’s acquisition, 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.
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.