While bringing enormous benefits, the move to distributed and intermittent low carbon renewable generation creates challenges for our energy system. The deployment of battery storage facilitates the addition of renewable generation and can help defer or avoid the cost of expensive network upgrades.
Energy storage plays a key and growing role in ensuring the resilience of our electricity networks. Batteries provide a scalable solution that is unique in its ability to respond rapidly and proportionately to imbalances in electricity supply and demand.
Battery storage supports lower emissions, lower costs, and lower energy prices.
Penso Power is developing and deploying a substantial pipeline of large-scale battery energy storage projects in the UK. Penso Power creates value at each stage of a project’s lifetime, from project development, design, and deployment to post-construction operation.
Our ambitions are global, and we are looking at a range of markets including in Europe and developing markets in Africa and Asia where we believe there is significant potential to make an impact.
The Minety development in Wiltshire is Europe’s largest operational battery storage project, initially 100MW / 136MWh and 150MW / 266MWh when fully built.
Our Hams Hall project in North Warwickshire will see a further step up in scale with 350MW of connection capacity and an approved design allowing for deployment of up to 1,750MWh of energy.
Our battery storage project pipeline currently exceeds 4GWh.
John Wybrew OBE
CHAIRMAN
Following a 30-year career at Shell, John served as an Executive Director on the boards of British Gas and its successor companies, latterly National Grid. For 8 years thereafter, he was a non-executive Director of the energy regulator, Ofgem.
John chaired the British Energy Association from 2005 to 2007 and the Foundation for Management Education from 2000 to 2013. Until 2009, he was Chairman of a government-backed Sector Skills Council for which he was awarded an OBE.
Richard Thwaites
CEO
Richard was Chairman at Limejump, a leading energy technology company, until it was acquired by Shell in February 2019. He spent a large part of his career in investment banking roles at Morgan Stanley and HSBC and latterly as Managing Partner and head of Energy and Renewables at Emergent Capital Partners.
Andrew McAleavey
CFO / COO
Andrew is a qualified management accountant with over 25 years' experience in a range of finance roles of which the last 10 years has been as CFO and board member. Most recently Andrew was interim CFO of Limejump with prior roles including CFO of a Fidelity International backed healthcare fund. Andrew sits on the ESO Markets Advisory Council.
Dr Nan Jia
ENGINEERING DIRECTOR
Nan has over 18 years' experience in electrical and electronic engineering with a focus on the renewable energy industry since 2013. Nan has substantial experience in grid-scale renewable generation, grid-scale and behind-the-meter energy storage as well as the development of community energy storage concepts.
Erik Nygard
BOARD OBSERVER
Erik is the founder and former CEO of Limejump, a leading energy technology company, taking that business from inception through VC-funded growth, exit to Shell and integration into the broader Shell New Energies operations. Erik has very substantial experience and expertise in energy markets, trading, hedging and optimisation.
Now based in Ghana, Erik's focus at Penso Power is renewable energy and energy storage opportunities in Africa.
Erik Strømsø
NON-EXECUTIVE DIRECTOR
Erik is the Managing Director for BW Renewables and is responsible for scaling BW's investments in the renewable space. He joined BW Group in 2021 and sits on the group Executive Committee. Prior to joining BW Group, Erik was a Senior Equity Partner at Pareto Securities, a leading Scandinavian investment bank, with a key focus on the energy and maritime space.
Ofgem has revealed the list of members of inaugural Capacity Market Advisory Group which will recommend rule changes to the regulator. The group has been established as part of an overhaul of the rule change process for the Capacity Market
Utility Week
ReadUtility Week
The Capacity Market Advisory Group (CMAG) has been established to enable the CM Rules change process to become more dynamic and adaptive to changing market conditions.
Ofgem
ReadOfgem
Penso Power and Luminous Energy secure planning permission for major battery storage project near Birmingham, as 4 Renewable Energy wins backing from Santander UK.
3 min read
Business Green
ReadBusiness Green
3 min read
Penso Power and Luminous Energy, partners in the Welbar Energy Storage joint venture, have secured full planning approval for a 350 MW connection capacity battery storage development at Hams Hall, east of Birmingham, UK.
3 min read
Energy Global
ReadEnergy Global
3 min read
Welbar Energy Storage joint venture – made up of Penso Power and Luminous Energy – has secured planning permission for a 350MW connection capacity battery storage development with a five-hour duration in the UK.
Energy Storage News
ReadEnergy Storage News
Welbar Energy Storage joint venture – made up of Penso Power and Luminous Energy – has secured planning permission for a 350MW connection capacity battery storage development with a five-hour duration in the UK.
